abrigo.com THE CHALLENGE: RELYING ON A MANUAL BSA/AML SOLUTION AND MISSING POTENTIALLY SUSPICIOUS ACTIVITY Smaller financial institutions often think they can manually handle the daily transaction monitoring required by the Bank Secrecy Act (BSA), but the truth is those institutions are bigger targets for financial crime. As criminals get smarter and use technology to their advantage, smaller community institutions need an automated anti-money laundering (AML) system as much as the larger ones. Additionally, regulatory expectations have risen above the old manual ways. Manual transaction monitoring is time-consuming and leaves too much room for error, allowing nefarious actors to use the U.S. financial system to launder their illicit gains. Staci Angel, Senior V

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