An AML/CFT program built on the five pillars.

The program is organized around the AML/CFT pillars: internal controls, independent testing, a designated AML/CFT officer, training, and customer due diligence. Oversight gets a clear structure and evidence gets a home.

• 01Evidence is organized around the five pillars.
• 02One program view serves oversight and the exam.

The BSA/AML risk assessment is a living document: material-change detection flags when products, customers, or geographies shift enough to warrant a refresh.

• 01The BSA/AML risk assessment is structured.
• 02Material-change detection triggers refreshes.

AML KPIs are pulled from your transaction-monitoring and case tools through oversight connectors, so board metrics trace back to the systems that produced them.

• 01KPIs are sourced through BSA/AML oversight connectors.
• 02Those connectors include Verafin, NICE Actimize, Abrigo, and Unit21.

The Fraud losses view reads fraud losses from the loss-event register and breaks them out by channel. Each escalated fraud case in the Fraud case log carries a SAR decision that one person recommends and a second person records. Investigation and case work stay in your institution’s monitoring system, and Zovos keeps the oversight record.

• 01Fraud losses come from the loss-event register, by channel.
• 02Two people record the SAR decision on each escalated case.

OFAC sanctions expectations and NYDFS Part 504 transaction-monitoring certification requirements map into the program from the corpus.

• 01OFAC and NYDFS Part 504 are in the corpus.
• 02Both map into the program and its evidence.

The program produces a board report from the same evidence and KPIs, so the AML/CFT officer’s update to the board is generated instead of retyped.

• 01The board report is generated from program evidence.
• 02KPIs and risk-assessment status sit in one place.