Phantom AML Alerts: Dealing with the Stuff of BSA Officers’ Nightmares

For many Bank Secrecy Act officers and their boards of directors, the thing that haunts their dreams most is their examiners finding some suspicious transactions that should have been investigated, but weren't. If such transactions are found, what typically follows are two questions along the lines of: Why weren't these transactions identified by the institution [...]

By |2020-02-11T18:18:39+00:00February 11th, 2020|Bank Secrecy Act/Anti-Money Laundering, Blog, Compliance Tips|Comments Off on Phantom AML Alerts: Dealing with the Stuff of BSA Officers’ Nightmares

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)
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