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| Our Solutions > BSA Compliance Tools > Anti-Money Laundering |  Anti-Money Laundering
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Detection of suspicious financial activity is a key requirement in today’s financial services industry. Wouldn’t you like to have an automated system that takes over this time-consuming chore and compiles the results into standard reports, ready for an examiner’s audit? Banker’s Toolbox BAM™ is the answer — proven and affordable.
Affordable and Proven Money Laundering Detection and Reporting
- Set up the software once and it continually monitors suspicious transactional activity, including cash, wires, monetary instruments, ACH, POS, and ATM transactions.
- Exceed your examiners’ expectations through BAM’s™ automatically generated, frequently-used standard reports and proven rules.
- Your research staff can quickly zero in on structured transactions and high-risk activity based upon unusual amounts, frequency, velocity, and deviations from historical norms or peer groups.
- Manual tasks are automated and streamlined by the integrated system, including CTRs, SARs, OFAC, and 314(a).
- Quickly customize the software to address your institution’s unique requirements.
- Proven successful in financial institutions nationwide under the highest level of regulatory scrutiny, ranging in size from de novo to over $100B in assets.
- Developed by bankers, BAM™ uses the same core technologies as solutions costing 5 to 10 times as much.
BAM® is the proven end-to-end solution for monitoring and reporting suspicious financial activity.
BAM™ enables you to aggregate, compile, store and analyze data; identify high-risk and potentially suspicious activities; share notes and automatically file a SAR; keep track of filed SARs and store records of high-risk customers — all within a single, easy-to-use interface.
From detection to reporting, BAM™ automates your entire compliance effort, saving valuable time and resources, while assisting your organization with a BSA and AML compliance program that is comprehensive, proactive, flexible, and efficient.
BAM™ Step-by-Step
Standard Rule Templates
BAM® includes standard rule templates that provide you with comprehensive anti-money laundering capabilities along with the flexibility to customize the identification of high-risk accounts to fit your unique customer base.
SAR Manager
Generate SARs automatically from BAM™ into an electronic file for storage and reporting purposes. Customer information automatically populates the fields in the SAR form.
Management of Cases
Research staff can take notes or attach documents to a customer or account during the research process for easy reference. Managers can review the work of research staff through a two-tiered approval process. Compliance with the BSA record keeping and storage requirement has never been easier.
Automated Risk Rating
BAM™ provides an automated BSA risk-rating functionality that enables consistent and transparent enterprise-wide risk rating of customer accounts based upon product, location, business and customer type, and transactional activity.
Contact Us Today.
A comprehensive BSA/AML program doesn’t have to be complex or expensive. When you partner with Banker’s Toolbox,™ you can be assured of proven performance and top customer support. Contact us today to see how easily BAM™ can be integrated into your existing core processing system. |
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Guadalupe National Bank's Success Story