The AdvisX blog.

Basketballs and Waterfalls: Optimizing Your AML System

A version of this post was originally published on CU Insight. Congratulations! You’ve just been made head coach of a major college basketball team and are now responsible for improving their ranking. All anyone will tell you is the number of wins and losses from last year. Based on this information alone, you have one mission: [...]

By |2016-08-15T15:38:22+00:00August 15th, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|0 Comments

FinCEN's Top 3 Money Laundering Concerns

The fight against money laundering and terrorist financing in the U.S. is an ongoing and evolving battle. That’s why every year FinCEN produces a new National Money Laundering Risk Assessment from the Department of the Treasury. In an analysis of more than 5,000 law enforcement cases and financial reports from both the private and government [...]

By |2016-08-08T08:00:22+00:00August 8th, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|0 Comments

Three Steps to Give Your AML Validation a Tune-Up

This post was originally published by CU Insight. Everyone who drives a car knows that the cost of ownership doesn’t end when you walk out of the dealership with the keys in your hand. Cars require constant care and tuning up (not to mention that dreaded emissions test every year). Similarly, your anti-money laundering (AML) system [...]

By |2016-08-01T17:00:41+00:00August 1st, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|0 Comments

The Secret BSA/AML Weapons of Smaller Financial Institutions (Part 2)

The ever-increasing importance of a robust BSA/AML monitoring system has become more than clear in recent years. However, an all-encompassing monitoring system often feels beyond the reach of the smaller financial institution. Resources are finite, and some institutions are left floundering when attempting to cover all their bases. What must your small financial institution do to [...]

By |2016-06-13T07:00:57+00:00June 13th, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|0 Comments

The Secret BSA/AML Weapons of Smaller Financial Institutions (Part 1)

The ever-increasing importance of a robust BSA/AML monitoring system has become more than clear in recent years. However, an all-encompassing monitoring system often feels beyond the reach of the smaller financial institution. Resources are finite, and some institutions are left floundering when attempting to cover all their bases. What must your small financial institution do to [...]

On AML Rule Arrays, Fire Pit Pagodas and Other Things You Don’t Want to Build “Off the Cuff”

Originally published on CUInsight.com. In case you're wondering what a fire pit pagoda looks like... Have you ever built something from scratch? I mean no plans, nothing—just pulled an idea out of the air and went for it? I have, and let me tell you, it takes an amazing amount of time and [...]

By |2014-12-07T21:43:51+00:00December 7th, 2014|Blog, Compliance Tips|0 Comments

3 Common Mistakes Seen in AML Validation

Everyone who has a lawn knows that the cost of enjoying said lawn doesn't end when you plant the grass seed. Yards require consistent watering and mowing (not to mention weeding and fertilizing). Similarly, your anti-money laundering (AML) system can’t be merely implemented and then left to its own devices. These systems also require constant [...]

By |2014-07-21T14:27:33+00:00July 21st, 2014|Blog|0 Comments