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Four Ways to Celebrate Your AML Wins

Abrigo
September 28, 2018
Read Time: 0 min

Take some inspiration from your favorite football teams and celebrate your AML wins. 

No matter what the temperature reads in your city, as of September 22, it’s officially fall! While we’re not breaking out our sweaters just yet in Austin, TX (did we mention it’s still in the 90s?), we can put on something even better: our favorite football jerseys!

College football is well underway as we head into week five. Whether your team is undefeated or is still trying to get into the swing of things, one thing is certain: college football players know how to have some fun. Nothing is more evident of that than the sideline props teams introduce every year. From Miami’s Turnover Chain to Tennessee’s Turnover Trashcan to Boise State’s Turnover Throne and even Mississippi’s Championship Belt for great offensive plays, college football players celebrate in style.

So, we got to thinking – why should they have all the fun? As BSA/AML professionals, you work tirelessly to protect our financial system – and our communities. That is something really worth celebrating.

Taking a cue from college football, here are four ways you can celebrate your great AML wins all year long:

Beneficial Ownership Belt – It’s been almost a year since the updated CDD rule went into effect. Is your institution properly collecting beneficial ownership information? Grab the Beneficial Ownership Belt and wear it proud, just like they do at Alabama, Colorado State, and Ohio State.

 

Check Fraud Chain – Did you stop a fraudulent check from getting deposited? Did you detect a customer attempting to kite? In an ode to Miami football, put on that Check Fraud Chain and celebrate!

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Regulatory Exam Robe – Did you pass a recent regulatory exam? Or do you have one coming up that you feel ready to tackle? Throw on the Regulatory Exam Robe a la Memphis football and pat yourself on the back!

Transaction Monitoring Throne – Monitoring your institution’s transactions is the cornerstone of any BSA/AML program. We know how arduous a task that can be to do manually. So if you’ve set up an automatic transaction monitoring system, take a seat in the Transaction Monitoring Throne because you’re doing it right!

While all of these celebrations are little over the top, having a strong BSA/AML program isn’t something to joke about. Whether you need help keeping up with the Beneficial Ownership regulations, doing a better job of preventing fraud or need an extra confidence boost heading into your next exam, we’re here to help. From consulting services to fraud prevention to our signature BSA/AML transaction monitoring solution BAM+, we have solutions to help you succeed. After all, we offer success, not just software.

**Do you have a great AML win from your career you want to share? We'd love to hear it! In honor of BSA/AML Professional Day on October 26, we want to highlight your victories in the industry -- and we'll send five entries a Party Pack to celebrate with their office! **

Time to get working on that SAR touchdown dance…

About the Author

Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo’s platform centralizes the institution’s data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Make Big Things Happen.

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About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

Make Big Things Happen.

 

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