Reply To: ALERT CLEARING QC Process

[mdesso]

Hi there – this Megan Desso the Managing Director for Compliance and Regulatory Services at Shatswell MacLeod and Compliance Anchor. Typically it doesn’t matter what system is used, but any alert must be cleared within 30 days of issue. Most of our client banks are under a $2 billion and working with limited staffing resources relative to BSA, as such many of them don’t have a formal QC process, thus they focus on the actual review and process to properly clear the alert. For our larger institution that do have a QC process they are taking a sample of alerts based on volume and performing a secondary review.

Hope that helps!