Designing Comprehensive Compliance Frameworks for Banks
ABM Global Compliance develops and implements robust, end-to-end compliance frameworks tailored to U.S. banking institutions. Our frameworks align with key federal regulations, including those from the Federal Reserve, OCC, FDIC, and SEC. We cover governance structures, conduct risk management, AML/CFT controls, credit and operational risk policies, and third-party outsourcing compliance. Our approach integrates automated monitoring tools to enable real-time risk assessment and regulatory adherence, ensuring banks maintain resilient and scalable compliance systems.
AML/CFT Program Development & Reviews
We assist banks in designing and refining AML/CFT programs to meet the stringent requirements set by FinCEN, the Bank Secrecy Act (BSA), and the Financial Action Task Force (FATF) standards. Our services include creating customer due diligence (CDD) and enhanced due diligence (EDD) protocols, implementing sanctions screening and transaction monitoring systems, and preparing suspicious activity reports (SARs). ABM conducts independent audits and health checks to identify gaps, recommend remediation, and prepare banks for regulatory examinations.
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Regulatory Licensing & Advisory for Banks
ABM provides expert guidance on obtaining and maintaining banking licenses at the federal and state levels. We support new bank charter applications, regulatory submissions, and license renewals with agencies such as the Federal Reserve, OCC, FDIC, and relevant state authorities. For foreign bank branches and subsidiaries, we offer comprehensive advice on cross-border regulatory compliance and local licensing requirements. Our regulatory gap assessments and readiness reviews help banks stay prepared for inspections and adapt to evolving regulatory expectations.
Outsourced Compliance Functions
To meet resource challenges or transition needs, ABM offers outsourced compliance officer services including Chief Compliance Officer (CCO), Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO) roles. Our outsourced solutions provide ongoing compliance monitoring, regulatory reporting, governance updates, and risk advisory support, allowing banks to maintain high compliance standards cost-effectively and flexibly.
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Banking-Specific Training and Capacity Building
ABM delivers tailored training programs for bank compliance teams, front-line staff, and management committees focused on U.S.-specific regulatory obligations. Training topics include AML/CFT requirements, conduct risk management, regulatory developments, risk governance, outsourcing guidelines, and internal controls. We employ simulation-based workshops, e-learning modules, and board-level briefings to build regulatory awareness and strengthen institutional compliance culture.
Internal Audit & Regulatory Readiness Reviews
Our team conducts comprehensive internal audits and mock regulatory inspections to evaluate compliance with federal banking laws and guidelines. We test the effectiveness of controls around KYC, AML, risk management, market conduct, and corporate governance. Following audits, ABM provides detailed reports and actionable remediation plans aligned with regulatory expectations to enhance banks’ preparedness for formal regulatory examinations.
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Cross-Border & Global Banking Compliance
For banks operating in multiple jurisdictions, ABM offers advisory services to navigate international compliance challenges including FATCA, CRS, and global AML/CFT standards. We assist with coordination of group-level compliance policies, regulatory attestations, and cross-border reporting requirements to ensure seamless compliance across regulatory regimes such as HKMA, FCA, EU AMLD, and FinCEN.
Ongoing Compliance Support
ABM provides retained advisory support with quarterly compliance reviews, regulatory update briefings, and risk dashboard reporting to maintain a dynamic compliance posture. Our proactive alerts on regulatory changes help banks stay ahead of compliance obligations and maintain continuous regulatory readiness across all organizational levels.
