Lea County State Bank ($225 million asset) successfully implemented Banker’s Toolbox’s Bank Secrecy Act Anti-Money Laundering Management System (BAM). Lea County State Bank was manually completing their Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance reporting. The motivation to change to an automated solution came after a turnover of compliance staff. With fewer staff members to handle the bank’s BSA/AML workload and complete the work in an efficient and timely manner, the need for an automated program that worked well with the bank’s core processor, Harland Financial Solutions’ Phoenix System, increased. (D’dee Sharp, senior vice president and cashier for Lea County State Bank.)
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