CLAMP
Alert review and threshold setting are two tasks found within this sunny CLAMP box.
What is yellow?
This tool will be your best friend to get your money back after a long week of travel.
What is Workday Expense?
This build up of transactions across multiple days that when aggregated would cross the reporting threshold is the most common money laundering scheme.
What is structuring?
Design and Development, Input Processing, and Performance are components of this AML solution originated by John Epperson.
What is AML model validation?
Local offices often participate on this temporally named event which offers discounts on alcoholic drinks such as beer, wine, and cocktails.
What is Happy Hour?
If I'm a blue box expert, this is my specialty.
What is CIP; CDD; EDD; Customer Risk Rating; High Risk Customer Identification/Management, etc.?
This practice of charging fewer hours than worked in DTE is a BIG no-no.
What is eating time?
After this period of time, it's safe to no longer retain records.
What is 5 years?
This solution will put your BSA program on the road to success.
What is PAR? (also acceptable: what is a BSA/AML Audit?)
This cocktail, first developed and named in the 19th Century consists of sugar, bitters, whiskey, and citrus
What is an old fashioned.
This green box component ensures a complete audit trail of investigation records and proper compliant prioritization.
What is case management?
This popular corporate credit card is available to all Crowe employees for business travel.
What is Diners' Club?
This alert triggering scenario monitors activity for repeated high usage and paydown of a credit card account.
What is bust out activity?
This regulatory guidance provides the structure for our BSA audit workpapers.
What is the FFIEC Manual?
This popular liquor derives its flavour from Juniper Berries
What is Gin
This challenging component of CLAMP will cause a BSA officer to be red in the face.
What is single customer view?
Not using competitor products, parking in visitors spaces or using WiFi for personal use are all part of what set of social protocol.
What is client etiquette?
Not to be confused with what you may/may not expense, this requirement to collect information on funds transfers > $3,000 is also known as this.
What is the travel rule?
49 other states do not abide by DFS 504, but this state does
What is New York?
This fortified wine is produced in the Douro Valley of Portugal
What is the port
Laying the groundwork for the CLAMP framework, this outermost ring that affects the entire institution is titled what?
What is enterprise foundation?
While contextually different than a marathon, this exercise may make you a frequent flyer.
Mileage Run?
Earth Day regulation and the Bank Secrecy Act share a birthday in this year.
What is 1970?
Regulators expect Financial Institutions to use this method of ensuring their BSA program is commensurate with the customers, products, services and geographies of their organization.
What is a risk-based approach?
This American Whiskey Variety is named for the former ruling family of France.
What is Bourbon?