Workflow Template
AML: Payment Transactions
This workflow template illustrates the back end processing and underwriting of customer payment requests. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand AML: Payment Transaction processes.
Related KPIs : Anti-Money Laundering (AML) Headcount Ratio, Suspicious Activity Reports by Transaction Type, Total Volume: Suspicious Account Activity Investigations
What is AML: Payment Transactions?
The AML: Payment Transactions process involves the back end processing and underwriting of customer payment requests. This process includes customer payment origination, validation of customer identity, customer risk assessment (Office of Foreign Asset Control checks and compliance reviews are conducted on the received payment) and final delivery of payment. If the payment is not accepted, ensure that all pertinent information is recorded before the payment is reported. AML Laws and regulations target activities that include market manipulation, trade of illegal goods, corruption of public funds and evasion of tax, as well as all activities that attempt to conceal such activities.
Download a Sample AML: Payment Transactions
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (info@opsdog.com) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.
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