Votum Advisory and Solutions

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Experience you can count on

Our team consists of people who have the knowledge and skillsets to suit your needs and to provide the support necessary

Our team is dedicated to carrying each and every project through to completion with sound execution to ensure the highest level of satisfaction possible

You can rely on us to be current with regulatory requirements, expectations and best practices

We develop leaders to develop staff to increase performance, profits, and retention.

Cascading effective communication throughout an organization so that what is said is heard and acted upon.

Mission statement

We exist to improve the way people and businesses function by evolving their perception of risk, compliance, and effective communication. We exist to guide companies to create healthy business cultures that attract and develop world class talent.

advisory

Advisory

Executive and Team Development

Healthy organizations are constantly developing their executives and support staff. It carries the culture and viability of the organization into the future. Companies that do not develop the talent they have lose their talent to other organizations and are forced to start over. We believe by exercising good hiring practices, developing the employees you have, and cultivating a healthy work culture your company will compete and continue to compete in acquiring talent from around the world. Healthy people want to be a part of a healthy organization. If you are struggling to keep employees, or struggling to attract quality talent in spite of the financial packages provided, you need to look to the health of your organization.

Expert advice, guidance and consultation in BSA/AML and OFAC compliance requirements

Our team has studied the topics of BSA/AML & OFAC Compliance for quite some time.  With a collective experience of more than 35 years in Risk Management, Compliance & Governance, Surveillance and techniques in mitigating the risks associated with money laundering, terrorist financing and other financial fraud and abuse, our team constantly studies industry best practices, new laws or amendments to existing laws as well as regulatory expectations to provide the best and most current advice possible in an ever changing and evolving regulatory environment.

Consulting in Risk Management & Fraud Mitigation

Fraud evolves.  As the regulatory environment changes, so too do the patterns and methodologies of fraud.  As Fraud evolves, so too do the techniques for mitigation.  As the products, services, engagement and fulfillment change and fluctuate, so too do the processes to identify and mitigate.  Consultation can provide additional insight into the nature of the products and services as well as engagement and fulfillment of each product and service in order to help identify the appropriate method for mitigation.

Consulting in Risk Management & Money Laundering Mitigation

The manner in which the environment has changed so rapidly is proof of the tenacity of money launderers to find new methods to remain undetected.  Our consultative services can provide best practices in order to mitigate the risks associated with money laundering, while keeping the business in mind.  The goal is to help implement processes that have the appropriate amount of mitigation in order to provide enough of a restriction against bad actors that the desire to utilize your financial institution is outweighed by the risk of being detected.  There is a delicate balance with ensuring the impact on good customers is minimal so as to avoid operational deficiencies or gaps.

solutions

Solutions

Comprehensive BSA/AML & OFAC risk assessments and risk analysis

The first and most crucial step in the development of any comprehensive BSA/AML Compliance Program is the execution of a risk assessment.  Our multi-pronged approach to performing a risk assessment has several distinct elements targeting risk areas and risk factors unique to each industry and unique to each financial institution ensuring a custom tailored assessment in order to identify the true risks specific to each individual institution.  Each project is tailored to helping the financial institution identify their risks as well as their levels of risk tolerance in order to provide insight to how their BSA/AML and OFAC Compliance Programs will work best post implementation.

Development of strategic and phased plans for policy and procedure roll out

Development of policies and procedures requires a strategic and systematic approach.  This includes not only the development of the policies and procedures but also the finalizing of said policies and procedures and most importantly the implementation.  In our projects we strive to work closely with the financial institution to identify any and all pain-points that can be anticipated to help provide for an effective finalizing of all documents and most importantly an effective and seamless implementation.  We look forward to working with you to help provide the most practical and plausible solution to the implementation of the compliance programs we help develop.

Development of policies and procedures for BSA, AML, OFAC, USA PATRIOT Act, 314B information sharing-

Developing polices and procedures to help satisfy the many different facets of the law is a complex project.  This coupled with the unique differences each financial institution has from its neighbor adds to the complexity of the project.  With each project posing unique differences in terminology, technology, processes, and even bandwidth or other environmental differences, we aim to provide the best possible solutions while tailoring to the risk tolerances of the organization.  These projects are complex and satisfying the needs of each institution is our highest priority.  We look forward to working with you to help provide comprehensive compliance programs.

Conducting investigations and analysis

Our team is dedicated to performing in-depth investigations, interviews and interrogations of violence or harassment in the workplace, theft, embezzlement or other financial fraud and abuse.  While the nature of each investigation varies, so too do the complexities associated.  Our team is ready for your unique circumstances and will rise to each challenge.  Whether the investigation include transaction analysis or in-person interviews, we will handle each investigation with the utmost confidentiality.