Wire Transfer Audit

Neovera Compliance streamlines audits for Bank Secrecy Act (BSA) wire transfers, FedLine wire transfers, and more. We make sure that your processes allow for smooth, safe transactions for any use.

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Our Wire Transfer Review Services

Whether you use them for transactions or facilitating wires for clients, wire transfers are essential. A wire transfer audit evaluates internal processes for wiring and detects inadequacies that impact your business. We perform wire transfer audits and other financial auditing services, such as BSA/AML audits and ACH NACHA evaluations.

Neovera has a tailored audit approach that thoroughly evaluates your system for wiring money. Our wire transfer audit report will include:

  • An itemized summary of every test and evaluation.
  • Any weaknesses or vulnerabilities in your current wire transfer operations.
  • All gaps that could lead to risk exposure.
  • Any steps you can take to reduce malicious or fraudulent transactions.

Once complete, our report summarizes your overall risk level and ranks your company. We use a universal format that makes it easy to read our report and prioritize financial objectives.

Our Wire Transfer Review Services

The Scope of Work

Our professionals have years of compliance backgrounds, so they understand industry requirements and regulations. We have worked with hundreds of financial institutions and enhanced their safety and security.

During our audit, we review:

  • Wire transfer process
  • Wire transfer history
  • Wire transfer policy and procedures
  • Customer agreements and training materials
  • Wire transfer applications

Audits are a staple for any financial company, especially those that:

  • Offer wire transfer or cash management services.
  • Fall under Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), or Payment Card Industry (PCI) regulations.
  • Have had fraudulent, erroneous, or malicious activity within the past year.
The Scope of Work

The Neovera Difference

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We have experience auditing hundreds of financial institutions across the country.

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Our professionals have compliance backgrounds and understand the regulatory requirements.