Regulatory Compliance Assessment

Systematic evaluation of an organization's adherence to relevant laws, regulations, standards and internal policies. The assessment can be tailored to specific needs or specific regulatory requirements of the institution, whether NY DFS 504, NY DFS 500, FINRA 3310, etc.

As part of this review, UpwardIQ will

• Assess the AML risks across products, services, customers and geographic locations.

• Review internal controls and the bank's compliance programme.

• Review and evaluate the onboarding, transaction monitoring and sanctions systems.

• Review current and historical transactions.

• Review observations from previous third-party reviews, audits and model validations.