AML Program Requirements Made Simple
Independent, Written Review of AML Program Policy & Procedures + Ongoing Monthly Training Materials – $200
As of August 2012, mortgage brokers have been required to implement a written Anti-Money Laundering (AML) program. This program must include documented procedures, internal controls, and—most importantly—independent testing to ensure compliance and adherence to established guidelines.
The frequency of independent testing is determined by the company’s written policy, with most AML programs requiring reviews every 12 to 18 months. Regular independent reviews are critical to maintaining compliance with Washington State Department of Financial Institutions (DFI) guidelines. Failure to adhere to the required testing intervals is one of the most common citations found during a Washington state DFI audit.
As a Compliance Officer, AMLCO, and NMLS-Licensed Loan Processor, I have navigated four Washington State DFI audits and experienced firsthand the challenges of securing independent testing for my own AML program.
Recognizing the significant need for affordable, high-quality independent review, testing, and ongoing training, I founded Sound Mortgage Compliance to help Washington State mortgage brokers stay prepared. My goal is to provide proactive compliance solutions that empower brokers to meet regulatory requirements with confidence and peace of mind.
Policy & Procedure Development + Annual Review & Update Service – $200
Let Sound Mortgage Compliance help you develop policies and procedures that ensure compliance with both state and federal requirements.
As a Compliance Officer, and NMLS-Licensed Loan Processor with over 15 years experience , I understand what it takes to create effective compliance policies and procedures. I specialize in developing the necessary documentation to help mortgage brokers stay prepared and fully compliant for Washington State DFI audits. With my expertise, you can confidently meet regulatory expectations and avoid common compliance pitfalls.
Washington State DFI Audit Preparation ✅ $150 – Includes 3 hours of consulting & document preparation ✅ $50 – Each additional hour, if needed
With our expertise and experience, we can guide you through a Washington State DFI audit smoothly and efficiently. Let me assist in preparing and organizing the required materials to simplify the audit process, allowing you to focus on what you do best: closing loans!