AML Investigations, SAR Filing/Decisions, & Restricted Accounts
Manually keeping track of AML investigations, SAR filing dates and info, deadlines and the Firm's decision NOT to file a SAR is easier than ever.
Command Center: AML|SAR|Restriction Items for Attention
- # of Currently open/pending AML investigations
- # of investigations the firm needs to:
- Decide whether or not Firm will file SAR
- Firm has stated they WILL FILE SAR, but no 'Filing Date' was entered
- # of Previously filed SARs that require the 90 Day Review
- # of Restricted Accounts
(Clicking on any will take you to the corresponding report)
Add NEW AML Investigation
- A new investigation can be initiated from the Left Menu -or- top of any AML report
- Review Date will remain RED until a Closed Date is entered
- The "Days Lapsed" count (Between the Review Start and Completed Dates) will change colors as the days pass:
- 1-9 days lapsed
- 10-19 days lapsed
- *20-24 days lapsed
- *25+ days lapsed
*Will appear in the COMMAND CENTER
Add details, dates, memos
- RtClick>Edit any AML Record to update:
- Status decisions, memos, details
- Keep track of the requests made to Reps & details of what is Pending (optional)
- Maintain folder (locally at firm) with emails, supporting documentations, additional memos, etc.
SAR - 90 Day Review
- Compass calculates the 90 days, and will appear on the Command Center as well as the SAR report.
- Reviewer will receive an email alerting of the 90 days
- IF it is determined that the activity continued, Compass calculates the date for the additional filing
- Reviewer will receive an email 2 days before due date, if it hadn't been filed
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