Braid Compliance Readiness Program (BCRP)
Helping Braid Banks Prepare for Success with Higher-Potential-Risk Customers
Program Overview
The Braid Compliance Readiness Program (BCRP) is designed to support Braid banks in assessing their readiness to onboard and serve higher-risk customer segments. The program focuses on governance, compliance culture, risk management, and operational capacity, ensuring alignment with regulatory requirements.
How BCRP Supports Braid Banks
• Evaluate Readiness: Identify potential gaps in your compliance framework.
• Enhance Risk Mitigation: Strengthen governance and controls to manage the risks associated with Fintechs and MSBs.
• Regulatory Alignment: Ensure your compliance posture is aligned with evolving AML/CFT and Sanctions regulations.
Key Program Features
• Comprehensive Governance Check: Assess Board oversight, compliance training, and risk appetite alignment.
• Compliance Culture Assessment: Evaluate the integration of compliance priorities into organizational decision-making.
• Targeted Recommendations: Receive actionable guidance on improving compliance frameworks to support sustainable partnerships.