Case Study

Case review for a large regional bank under formal action with its regulator

A large regional bank contracted with AML RightSource to provide, among other things, a review of cases for disposition while the bank was under a formal action with its regulator. AML RightSource analyzed each case and determined whether the case contained potentially suspicious activity that warranted the filing of a Suspicious Activity Report (“SAR”) with the Financial Crimes Enforcement Network. The bank’s regulator saw no issues with the work completed. After completing the case review, AML RightSource continued to provide the bank with ongoing case disposition work as part of the bank’s Business as Usual ("BAU") process.