Anti-money laundering (AML) monitoring programs are essential to banks, but it’s easy to fall behind with staffing challenges, precipitating events, and seasonal fluctuations. If you can’t keep pace with the changing tide, there’s often a need for additional support.
Trouble might be around the corner when you don't have the staff to monitor and report efficiently and accurately. Maintaining current operations and managing a surge in reviews can become difficult, and lookbacks might be on the horizon.
If organizational growth is the goal, you don’t want process shortcomings to hold you back.
Strong support and efficient systems can make sure you’re covering increasing alert volumes and regulatory needs. They can also position your organization for future sustainability.
Staffing challenges, new system implementation, and transaction swings can drastically shift the needle on reviews. That’s why your solution for tackling alerts and monitoring spikes and lookbacks doesn’t end at staff count.
An experienced, outsourced review team can analyze and assess your situation to support continued stability.
Qualified reviewers with enhanced processes can do more than get your monitoring caught up. With their help, you can seamlessly bolster current state processes and systems and prepare for future needs.
Our services can help you intelligently navigate regulations and prepare for future resilience.
We’ll help you look at your processes and requirements and develop a cost-effective plan to get back on track.
We scale our workforce to your bank’s unique needs. This includes onshore and offshore delivery models so you get the help you need within your risk and cost allowances.
We’re able to assess and integrate quickly. You can address immediate staffing and reporting needs as we swiftly become another member of the team.
Next, our technology accelerators come into play, from dynamic questioning tools to advanced bots. These process enablers will get you running even faster and more efficiently.
We're ready to meet your workforce needs, but we aren't just offering extra hands on deck. You can get the appropriate amount of help from our seasoned staff that has done these jobs before and knows how to do them right.
You’ll get accurate, consistent reviews that can help you move faster without rushing. This quality can drive down unnecessary escalations, allowing you to focus attention only where it’s needed.
Maybe things have already gone a step too far, and regulators have reached out. Nobody fits an AML lookback into their plans, but you don’t have to dread the process.
Your everyday operations don’t have to suffer when making room for a lookback. We’ll be at your side to help you show regulators what they need to see.
The same core principles that apply to navigating spikes will help you approach the steps for a lookback:
You’ll have a charter that you can stand behind. The draft should encompass relevant customers and transactions, and how you’ll comb through the information.
You can save vital time sifting through mountains of important data points as our team seamlessly integrates into the process.
You can stay on course with your plan as we help guide you through the steps outlined in the charter.
You can be confident in your answers. Our experienced team can aid you in understanding the data and how to best present it to regulators.
Acting fast is important when risks are growing. Contact us to see how our intelligent, flexible solutions can strengthen your approach and position you for the future.
Our outsourced review team knows the pressures that come with staffing shortages, and after our initial assessment, we’ll also have insight into how you can negate them. We can work with you to craft a solution to overcome your growing review work.
Let’s talk about your staffing and monitoring goals and how we can help you achieve them.