Setting Expectations for An Independent Review

It’s that time of year, scheduling the independent review. You call your provider, discuss available dates for the onsite visit and request the proposal of a new provider or if your provider is returning, the engagement letter. The proposal or engagement letter will outline the who, why, what, when, and where, much like we see […]

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The Basics of Case Clearing

Overview Many Financial Institutions have installed market-tested BSA/AML Transaction Monitoring Systems to fulfill the requirement to seek out and report on patterns of suspected money laundering and terrorist financing.Β  At the heart of the monitoring activity lies the process of clearing alerts and cases that the monitoring software flags as suspicious, based on the parameters […]

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