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Wire Transfer Risk Assessment and Audit of Internal Controls

Wire transfers are becoming more of a focus for regulatory agencies during yearly exams. Wire transfers are attractive to business customers and consumers because they allow funds to settle same day, additionally, wire transfers are irrevocable, both of these attributes make wire transfers a significant risk. Our wire compliance experts will conduct a comprehensive assessment of your wire transfer program to ensure your institution's program is in compliance with regulatory guidelines.

The Wire Transfer Audit & Risk Assessment Service will include:

  • Review Wire Transfer Policy and Procedures
  • Review of contracts and agreements
  • Review of sound business practices and internal controls
  • Review monitoring and reporting process
  • Review Contingency Plan
  • The Wire Transfer Audit and Risk Assessment will include a written report detailing the results of the review
  • Exit interview
  • Access to auditor for questions after on-site appointment 

Compliance Services Request Form

Tip: Schedule early to ensure availability, efficient preparation time and to avoid additional charges.