Anti-money laundering transaction monitoring, also called AML transaction monitoring, allows banks and other financial institutions to monitor customer transactions on a daily basis or in real-time for risk. By combining this information with analysis of customers’ historical information and account […]
On January 1st 2017 New York State’s Department of Financial Services (DFS) Part 504 went live. This rule provides a clarification on how OFAC and other lists are screened and how transactions are monitored. The impacts of this rule may […]
What is a currency transaction report? When thinking about how financial institutions function, it is crucial to understand the concept and purpose of a currency transaction report, otherwise known as a CTR. A currency transaction report is a report made […]
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