The Importance of Mentorship

In Focus

International ACH Transactions


Does your institution look at all International ACH Transactions (IATs) or is there a dollar threshold that you set?


Hi Sarah,

For you mean screen all IATs against the Office of Foreign Assets Control or review each IAT as an individual transaction?

If it is the first one—yes, IATs should be screened.

If it is the second one—there is no requirement to review each IAT. Your automated anti-money laundering system can have rules established to look at velocity, volume and/or country risk if your institution has enough IAT risk to justify that type of specialized rule.


Sarah Beth Felix (Whetzel) CAMS

*The question and answers found in this document are excerpts taken from the Policies & Procedures Forum. Visit ACAMS forums to read more posts.

Chapter Happenings

ACAMS' Chapter Development Program aims to focus the association's international efforts in anti-money laundering education and training at a regional level. Chapters provide local forums to facilitate discussion, offer education targeting area-specific issues and foster professional networking among ACAMS members.

For more information on ACAMS Chapters please visit the chapters section on or contact our Chapter Relations team at

Understanding Virtual Currencies and Their AML Challenges
June 28, 2018
Greenwood Village, CO, United States

Emerging BSA Issues in 2018
June 21, 2018
Salt Lake City, UT, United States

ACAMS Connecticut Chapter Learning and Networking Event
June 28, 2018
Westport, CT, United States

Singapore Chapter Training Event: Use of Big Data Analytics in Financial Crime Compliance
June 28, 2018

Human Trafficking Panel
June 29, 2018
Omaha, NE, United States

Money Laundering via Cryptocurrencies: Regulatory, Enforcement and Intel Perspectives
July 18, 2018
Washington, DC, United States

ACAMS South India Chapter Training and Networking Event: AML Issues Unique to the Credit Card Industry
July 18, 2018
Gurgaon, Madhapur Hyderabad, Bangalore and Chennai, India

Money Laundering Trends Seminar
July 19, 2018
Troy, MI, United States

Sixth Annual Learning Event on Emerging Payments and Technologies
July 25, 2018
Menlo Park, CA, United States


John J. Byrne's Blog

Leave a Reply