Financial Compliance & Investigative Services, LLC

About Us

Financial Compliance and Investigative Services, LLC  (FCIS) is a  professional consulting and advisory service with over 40 years of  experience.  Specializing in assistance to financial institutions, law  firms and accounting firms we provide expert assistance in all matters  concerning compliance with the Bank Secrecy Act, Anti-Money Laundering  laws and Terrorist Financing regulations.  In addition, we have been  providing guidance in every aspect of financial investigations including  white collar crime, criminal and civil tax, forensic accounting,  bankruptcy review, securities and insurance fraud, forfeiture assistance  and support in preparing for litigation and trial.  Our goal is to  provide clients with professional assistance and the best service to  meet their needs. 


PO Box 508, Lafayette Hill, Pa 19444

Call Us at:



Bank Secrecy Act (BSA)- Regulatory Advisory

We assist in understanding all requirements, the basis for the regulations and preparation for regulatory examinations.

Anti-Money Laundering/Bank Secrecy Act Program

Preparation of risk assessments, policies and procedures are essential in establishing the pillars of an effective program.  This includes conducting due diligence, identification of high risk, effective monitoring rules and proper training of employees.

Enhanced Due Diligence (EDD)

Proper customer identification followed by due diligence identifies those high risk customers where EDD is warranted to assess the risk appetite for financial institutions.

Forensic Accounting & Financial Fraud Investigations

Financial crimes are growing exponentially given the growth of technology.  Forensic accounting identifies "who" while linking "when and how".  

Civil and Criminal Tax Investigations Support

Tax investigations are a by product of financial crimes.  Intent is an element of crime that needs to be analyzed along with the complexity and breadth of the actions to determine if criminal prosecution is warranted.

Trial and Litigation Support

In both civil and criminal trials attention to detail is an absolute requirement.  This requires a thorough interview of all witnesses and an understanding of the documents to be presented as evidence.

Managing Director

Joe Salerno is certified in Federal Court as an Expert Witness in Anti-Money Laundering. He has spent more than 35 years in Federal and State law enforcement as well as in the banking industry. Joe has expertise in the analysis of sophisticated financial transactions, strategic planning and development, delivery of organizational policy and problem solving techniques.

For several years Joe was involved primarily in the investigation of organized crime and political corruption focusing on the profits derived from illegal activities and the methods used to launder the funds. He spent 25 years with IRS-Criminal Investigation (IRS-CI) in various positions starting as a special agent and later at supervisory levels with Top Secret Security clearance. In addition, Joe was a member of the Joint Terrorism Task Force involved in almost every type of complex financial investigation possible. Having served more than 20 years in management with IRS-CI, Joe also established a training program that was utilized to train all front line supervisory personnel throughout the country.    

After leaving the government, Joe established an Enhanced Due Diligence program for a large financial institution providing a risk based approach to identify and mitigate issues relating to High Risk customers, products, and services. He also supervised all operations relating to the Bank Secrecy Act and Anti-Money Laundering. Currently Joe provides consultant services to large and small financial institutions in all areas relating to the Bank Secrecy Act as well as to law firms, accounting firms and the Federal Court in areas relating to forensic accounting and fraud.    

Joe is a graduate of Villanova University with a BS in Accounting. Speaking engagements on Anti-Money Laundering, Financial Fraud and Forensic Accounting include the ABA/ABA National Anti-Money Laundering Conference, Washington, D.C.; International Association of Financial Crimes Investigators National Conference and Regional Conferences; Institute for Intergovernmental Research Money Laundering Conference, New York, NY; Better Business Bureau Seminars; Federal Law Enforcement Training Center (FLETC) and State Police Academies. Joe has also coordinated Financial Institution Seminars for Fraud and AML/BSA Officers discussing trends in Fraud, Money Laundering, Regulatory Controls and the Role of the Federal Government Investigations with presentations by US Attorney’s Office, Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigation, High Intensity Financial Crimes Area (HIFCA) Director, Federal Regulators, and Financial Crimes Enforcement Network (FinCEN).  

Helpful Links

Helpful Links for Financial Institutions

  • ABA - American Bankers Association
  • FDIC - Federal Deposit Insurance Corporation
  • FDIC institutions - Provides a search engine to find any FDIC insured institution by region to include their asset size.
  • FED - Board of Governors of the Federal Reserve System
  • FFIEC -  Federal Financial Institutions Examination Council (Exam Manual).   Provides a comprehensive analysis of all areas of review for the  regulatory agencies.
  • FinCEN - Financial Crimes Enforcement Network
  • FINRA - Financial Industry Regulatory Authority
  • MSBs  - Money Service Business Section of FinCEN.  It provides detailed  information on the definition of MSBs, advisory letters and guidance.
  • NCUA - National Credit Union Administration
  • OCC - Office of the Comptroller of the Currency
  • OFAC - Office of Foreign Assets Control
  • World Bank - The World Bank
  • Social Security Death Index  -  contains information on over 80 million deceased individuals with US  social security numbers.  Birth years range from 1875 to last year.   Information includes name, birth date, death date, and last known  residence.

Government Agency Links The agencies listed below can assist in financial crimes, each having their own area of expertise: 

  • CIA - Central Intelligence Agency
  • DEA - Drug Enforcement Administration
  • DOJ - Department of Justice
  • FBI - Federal Bureau of Investigation 
  • FTC - Federal Trade Commission: Identity Theft
  • HIFCA - High Intensity Financial Crimes Area 
  • ICE - Immigration and Customs Enforcement
  • IRS(CI) - Internal Revenue Service - Criminal Investigation Division 
  • SSA - U.S. Social Security Administration    
  • SEC - U. S. Securities and Exchange Commission
  • USPS - US Postal Inspection Service
  • USSS - Unites States Secret Service
  • US Treasury - Department of the Treasury    

Reference Documents The listed sites will provide background and useful reference material for litigation, due diligence and investigations: 

  • Criminal Tax Manual - Provides Specific Information on Criminal Code Sections under Title 26
  • Department of Justice, Tax Division - The home site for the department of Justice Tax Division provides information on scam, schemes and prosecutions
  • FFIEC  Examination Manual- The federal Financial Institutions Examination  Council (Exam Manual) provides a comprehensive review of all areas of  review for financial institutions as conducted by the Federal  Regulators. 
  • GAO Investigator's Guide -  The GAO Investigator's Guide to Sources of Information provides  information relating to Federal, state, and local institutions: public  sources; and the internet
  • Internal Revenue Manual -  Provides access to index and all Parts of the Internal Revenue Manual
  • US Code Search - Office of the Law Revision Counsel allows a specific search of any US Code section including chapter, subchapter and part. 

Contact Us

Financial Compliance & Investigative Services, LLC

P.O. Box 508, Lafayette Hill, PA 19444

(856) 905-0476