AuditLink Daily Log Management

This series of activities provides full daily and monthly performance and monitoring of tedious activities that your credit union performs to ensure compliance including:

  • Bank Secrecy Act Report (BSA) review for completion and accuracy
  • Currency Transaction Report (CTR) review for completion and accuracy
  • BSA weekly review to identify evidence of structuring with recommendations for SAR report if needed

 

  • Wire transfer log review with Suspicious Activity Reporting (SAR) recommendations
  • OFAC report creation and recommendations for internal review
  • Review and reporting of employee accounts for identification of suspicious activity
  • Dormant account activity and transaction verification
  • Monthly preparation of Executive Summary outlining monitored activities and findings
  • Monitoring of teller activity to identify suspicious activity such as reversals involving cash
  • High-risk account reporting

 

Any of these services may be contracted separately as an individual service.  Contact us to request a personalized cost proposal based upon your credit union’s specific need. Popular periodic activities enlisted on a per-piece basis include Dormancy Account Activity Monitoring and Employee Activity Audit Review.

Since signing on with AuditLink 2 years ago, Northern Hills FCU has saved thousands of dollars in compliance and audit services. AuditLink performs the daily log management and saves us time by helping us concentrate on only those transactions that require further scrutiny. They help us keep pace with the regulatory changes on the horizon and provide valuable advice about potential changes we need to implement.