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Anti-Money Laundering Technology & Services Redefined

The Current Challenges

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Legal requirements and recent developments compel Financial Institutions to adopt comprehensive and effective risk-based controls to prevent misuse by money launderers or purveyors of terrorist acts.

Anti Money Laundering, Terrorism Financing, Fraud, and related regulations continue to increase compliance operating costs for companies in the financial services space.

Untested, rubber stamp solutions adopted to appease regulators will not do in today’s environment.

 

Our Solutions

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Optima leverages technology and our extensive experience to create solutions that are forward thinking, anticipatory, holistic, and most importantly, effective.

Optima offers a proven skill and delivers best-in-class AML/BSA consulting and automated AML/BSA and OFAC compliance solutions to financial institutions the world over.

Our deployment strategies are tailored to meet the individual needs of our clients in the context of a risk-laden world.  Our approach is to provide the most protection in the most intelligent, effective and cost-efficient manner.

AML Compass

Technology Platforms

Our proprietary AML Compass Suite is a fully automated compliance solution for banks and non-bank financial institutions including hedge funds, broker dealers, insurance companies, and domestic and international MSBs that have regulatory reporting and control…

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Our Clients and Footprint

Clients include Banks, Non-Banking Financial Institutions, Non-Financial Institutions, Insurance Companies, Broker Dealers, Payment Processors, Check Cashers, Digital Payments Companies, Money Transmitters, and Crypto Currency Solution Companies including Exchanges and Market Places.

North America & Caribbean

United States
Mexico
Dominican Republic
Jamaica

Central & South America

Costa Rica
El Salvador
Panama
Venezuela
Ecuador
Chile
Argentina
Colombia
Uruguay

 

Europe & Africa


United Kingdom
Spain
Bulgaria
Ethiopia
Somalia
Cote de Ivory
Djibouti

Middle East & Far East

Israel
Saudi Arabia
Dubai
Philippines

Recent Optima Compass Industry Alert

Federal Agencies Issue a Joint Statement on Banks and Credit Unions Sharing Resources to Improve Efficiency and Effectiveness of Bank Secrecy Act Compliance

The federal depository institutions regulators and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively. Collaborative arrangements as described in the statement generally are most suitable for financial institutions with a community focus, less complex operations, and lower-risk profiles for money laundering or terrorist financing. The statement, which was issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, FinCEN, the National Credit Union Administration, and the Office of the Comptroller of the Currency, explains how these institutions can share BSA/AML resources in order to better protect against illicit finance risks, which can in turn also reduce costs. Today’s joint statement is a result of a working group recently formed by these agencies and Treasury’s Office of Terrorism and Financial Intelligence aimed at improving the effectiveness and efficiency of the BSA/AML regime.   Link to the press... read more

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Stay informed on the complex web of regulations associated with the USA Patriot, Bank Secrecy Acts, OFAC, and FACTA requirements.

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Contact Us

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Optima Compass Group

1250 Capital of Texas Hwy. South
Building 3, Suite 400
Austin, TX 78746

+1 512 329-2114

OCGAdmin [@] optimacompass.com

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