On January 1st 2017 New York State’s Department of Financial Services (DFS) Part 504 went live. This rule provides a clarification on how OFAC and other lists are screened and how transactions are monitored. The impacts of this rule may […]
Transaction Monitoring
What is a currency transaction report? When thinking about how financial institutions function, it is crucial to understand the concept and purpose of a currency transaction report, otherwise known as a CTR. A currency transaction report is a report made […]