To Automate or Not to Automate – That is the BSA/AML Question

Financial Institutions

January 01, 2013
by John Moniak, CRCM

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John Moniak John Moniak, CRCM
Senior Manager - Regulatory Compliance

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We are close to ten years since the enactment of the USA PATRIOT Act and many financial institutions, as well as regulators, are finding that using basic reports from core processing systems is becoming less effective and more cumbersome as people get smarter in how they launder money. Regulators are starting to push smaller financial institutions toward automating the process of gathering the data into a usable report structure.


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Length: 2 pages (PDF 84 kB)



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