Firm: AML & SAR Controls

Firm: AML & SAR Controls

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

  1. # of Currently open/pending AML investigations
  2. # of investigations the firm needs to:
    1. Decide whether or not Firm will file SAR
    2. Firm has stated they WILL FILE SAR, but no 'Filing Date' was entered
  3. # of Previously filed SARs that require the 90 Day Review
  4. # of Restricted Accounts
(Clicking on any will take you to the corresponding report)


Add NEW AML Investigation

  1. A new investigation can be initiated from the Left Menu -or- top of any AML report
  2. Review Date will remain RED until a Closed Date is entered
  3. The "Days Lapsed" count (Between the Review Start and Completed Dates) will change colors as the days pass:
    1. 1-9 days lapsed
    2. 10-19 days lapsed
    3. *20-24 days lapsed 
    4. *25+ days lapsed 
                              *Will appear in the COMMAND CENTER 


Add details, dates, memos

  1. RtClick>Edit any AML Record to update:
    1. Status decisions, memos, details
    2. Keep track of the requests made to Reps & details of what is Pending (optional)
  2. Maintain folder (locally at firm) with emails, supporting documentations, additional memos, etc.

SAR - 90 Day Review

  1. Compass calculates the 90 days, and will appear on the Command Center as well as the SAR report.
  2. Reviewer will receive an email alerting of the 90 days
  3. IF it is determined that the activity continued, Compass calculates the date for the additional filing
    1. Reviewer will receive an email 2 days before due date, if it hadn't been filed

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