Decide STR filings from fully investigated AML alerts

Link each transaction-monitoring alert to the customer's profile, transaction history, beneficial owners and earlier investigations. AML Compliance can close or escalate the alert, and the Principal Officer can decide whether to file a suspicious transaction report with FIU-IND within the deadline.

What this SOP does

Transaction-monitoring alerts are linked to the customer's profile, transactions, beneficial ownership and prior investigations so the AML specialist can decide whether to file a suspicious transaction report with FIU-IND, keeping a restricted evidence trail.

People in the process

AAML ComplianceProcess Owner
TTransaction MonitoringParticipating Team
PPrincipal OfficerParticipating Team

The process is a starting point. The standards are yours.

Configure for the bank or lender’s category, permissions and applicable RBI directions. Outsourcing, customer conduct, recovery and reporting controls use the institution’s approved interpretation and delegated authority.

Keep the work connected.

Legal Recoveries

Choose SARFAESI, DRT or IBC from one enforcement file

When a loan defaults, bring the loan history, executed documents, security, certified statement of account, valuations and disputes into one account file. Legal Recoveries can confirm enforceability and limitation, and the recovery committee can choose the route before any notice issues.

CCRR

Legal Disputes

Defend borrower lawsuits from one approved fact record

When a borrower sues or escalates, reconcile signed terms, account statements, complaint history, notices and staff accounts into one approved fact record. Legal Disputes can track every filing deadline and counsel can plead consistent positions across consumer, civil and DRT forums.

OCE

Recoveries

Release security only after the settlement is fully paid

Track each one-time settlement instalment against the sanctioned amount, schedule and conditions before closing the loan account. Recoveries can withdraw pending cases, release security, return original documents and issue the no-dues certificate only once every term is met.

FLC

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