Features

CTM simplifies and automates your BSA/AML compliance obligations.

• On a daily basis, you can quickly identify all aggregate cash transactions that require CTRs.

  • The system automatically aggregates transactions for related accounts (such as husband, wife and wife’s mother).

• On a monthly basis, you can quickly identify customers with unusual/high-risk activity.

  • The system uses data from the prior year, to predict what a customer’s transactions will be this year.

  • Customers with transactions that exceed expectations have a “positive risk finding” (PRF).

  • The more PRFs a customer has, the higher their risk rating.

And that’s not all!

• CTRs, SARs and DOEPs are electronically filed, used FinCEN’s Electronic Batch Filing Protocol

  • Our batch filing procedure eliminates the need to store and manage the FinCEN pdf files.

• The system is great in identifying structuring and laundering transactions–even when the transactions involve multiple accounts and are done over multiple days.

•  It performs 314(a) checks and keeps the results for the required five years.

• CTM can be used to record Monetary Instrument Purchases (MIP).

  • MIPs are  include in the risk analysis procedure–even when done for non-customers.

And, most importantly: the system dashboard reminds you what has been done and what needs to be done.