Help customers with all aspects of AML transaction monitoring

During surges in transaction monitoring alerts or specific investigations of high-risk customers, AML RightSource delivers expertise in handling its clients’ required customer onboarding, Know Your Customer risk classification, AML investigations, and documentation processes. Our team performs research, analysis, and investigations and delivers the required documentation for these investigations. Extensive quality control is performed on each work product before it’s returned to the client.


Provide the best AML/BSA analyst team possible

We distinguish ourselves from the competition by giving each of our team members specialized training focused on AML/BSA analysis. We have a proven model for identifying and recruiting bright, motivated, and analytical professionals who are committed to working hard and giving our clients’ the highest quality of work. Our analysts are ready to engage with your project immediately, without disrupting your business or reinventing your processes.

Our Capabilities

Transaction Monitoring, Investigations,
and SAR Capabilities

  • Alert/case backlogs
  • “Business as Usual” staff augmentation
  • Case investigations
  • Suspicious Activity Report (“SAR”) preparation
  • Currency Transaction Report (“CTR”) filing and documentation
  • Watch List Management (“WLM”)
  • Look back and remediation staff augmentation
  • Other miscellaneous project assistance

EDD Capabilities

  • Collection and verification of Customer Information Program (“CIP”) data
  • Collection and verification of Know Your Customer (“KYC”) data
  • Overview of account activity
  • Beneficial Ownership
  • OFAC Screening
  • Verification of customer risk rating
  • Summary narrative of risk profile
  • Risk recommendation (retain, change, terminate)
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Our Process:

Research

Aggregate client data & information necessary to complete analysis, sources from:

CIP/KYC Information

Public Records

Core Banking and Transaction Information

Risk Model Data

ACH & Wire Transactions

Partition and approve client's information and data ready for analysis

Analysis

Review transactional activity and pertinent customer information to render an initial conclusion and narrative on the customer activity.

Make determinations on appropriateness of risk classification reviews and recommendation for further action.

Investigation

Perform sophisticated, in-depth reviews to identify and document the presence of money laundering typologies.

Review the work of the research and analysis teams to determine the adequacy, completeness, and correctness of the investigation and its conclusions.

Quality Control

Upon the completion of the file through the research, analysis, and investigative process, quality control further reviews the file again for completeness, adequacy, and correctness.

Team features several professional writers, ensuring a uniform and professional narrative for each case, SAR, and EDD investigative review.

Transaction Monitoring Case Studies

5,000 transaction monitoring alert adjudication project for a regional bank

5,000 transaction monitoring alert adjudication project for a regional bank

Prior to an examination, a regional bank required AML RightSource's assistance with the adjudication...

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Payment processor needed assistance with a large backlog of transaction monitoring alerts and business as usual alert adjudication

Assistance with large backlog of transaction monitoring alerts and business as usual alert adjudication

One of the largest global digital payment processors engaged AML Rightsource to assist with...

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Case review for a large regional bank under formal action with its regulator

Case review for a large regional bank under formal action with its regulator

A large regional bank contracted with AML RightSource to provide, among other things, a review of cases for disposition while the bank...

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2,000 transaction monitoring alert backlog with a 3 month deadline for a financial technology company

2,000 transaction monitoring alert backlog with a 3 month deadline

A financial technology company required AML RightSource’s assistance to clear a backlog of over 2,000 transaction...

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Current AMLRS client acquired a bank with a higher risk customer portfolio and needed assistance reviewing alerts and creating cases

Assistance reviewing alerts and creating cases

A client of AML RightSource, a regional bank, acquired a bank with a higher risk customer portfolio, including many Money Services Businesses. The bank asked...

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EDD / CDD Case Studies

Enhanced Due Diligence reviews on nearly 30,000 customers during a 12 month period for a large regional bank

Enhanced Due Diligence reviews on nearly 30,000 customers during a 12 month period for a large regional bank

A large regional bank looked to AML RightSource to perform EDD reviews on nearly 30,000 customers during...

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Large super-regional bank could not adequately staff its department of nearly 150 professionals to consistently handle the volume of high-risk customers

Staffing to handle volume of high-risk customers

A large super-regional bank asked AML RightSource to provide ongoing EDD Analysts to conduct EDD reviews as part of its ongoing EDD program...

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Large regional bank outsourced its non-resident alien, non-governmental organization, and alternative investment portfolio of high-risk customers to AMLRS

Large regional bank outsourced customers to AMLRS

A large regional bank with high net worth customers, required ongoing assistance with its EDD program. More specifically the bank outsourced its non-resident alien...

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AML RightSource assists clients of all sizes, nationwide.

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