Our foremost commitment is to the safety, soundness, and reputation of the financial institution. We keep our clients from running afoul of the Department of Justice, FinCEN and law enforcement.
West Coast AML Services implements explicit and effective high-risk, cash-intensive Anti-Money Laundering (AML) components in financial institutions' risk management programs. Our firm does this based on the Department of Justice, Criminal Division's guidance for the Narcotic and Dangerous Drugs Section, Money Laundering and Asset Recovery Section and the Organized Crime Drug Enforcement Task Forces Program.
Many currency transportation and security companies facilitate financial transactions for cash-intensive businesses, but are unaware they are considered to be "financial institutions" subject to the Bank Secrecy Act. West Coast AML Services helps these businesses comply with the Bank Secrecy Act and the license and registration requirements applicable to money transmitters.
Investment fund managers have unique due diligence challenges associated with high-risk investments, particularly to the extent that some of that investment capital originates from offshore sources. West Coast AML Services can be a critical part of the due diligence process by documenting and verifying the legitimacy of the investors and their sources of funds.
West Coast AML Services works closely with bank counsel on matters involving federal investigations or regulatory enforcement actions. Our team is comprised of former federal prosecutors, federal agents, and banking and compliance professionals. We have extensive experience in the conduct of investigations of financial institutions and complex white collar conspiracies.
West Coast AML Services examines compliance programs with firsthand insight into the prosecution of financial institutions and bankers by the Department of Justice under federal money laundering statutes (18 U.S.C. §§ 1956 and 1957). We recommend program enhancements, immediate corrective actions, tailor training for BSA officers and senior management, and advise the Board on oversight.
West Coast AML Services training curriculum focuses on the unique challenges of banking high-risk, cash-intensive businesses. Our extensive and recent experience in conducting federal money laundering investigations allows us to deliver training programs tailored to current federal law enforcement operations and policy.
It is expected the Department of Justice will assess the quality and effectiveness of state and local regulatory and law enforcement environments when creating targeting priorities. West Coast AML Services was created by a former DOJ Asset Forfeiture and Money Laundering Senior Trial Attorney and I to protect the safety, soundness and reputations of financial institutions that bank high-risk, cash-intensive businesses. We minimize our client's risk of regulatory enforcement actions and prosecution under federal money laundering statutes (18 U.S.C. §§ 1956 and 1957).
Terry M. Neeley
Founder / Managing Director
Our team brings a wealth of knowledge and expertise to the table with varying backgrounds in Federal law enforcement, banking, compliance and certifications, including Anti-Money Laundering Specialist (CAMS), Fraud Examiner (CFE), Public Accountant (CPA), and Forensic Interviewer (CFI). Many held Top Secret security clearances when they were federal government employees.
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