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Company and Product Overview The AMLA Doug Keipper, CAMS Banker’s Toolbox = Service! • Services Available from Banker’s Toolbox – Due Diligence process for selection facilitated by a prior BSA Officer, CAMS – Training from CAMS trainers for end users – Consulting Services to help to create your assessments on risk written procedures if needed – Active national and regional user groups to share ideas, impact development, establish best practices and communicate on the private website – Help Desk available 11 hours per day 5 days per week Banker’s Toolbox = Solutions! • Products available from Banker’s Toolbox: – BAM (BSA and SAR Manager) • EDD • QAR • CTR – WirePro Enterprise – Kite and Fraud Manager • Solutions based upon the financial institutions environment (host or teller systems specific) NO redundancy in deliverables which saves bank time and money! Compliance is Made Easier to Reduce Your Time-on-Task • Utilities performed by BAM – – – – – – – – 314(a) OFAC NCCT or other lists CTR reconciliation and/or filing SAR filing and tracking Monetary Instrument Logs Wire Logs Data validation 314(a) OFAC, NCCT and other lists • OFAC • NCCT • 311 lists of sanctioned entities • State Department lists of primary concerns on drug origination countries CTR Reconciliation and Generation Automated Risk Rating • Risk categories based upon – – – – – – – – – Products Market Space Actual Activity Foreign vs. EIN vs. SSN Business Type Past negative behavior HIFCA HIDTA And others….. Banker’s Toolbox Facilitates Monitoring • • • • • • • • • • • • • • Structuring and Micro Structuring Activity not consistent with Customer Profile High Velocity Behavior Spikes in Volume Deviations from Moving Average Wire Activity High Risk countries and entities ATM transactions from foreign countries ACH transactions with unusual trade industry relationships Large Internet bill payments Transfer of funds between related accounts Accounts that involve the same or related principals Transactions conducted by non-customers Seemingly unrelated accounts linked by common telephone numbers or addresses …..and more… Enhanced Due Diligence Module Branch personnel can capture the expected transactional volume for a new account Cash In / Out Wires In / Out Monetary Instrument purchases ACH In / Out ATM Transactions Enhanced Due Diligence Module • ETV Tolerance Report measures deviations against purported transaction volume – User defined minimum tolerance level – Scheduled or on-demand reporting Check Kiting and Check Fraud • Duplicate Checks • Serial (check) numbers out of range • Dollar amount of check deviates from average • Number of checks that deviate from historical activity • Kiting suspects based upon using up to 9 rules to hone in on the true suspects Solutions! • • • • • • • Facilitate your selection process Customize product mix to your needs Assist in implementation Train your staff Create best-practices and procedures Support you by providing on-going assistance Continue to develop products to meet your needs in meeting the rigorous demands of compliance and audits Questions? If you need additional information please contact: Doug Keipper 678-566-3114 or [email protected]