Ongoing monitoring is a critical component of anti-money laundering (AML) practices. It involves the continuous review and assessment of transactions and account activities to ensure that they align with known customer profiles and to detect any suspicious or unusual activities. This process helps to identify potential money laundering or terrorist financing activities that may arise after the initial account setup and verification.

If your account and reports currently do not have ongoing monitoring enabled, it is important to activate this feature to ensure compliance with AML regulations. To activate ongoing monitoring, please contact your Checkboard account manager. They will assist you with the activation process and ensure that your account is set up correctly.

For any additional questions or support, feel free to reach out to us at [email protected]. We’re here to help!