In 2017, the New York Department of Financial Services (DFS) issued their final Part

504 requirement for NY state chartered or licensed financial institutions, which

requires these institutions to certify that they’ve met these stringent requirements. The

truth is that this simply formalized what many are already doing. However, we work

with our clients to ensure that they are compliant, so that they may present

themselves to DFS with confidence.

Our Tri-Ally approach to all of our services, which provides you a team of experts oftechnical wizards, data scientists, and compliance experts, willl provide you a

thorough review of the requirements. This team will thoroughly review your

transaction monitoring and sanctions screening programs through a 504-lense. The

financial institutions that have partnered with us to ensure they are operating at full

compliance can confidently certify their AML program.

● A 504 -level review of your BSA and OFAC compliance programs, with specific focus on heightenedareas of scrutiny.

● A gap analysis of your AML program by identifying those program areas that excel and those that fallshort.

● A report that can substantiate the certification that your corporate officers commit to by demonstratingthat your FI clearly understands their responsible, and is ready to meet them.

WHAT YOU GET WITH ARC RISK AND COMPLIANCE:

PRE-CERTIFICATION FOR 504COMPLIANCE

Part 504 requires that chartered or licensed financial institutions mustvalidate their transaction monitoring and sanctions filtering programs,

including annual training, and certify to this annually. Everything in your AMLprogram is based on your risk assessment, so that is a critical part to the

foundation of your program, thereby making each building block abovethat only as good as the piece prior. Finally, our 504 pre-certification serviceis designed to be a stop gap before audit and your exam to ensure going

into those tests, you’re confident that you’ve met the requirements.

ARC Risk and Compliance is a specialized consulting company that specializes in anti-moneylaundering compliance and the technology for AML compliance programs. This specialization includesBSA/transaction monitoring, OFAC/sanctions screening, KYC/CDD/EDD, and FinCEN 314(a). Weare “The AML Specialists”.

We can bridge the communication gap between what compliance needs and IT can support with thesystem they have. We believe that in order to bridge the gap between compliance and IT, the expertneeds to be able to communicate to both departments, have knowledge and experience in both, andprovide experienced solutions. We’ve been able to combine that knowledge and experience for a morethorough solution addressing both the compliance and IT requirements. Our approach ensures a better rateof success than non-specialized companies.

Many of ARC Risk and Compliance’s team members were leaders in the initial design, development,and deployment of many of the leading AML software in use today. Our team has a deep compliancebackground that can assist banks with their regulatory and compliance challenges.

Every customer is important to us and we will provide the best service possible to all clients. ARC Riskand Compliance is a certified veteran-owned small business and has a large network of professionals andalliance partners to support the ever growing demands within the financial industry.

Validation & Review Services-AML Model Validation

-AML Gap Analysis-AML Procedures: Review and Updates

Assessing, Analyzing, & Tuning Services-AML Risk Assessment

-Rules/Risk Rating/Profiling: Statistical DataAnalysis

-Tuning and False Positive Exercise

Some of Our Services

About ARC Risk and Compliance

Sales@arcriskandcompliance.com

© 2019 ARC Financial Solutions, LLC D/B/A ARC Risk and Compliance. All rights reserved. All information provided here within are proprietary.AML-ology is a registered trademark of AML-ology, LLC. Inc. 500 is a registered trademark of Mansueto Ventures LLC.

@ARCRiskandComp

/ARCRiskandCompliance

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(855) ARC-5995

Remediation Services-Data Mining: Analysis and Correction

-Look-Back Services-Regulatory Remediation Services

Regulatory Specific Services-NYS DFS 504 Pre-Certification Service

-NYS DFS Part 500 CybersecurityScreening & Compliance Check

Staffing & Outsource-AML Program Outsource

-Staff Augmentation

Custom Development-Custom Software Development