Funds Transfer Recordkeeping & Travel Rule demo
Wire teams catch wires missing originator or beneficiary data and fix or return them 1:33
What the demo shows
Wire teams catch wires missing originator or beneficiary data and fix or return them
A Field agent reads every inbound and outbound wire of $3,000 or more and judges each field the travel rule requires for meaning, not just presence: “ONE OF OUR CLIENTS” is marked meaningless, an address of “PANAMA” incomplete, while “NA Holdings Ltd” is cleared as a real name. A Disposition agent recommends credit, hold or return from the gap, the correspondent’s record and the recipient’s recent wires, and flags patterns for transaction monitoring without that ever leaving the bank. A Request agent drafts the request to the sending bank on an approved template, keeps the clock, follows up and matches the reply. A Record agent fixes the bank’s own outbound gaps from the core record before cut-off and names the channel that dropped the value. A Trend agent keeps each correspondent’s gap count against the peer median and drafts the input to its due diligence review. A Retrieval agent finds five years of records by name or account in seconds. The analyst signs, the Wire Room Supervisor checks every hold and return, and the BSA Officer approves every early correspondent review.
Transcript
- Funds Transfer Recordkeeping and Travel Rule checks every wire for its required data.
- From three thousand dollars, a wire must carry its originator’s name, address and account.
- Corvane reads ninety-eight hundred wires a day; about seventy arrive incomplete.
- This one, from Panama, names its sender “one of our clients”.
- The field agent marks that meaningless, and the address is just a country.
- Beside it: the sender’s fourteenth gap this quarter.
- The request is drafted; the agents recommend holding the credit.
- Celia sends it and holds the funds. The supervisor approves.
- The trend agent turns fourteen gaps into a cited input for Meridale’s review.
- The BSA Officer moves that review to November.
- Two names on every hold, no referral leaves the bank, records kept five years.
- Seventy gaps a day fixed, zero wires sent incomplete, records found in seconds.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.