Be prepared to respond.
At 7th Avenue Partners Inc. (7AVP), we understand the significance of being prepared to engage with FinCEN’s (Financial Crimes Enforcement Network) 314(a) screening procedures. Financial institutions are periodically required to share account information and transaction history of individuals or companies suspected of involvement in criminal activities such as terrorism or money laundering. Suspicious activities that may not yet meet the criteria for a FinCEN report must be closely monitored and prepared for reporting when necessary.
Our Commitment to Your Compliance
At 7AVP, we make it our business to keep you prepared and equipped to respond with the highest integrity when it comes to 314(a) screenings. Our dedicated team ensures that your institution is ready to efficiently engage with FinCEN’s procedures, comply with regulatory requirements, and proactively contribute to the fight against financial crime.
Key Aspects of Our 314(a) Screening Services:
Expert Guidance: Our team of AML specialists is well-versed in the nuances of 314(a) screenings and FinCEN’s requirements. We provide invaluable insights and guidance, ensuring that your institution is equipped with the knowledge and tools needed to navigate the process seamlessly.
Real-Time Monitoring: To stay ahead of potential risks, we offer real-time monitoring solutions that keep a watchful eye on suspicious activities and transactions. By promptly identifying red flags, your institution can take proactive steps to address potential concerns before they escalate.
Efficient Data Management: We understand the importance of maintaining accurate and up-to-date data. Our solutions are designed to streamline data management, making it easier for your institution to access and report information when required.
Enhanced Compliance: 7AVP assists your institution in maintaining robust compliance measures that align with FinCEN’s expectations. By being proactive in our approach, we help you build a strong foundation for compliance and reporting.
Prompt Reporting: Should a potential match be identified during the 314(a) screenings, our team ensures that the necessary reporting to FinCEN is done promptly and accurately. Our focus on detail and adherence to deadlines guarantee that your institution meets its reporting obligations.
Continuous Support: Our commitment to your success goes beyond the initial engagement. We provide continuous support, updates, and training to keep your institution well-prepared for any future 314(a) screenings.
Trust 7th Avenue Partners Inc. to be your reliable partner in 314(a) screenings. By choosing us, you can have confidence that your institution is well-prepared to respond to FinCEN’s requests and contribute to a safer financial ecosystem. Stay proactive, compliant, and vigilant against financial crime risks with our comprehensive 314(a) screening services.