Raddllc Signed an Engagement with a California Credit Union with an Asset Size of 4.5 billion
Exciting news! We are thrilled to announce that we just signed an engagement with a California Credit Union with an asset size of 4.5 billion. We will conduct their BSA/AML and OFAC audit and perform a gap analysis of their BSA Program. If your financial institution...
What Silicon Valley Bank’s Collapse Teaches Us About the Importance of Strong Risk Management Programs
Despite being a major lender in the tech industry for decades, Silicon Valley Bank’s (SVB) risky investments and lack of proper risk management protocols led to its downfall. Yes, government policies were not favorable to banks as the Federal Reserve raised the...
Our team of highly-experienced experts are proud to be providing a BSA Model Validation Audit for a popular Southern California-based Bank
This project is a big deal for us and we are ready to tackle it head-on! With our experienced BSA Model Validation Audit team, this process will be painless. We promise to provide comprehensive analysis, clear recommendations, and timely results – all while...
Guidelines for Bank SecrecY Act / Anti-Money Laundering (BSA/AML)Compliance Program 2023
The new AML whistleblower law signed in December 2022 by President Biden signals a heightened focus on financial crime and the need for financial institutions to tighten the noose around criminals by updating their Bank Secrecy Act / Anti-Money Laundering (BSA/AML)...
Fintech Compliance Risks and Regulatory Landscape 2023
The risks and regulatory landscape for fintech companies are complex and constantly evolving. To survive, you must navigate a patchwork of federal and state regulations. These include the US Patriot Act, the Bank Secrecy Act, the Fair Credit Reporting Act, and...
Audit Procedures for Financial Institutions
A financial institution audit is a routine check of its services to ensure compliance with legal and industry standards. Hence, the audit procedure is a standardized process set up by banks to assess their level of compliance with relevant rules and regulations. Also...
Top 10 Risk and Compliance Trends for 2023
With the rapidly growing digital revolution, financial institutions have undergone a significant technological change to meet demands from increasingly sophisticated customers and global competition. Hence, it is crucial to know what should be your risk and compliance...
RADD Just Won an Engagement with a Technology Firm in Canada
RADD just won an engagement with a technology firm in Canada with an asset value of $2 billion to develop their compliance policies and procedures for Regulation B – The Equal Credit Opportunity Act (ECOA). We’re thrilled to help this client improve their...