Banker's Toolbox customers can take advantage of specialized BSA/AML risk assessment, policies, procedures, program development, training, and monitoring services. The consulting team handles projects concerning banking operations, compliance programs, policy and procedure development, and process review. Other notable services include OFAC risk assessment and identity theft program development.

BSA/AML Monitoring Offers outsourced BSA/AML Monitoring services for those institutions that have very limited resources or cannot afford to hire full time Compliance or BSA personnel. For those institutions that have very limited resources or cannot afford to hire full time Compliance or BSA personnel, Banker's toolbox consulting offers outsourced BSA/AML Monitoring services.  This service requires us to interface with your institution through the BAMTM software to monitor your transactional data for money laundering, terrorist financing, and other financial crimes. Monitoring of ACH, ATM, Wire, Cash, and Monetary Instrument transactions, identification of suspicious activity, and research to determine if a SAR is warranted.   Once guidelines are mutually agreed upon, Banker's Toolbox will draft SARs and forward them to the institution for final disposition.    Banker's Toolbox will conduct all FinCEN 314a searches, research results with your institution, and forward the results to you for reporting to law enforcement. On request, we can perform quarterly or semi-annual reviews for high risk customers (or others that are required to have enhanced monitoring).  The results will be provided to you in a summary report format. For institutions that have not risk-rated their customer base, Banker's Toolbox Consulting can establish the risk-rating parameters (with Institution's approval) on Banker's Toolbox RBRR system. Banker's Toolbox can also perform regular reviews of your Risk Assessment, make modifications/adjustments to RBRR, and help to prepare your Board reports. Contact Us today for more information.

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