Canarie AI

31 CFR Chapter X

BSA/AML Compliance Execution for Regional Banks

The Bank Secrecy Act requires financial institutions to maintain comprehensive anti-money laundering programs. Canarie helps you execute BSA/AML compliance through automated workflows for customer identification, enhanced due diligence, transaction monitoring, and SAR filing, with complete evidence capture. Specifically tailored for the compliance requirements of regional banks.

More for Regional Banks

Key Requirements

1
Customer Identification Program (CIP)
2
Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
3
Transaction monitoring and suspicious activity detection
4
Suspicious Activity Report (SAR) filing
5
Currency Transaction Report (CTR) filing
6
BSA/AML training program
7
Independent testing and audit

Regional Banks Compliance Challenges

Multi-state regulatory complexity
Coordinating compliance across business lines
Scaling compliance with growth
Managing multiple examiner relationships
Consistent policy implementation

How Canarie Helps Regional Banks

Automated Workflows

Recurring BSA/AML Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Civil money penalties up to $1M per day
Criminal penalties including imprisonment
Cease and desist orders
Consent orders with corrective action requirements

Frequently Asked Questions

Automate BSA/AML Compliance Execution for Your Regional Bank

See how regional banks execute compliance with confidence.