Transaction Reviews and Investigations

Apply optimal methods to efficiently analyze any period of prior activity for identifying OFAC, BSA/AML, 314A or other concerns.

Benefits:

  • Provide assurance by detailed review of prior business activity that your organization was consistently applying procedures for your compliance with OFAC, BSA/AML and 314A.
  • Identify and address any instances of non-compliance for the remedial actions required.
  • Collaborate with your staff and any Regulators to ensure required goals are met.
  • Expedite Case Review and related quality assurance.
  • Prepare findings for required Suspicious Activity Report (SAR) filings.

Service Description

Financial Institutions that face the arduous process of a transaction lookback will encounter numerous challenges in an undertaking that is typically long and labor-intensive. Whether the basis for a review of previously completed transactions is voluntary, or due to regulator requests, Telavance professionals can help you efficiently and accurately complete what is always a task difficult to manage and complete. Our team can assist from the inception, with identifying and compiling relevant data, the investigation and vetting of transactions, up to and including preparation of SAR Reports. Using their experience, our Case Analysts will apply the correct thresholds and scenarios for proper decisions as to whether a transaction is suspicious or reasonable. We will also consider your compliance policies, Case Routing and Approvals processes, as we work diligently to complete your project within the estimated timeframe. Constant dialogue and status updates with your staff keeps you aware of progress towards the goals you must achieve.