Monitoring
AML and offsite monitoring
The bank’s AML rules run over its transactions every day and carry each hit through review to a CTR, STR or CBWTR filing with FIU-IND, while offsite rules watch the book between branch visits.
AML transaction monitoring
An optional rule library for CTR, CBWTR and STR reporting.
An optional module with a rule library for cash (CTR), cross-border (CBWTR) and suspicious-pattern (STR) reporting, run on the Core Banking System’s transactions, with a watchlist the bank imports. Hits are raised as alerts for review and grouped into cases. Escalation starts the seven-working-day filing clock, and FIU-IND filings are prepared from the case. A Suspicious Transaction Report stays invisible to anyone not cleared to see it.
- 01
CTR, CBWTR and STR rules
Cash, cross-border and suspicious-pattern rules on the bank’s transactions.
- 02
Watchlist
Imported by the bank and checked alongside the rules.
- 03
Alerts and cases
Alerts reviewed and grouped into cases, with a reason for every decision.
- 04
FIU-IND filing
Filings prepared from the case; CTR and CBWTR in monthly batches.
- 05
Confidential STRs
Absent, not merely hidden, for anyone not cleared to see them.
- 06
Optional
Switched off, its screens and jobs don’t exist for the bank.
Offsite monitoring
Rules check the core’s data between visits.
Between visits, rules check data from the Core Banking System: standard loans overdue past the limit but not yet classified NPA, loans long past maturity, accounts drawn beyond their limit, KYC older than its risk category allows, and activity on dormant, frozen or closed accounts. Exceptions are graded, routed to the right level by a distribution matrix, rectified by the branch, and accepted by the region or Head Office. Offsite monitoring works with or without the AML module.
- 01
Advances
Overdue standard loans not yet NPA, and loans long past maturity.
- 02
Deposits
Accounts beyond their limit, and activity on dormant, frozen or closed accounts.
- 03
KYC
KYC older than its risk category allows, and activity on pending or rejected KYC.
- 04
Graded exceptions
Each exception graded high, medium or low, and raised once.
- 05
Distribution matrix
Routed to the branch, region or office that owns it.
- 06
Rectify and accept
Rectified by the branch, accepted by the region or Head Office.
Every module in monitoring
Each module, grouped by the work it serves.
- Transaction monitoringThe bank’s rules over its transactions, swept every day.
- Cases and filingAlerts grouped into cases, reviewed, approved and filed with FIU-IND.
- CTR and CBWTR batchesMonthly cash and cross-border reports, confirmed and filed.
- AML reviewEach branch’s next-morning review of its own alerts.
- Offsite monitoringExceptions in the book between visits, by severity and age.
Book a demo
See it on your bank’s audit calendar.
Each bank signs in to its own on-premise install. Demos are arranged through our sales team, on a structure like yours: your regions, your branches and your audit types.