The Periodic Transactions Review (PTR) is a process conducted in order to strengthen customer due diligence to fully identify and address the AML risk associated to correspondent accounts.
Periodic Transaction Review Team is conducting a review of a Foreign Correspondent Banking (FCB), Affiliate, Payment Intermediaries (PI) and Embassy client's transactional activity.
The Periodic Transactions Report is a part of the Citi KYC renewal process and is used to assist with evaluating the client's AML risk.
The PTR analysis covers three months activity.
Information gathered in the Periodic Transactions Report is used to understand the usage of the correspondent accounts by the clients and the possible associated AML risks while renewing the KYC documents for this client.
It validates the accuracy of anticipated account activity, the accuracy of the risk score associated with the client, and identifies potential risk areas such as nested activity, high risk entities, un...