Case Study: Sunrise Banks centralizes multi-charter BSA monitoring with Banker's Toolbox BAM

BAM Helps Holding Company Monitor Three Banks in One System

Sunrise Banks, a $750 million holding company in St. Paul, MN with three separate charters, needed a better way to monitor customers and accounts across all of its institutions. As BSA Officer Tana Rugel explained, the bank needed a single viewpoint to research relationships and activity across multiple charters while maintaining the highest compliance standards. Sunrise Banks turned to Banker's Toolbox and its BAM BSA/AML management system to address the challenge.

With BAM, Banker's Toolbox centralized monitoring into one database, giving Sunrise Banks a single point of reference across all three institutions and helping streamline training and procedures. The system also supported peer group analysis, stronger risk assessments, and better detection of shell companies, structuring, money laundering, and fraud. As a result, Sunrise Banks was able to simplify centralized monitoring and manage multi-charter compliance more effectively.

Sunrise Banks

Tana Rugel

BSA Officer