Cash flow monitoring
Legislation and regulations require financial companies to monitor incoming and outgoing cash flows on their clients’ accounts, making it possible to identify any suspicious cash transactions. An alert can be set up in the AIRS PMS Suite to notify professional users of cash transactions that exceed a predetermined amount. The professional user can then investigate the transaction and, if plausible, include an explanation for the money mutation in a comment field.
If a compliance officer or supervisor wishes to carry out an audit, all deposits and withdrawals within a certain timeframe can be downloaded and a report can be drawn up.
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