Knowledge Base   /   AML Transaction Monitoring

Can Velocity facilitate CTR Reporting?

Posted on 09 February 2022 07:57 am EST

Yes, if any customer is subject to CTR reporting, Velocity’s Transaction and Behavior monitoring module generates alerts, facilitates necessary due diligence, and generates CTR reports in BFIU guided formats. Using the advanced system, the TBMS software helps the customer to manage the complexity by clearly detecting the risk associated with the transactions.