BSA/AML: Manual Monitoring Systems

When it comes to monitoring for suspicious activity as part of your BSA/AML program, your institution’s size and complexity generally play a role when determining whether you can/should use manual monitoring processes or a more advanced software-based system that might utilize artificial intelligence. No matter which type of monitoring your institution uses, however, you won’t find a one-size-fits-all approach. Since each institution has its own set of unique risks (customer base, geographic location, etc.), their monitoring systems will be unique as well.

Kevin explains more in the video.

Ready to learn more? JOIN US for our webinar, “All About Suspicious Activity Monitoring & Reporting.” Featured topics include:

• New FFIEC BSA/AML Exam Manual Updates: What You Need To Know
• Suspicious Activity Monitoring & Reporting Systems
• Types of Suspicious Activity & Reporting Triggers
• Decision Making & Timing Requirements
• Form Completion Best Practices & Quality Control
• Program Management & Board Notifications
• Continuing Activity
• Record Retention
• Confidentiality & Consequences of Non-Compliance

Published
2022/06/16