10 Steps to Create an Audit-Ready Brokerage
Know federal AND state laws and regulations
Build a compliance management program and culture of compliance
Complete required compliance training (e.g, AML, Fair Lending, Info Sec, Red Flags)
Create and issue broker mini-disclosure packages
Implement recordkeeping requirements e.g., advertisements, loan files, complaints, training
Designate BSA Officer and register with FinCEN
Perform internal monitoring and testing (or have SCP do it for you)
Independent AML review
Be proactive vs reactive. Examiner will know if you’ve established a compliance culture or scrambled for the exam request!
Call SCP today and get set up with a compliance program you can depend upon!