Case Study Adopting an Intelligent Approach Industrial Bank uses Verafin’s next-generation software to erase BSA compliance and AML worries. Business Challenge In 2006, Industrial Bank decided to install a rules-based software solution to help them automate their manual BSA and AML processes. After three years, Staria Williams, AVP & BSA Officer, felt the institution needed something more powerful. “We were told by independent auditors and our regulators that our BSA program needed to go a little more in depth — it needed a little bit more teeth. I am a single-person department and the old software that we were using generated a lot of reports. I had to review seven or eight reports at the end of the month and personally make the connections between the individual activity in the r

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