We only send and receive wires for customers. Our customers have already been screened.
But, I also download on a monthly basis all transactions from the account statements with tran codes for wire credits and debits into an excell spreadsheet. The spreadsheet contains a rolling 9 month wire transaction activity. This spread sheet is sorted by account number and by date. This shows by account all incoming and outgoing wires and the date and amount. A review of this spreadsheet will show suspicious activity. One drawback is it does not show originator or benefinicary depending of type of wire.
I also download daily cash trans into a separate spreadsheet that has a 9 month history by account number.
The examiners have stated that it is the best monitoring that they have seen.