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#1796788 - 03/20/13 07:50 PM BSA Automated systems
C-Officer Offline
New Poster
Joined: Jun 2010
Posts: 4
Our bank is looking into purchasing an automated system to help with BSA review, documentation, high risk customer review etc.

One of the companies that provided a demo is from Bankers Toolbox, "BAM", Bank Secrecy Act, Anti Money Laundering Mangement systems.

Does anyone use this system currently and if so what do you think of it?

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#1796797 - 03/20/13 07:56 PM Re: BSA Automated systems C-Officer
Lilly C Offline
100 Club
Lilly C
Joined: Dec 2004
Posts: 209
Sunny Florida
We just purchased BAM and I am very happy with it. They were very helpful throught out the process and practically held my hand all the way. It's cutting down on monitoring time for me. We were completely manual before this. I highly recommend it.

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#1796808 - 03/20/13 08:10 PM Re: BSA Automated systems C-Officer
C-Officer Offline
New Poster
Joined: Jun 2010
Posts: 4
Thank You. I do all of the monitoring manually as well right now. The demo made it look really good, but I wanted to check with someone that uses it and has gone through the setup to make sure.

I appreciate your input! smile

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#1796815 - 03/20/13 08:22 PM Re: BSA Automated systems C-Officer
Lilly C Offline
100 Club
Lilly C
Joined: Dec 2004
Posts: 209
Sunny Florida
Before we went with them I got quotes and demos on Patriot Officer, Yellowhammer and Verafin.

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#1796816 - 03/20/13 08:25 PM Re: BSA Automated systems Lilly C
Rubaiyat Offline
Diamond Poster
Joined: Jun 2001
Posts: 1,373
Lido Deck
I've been using BAM for years and just extended our contract. I've been very happy with it and our examiners like it as well. Customer Support is great.
_________________________
--A bad day at sea is better than a good day at work.

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#1796827 - 03/20/13 08:43 PM Re: BSA Automated systems C-Officer
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
I'll chime in for BAM! Same basic comments as Florida Babe. Relatively easy to implement, easy to use, gives me a lot more stuff than I had before, though you always have to be cautious (no matter what product) of overloading on information.
_________________________
I hear and I forget. I see and I remember. I do and I understand.--Confucius

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#1796834 - 03/20/13 08:53 PM Re: BSA Automated systems Doug Hendrickson
Cape Codder Offline
Gold Star
Joined: Jul 2011
Posts: 413
I'm a Patriot Officer fan myself. We've been using it since 2009 and have no reason to consider another vendor.
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Nothing difficult is ever easy.

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#1796853 - 03/20/13 09:10 PM Re: BSA Automated systems C-Officer
Tater Offline
Platinum Poster
Joined: Jan 2006
Posts: 607
Missouri
We use BAM too and couldn't be happier!
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Born once? Die twice.
Born twice? DIE ONCE!

Loan Review, HMDA, ALLL

Opinions are my own and do not reflect any others

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