TOPIC: Monitoring

Free Webinar | Considerations for Automating AML Monitoring | Earn 1 CAMS Credit

Friday, September 20, 2019
2:00 PM ET / 1:00 PM CT
Presented by Kevin Gulledge, CAMS
Register today! 

Financial institutions have many choices when it comes to AML solutions. These solutions can be very complex in nature, or they can sometimes be very basic. Join us for this free webinar where we will discuss the top issues that bank and credit union management faces when selecting, implementing, and using an automated AML monitoring software solution. We will look at the challenges faced by the financial institutions including discussions about policies and procedures, customer and transactional data, budget constraints, core systems, teller systems and more.
Join to learn:
  • Understand the different types of automation that can support your financial institution’s BSA/AML program
  • Identify common points of failure that institutions may have in implementing a solution along with recommended solutions
  • Explain the implications that your BSA Program and Policies and Procedures may have on vendor or software selection
Save your seat! 

    MSB Security Deposit

    SVP at a bank ($3.3BUSA)
    Would like to get a poll as to what other banks may require to be on deposit when banking an MSB to cover possible chargebacks after or when a MSB relationship ends. We currently have several MSBs that we do not require any sort of deposit and are concerned that should we or the MSB close the relationship, how do we ensure we get covered for any possible chargebacks that may come after the accounts are all closed?


      CDD/EDD Import Export Companies

      VP at a bank ($1.5BUSA)
      I am looking to see what if any CDD/EDD you are doing for import/export companies.  With the Amazon boom and our current influx of businesses stating they are importing and exporting goods we are finding CDD a challenge with our offices.  Several do not have locations as they are operating as brokers.  I am interesting to see if others have had an increase and what, if any, other steps you may have taken to validate that they are importing/exporting items.  
      We do site visits and internet searches on addresses, names, vendors and their websites.