Master Script

Question 1

Tell us about yourself (Paragraph 1)
Intro

Answer 1

A. Name, I have been an AML analyst for 5 years. I am currently with PNC bank
B. I worked in the Transaction Monitoring Operations (TMO) Department
C. We deal with reviewing all types of currency related transactions
1. Excessive cash deposit and withdrawals
2. Excessive ACH/Check deposit and withdrawals
3. High Risk Country Wire
4. High Peer to Peer (P2P) transactions
5. Teller Cash
6. Check deposit
7. Or any transactions that involve cash

Question 2

Tell us about yourself (Paragraph 2)
How I contributed daily

Answer 2

On a Daily basis
1. I receive 7 alerts on average
2. I review about 3-5 alerts in a day.
3. I file around 2-3 SAR’s in a week
4. Most times the alerts I receive are pre-summarized by a third party that provides insight into the account.

Question 3

Tell us about yourself (Paragraph 3)
Types of alerts and how I handle it

Answer 3

Here are some examples of what could be going in customer that can trigger an alert

1. Excessive cash deposits and withdrawals
2. Excessive ATM cash deposits and withdrawals
3. High Risk Country Wire
4. High Peer to Peer (P2P) transactions

• So if the suspicious activity happens only once within the scope of review, then we close it as non-issue.
• However, if there is a recurring incidence. Then we escalate the alert to a case for further review.

Question 4

Tell us about yourself (Paragraph 4)
OFAC and KYC

Answer 4

In Addition, I also perform OFAC Stripping
• I do this by comparing individuals, businesses and investors against OFAC list to ensure these individuals are not on the list for:
1. Money laundering
2. Terrorism Financing
3. Political Exposed Persons (PEP’s)

• I perform KYC to make sure client onboarding is accurately done. I want to know:
1. The expected activities of the account
2. Client’s source of income
3. Client’s Physical Geography

Question 5

Tell us about yourself (Paragraph 5)
EDD

Answer 5

I do Enhance Due Diligence (EDD) for existing and new clients we want to onboard. This is basically confirming the investor’s identity against who they say they are.

Question 6

Tell us about yourself (Paragraph 6)
Software tools

Answer 6

Some of the tools we use include:
(L,A,B,C,I,G,S,Q)
• Lexis Nexis to run background checks
• Actimize Template as the case filing system
• Base to check for other businesses
• Check to search for possible PEP’s and High Risk individuals
• Image soft to pull check details
• Google Search Engine to search for internet information
• Synergy to find out in-depth details of transactions
• Querymart to export data

Question 7

MASTER Script
I, H, T, O, E, S

Answer 7

I: Introduction
H: How I contribute daily
T: Types of alerts and how I handle it
O: OFAC and KYC
E: EDD
S: System Software