Premium Products / Personal Service
Cash Transaction Monitor
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.
Automates the Enhanced Due Diligence process and clearly documents the derived results.
Automates the generation of CTRs and SARs.
No limit on the number of users.
Fast, friendly and professional support from some of the best BSA experts in the business.