Policy & Procedures Development
U.S. financial institutions, Money Services Businesses (MSBs), fintech companies, digital asset firms, and other regulated entities are required to maintain written compliance policies under federal and state law.
Policy & Procedures Development
Our Policy & Procedures Development service delivers customized, regulator-ready documentation aligned with:
- Bank Secrecy Act (BSA) requirements
- FinCEN regulations
- USA PATRIOT Act provisions
- OFAC sanctions compliance
- State money transmission laws
- Applicable federal and state regulatory guidance
We design practical, risk-based policies tailored to your business model.
What It Is
Policy & Procedures Development involves creating structured, written compliance frameworks that define:
- Internal controls
- Risk management processes
- Regulatory reporting procedures
- Roles and responsibilities
- Monitoring and oversight mechanisms
These documents serve as the foundation of your compliance program and are essential during licensing, audits, and regulatory examinations
How It Works
1. Risk & Business Model Assessment
It begin by analyzing your:
- Products and services
- Customer base
- Transaction flows
- Geographic exposure
- Regulatory obligations (federal & state)
This ensures policies are aligned with your specific risk profile
2. Drafting Customized Compliance Policies
We develop comprehensive documentation, which may include:
- AML/BSA Program
- Customer Identification Program (CIP)
- Customer Due Diligence (CDD/EDD) Procedures
- OFAC Sanctions Compliance Policy
- Suspicious Activity Reporting (SAR) Procedures
- Currency Transaction Reporting (CTR) Procedures
- Independent Testing & Training Framework
- Recordkeeping and Reporting Policies
- State-specific compliance addendums
All policies are structured to meet U.S. regulatory expectations and examination standards.
3. Implementation Guidance
We support your team by:
- Explaining policy requirements
- Establishing reporting lines
- Defining internal controls
- Aligning procedures with operational workflows
- Preparing documentation for regulators or licensing authorities
Our objective is to ensure your policies are not only compliant — but operationally effective.
When You Need This Service
- Launching a new MSB or fintech company
- Registering with FinCEN
- Applying for state money transmitter licenses
- Preparing for regulatory examinations
- Addressing audit findings
- Updating outdated compliance documentation
Expanding into new states