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BSA/AML Compliance Program
American Estate & Trust maintains a comprehensive Bank Secrecy Act / Anti-Money Laundering (BSA/AML) compliance program designed to detect, prevent, and report suspicious activity in accordance with federal and state law.
Governance and Oversight
Our compliance framework protects clients, counterparties, and the integrity of the financial system. It ensures that AET meets its fiduciary obligations as a Nevada-regulated trust company operating under ongoing state supervision.
- Documented risk assessment covering client types, asset classes, and transaction behaviors
- Board-approved policies for AML/BSA, sanctions, customer identification, and recordkeeping
- Annual independent reviews of the AML program and its effectiveness
Core Program Components
Our program incorporates requirements under the Bank Secrecy Act, USA PATRIOT Act, and FinCEN guidance.
Program Pillars
Training and Awareness
Annual employee training covers BSA/AML obligations, OFAC requirements, red flags for suspicious activity, fraud prevention, and escalation procedures.
Independent Review and Testing
Periodic independent audits and regulatory examinations validate the effectiveness of the program. Findings are reported directly to the Board of Directors.
Risk-Based Approach
Resources are aligned with inherent risk profiles. Simple retirement accounts are monitored differently from complex, multi-party investment structures.
Cooperation with Law Enforcement and Regulators
AET provides full cooperation with law enforcement agencies and regulatory bodies as permitted or required by law. Our program is subject to ongoing examination by Nevada state regulators and is designed to meet evolving federal standards.
Our compliance program protects all parties by ensuring that every transaction and relationship meets legal, ethical, and regulatory standards — reinforcing the trust our clients place in us.
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Questions About Our Compliance Program?
