The AdvisX blog.

The Look-Back Project: An AML Marathon

The annual New York City Marathon is just a little over two weeks away. If you’re planning on running in it, you hopefully began training many months ago. Unless you’ve got some superhuman characteristics, the average person can’t simply run a marathon on a whim, without any training. However, if information comes to light that [...]

By |2016-10-24T10:48:09+00:00October 24th, 2016|Blog|Comments Off on The Look-Back Project: An AML Marathon

Two Years and No SARs/CTRs? Someone May Be Eyeing You as a Weak Link

Yes, summer is already over and fall is upon us. That means sweater weather, changing leaves, and pumpkin spice. But it also means the year is winding down. If it was your New Year's resolution to file at least one SAR this year, time is getting short. And if you still haven't filed any, it [...]

By |2016-09-19T09:20:13+00:00September 19th, 2016|Blog|Comments Off on Two Years and No SARs/CTRs? Someone May Be Eyeing You as a Weak Link

Validation: The Pièce de Résistance of Anti-money Laundering

Originally published on CUInsight.com. Even the best kitchen in the world—equipped with a brick oven, top-of-the-line equipment, and the sharpest knives—can’t turn a bad cook into a great one (even though it could help). The substandard cook still needs to learn some critical cooking skills before the dream kitchen can produce the pièce de résistance. [...]

By |2016-09-06T17:11:22+00:00September 6th, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|Comments Off on Validation: The Pièce de Résistance of Anti-money Laundering

Hey Batter Batter, Swing! Good Training Practices for AML Monitoring

Spring training for Major League Baseball is long over, the regular season is winding down, and playoffs will soon be upon us. Over the course of a long season, the teams that spent their time during spring training actually training and preparing frequently find that it makes the difference between being a playoff contender and an [...]

By |2016-08-22T19:45:13+00:00August 22nd, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog|Comments Off on Hey Batter Batter, Swing! Good Training Practices for AML Monitoring

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|Comments Off on Basketballs and Waterfalls: Optimizing Your AML System

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|Comments Off on FinCEN's Top 3 Money Laundering Concerns

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|Comments Off on Three Steps to Give Your AML Validation a Tune-Up

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|Comments Off on The Secret BSA/AML Weapons of Smaller Financial Institutions (Part 2)

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 [...]

By |2016-05-27T02:27:26+00:00May 27th, 2016|Bank Secrecy Act/Anti-Money Laundering, Blog, Compliance Tips|Comments Off on The Secret BSA/AML Weapons of Smaller Financial Institutions (Part 1)

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