Lookback and Remediations

A financial institution with gaps in its AML monitoring may have overlooked suspicious transactions, underscoring the necessity for a lookback project. UpwardIQ will provide this essential service to address the issue.

As part of this review, UpwardIQ will

• Assist FIs to "lookback" at all applicable transactions for a period to see what was missed.

• Assist banks in filing missing currency transaction reports or suspicious activity reports.

• Provide staff with experienced analysts and investigators with lookback and remediation project experience to work on the lookback review.