Banking compliance workflow for Tallyfy

Keep customer risk assessments current

Periodic CDD reviews slip when there's no system tracking them. This Tallyfy template guides BSA analysts through account activity review, information verification, and risk rating updates - meeting 31 CFR 1010.230 requirements with proper documentation.

3 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and start a review for each customer, entering their name, account numbers, and current risk rating in the kickoff form

Use Tallyfy's form fields to capture activity patterns, transaction volumes, beneficial ownership status, and updated risk ratings with documented rationale

Track every CDD review in Tallyfy with the next review date captured, so high-risk accounts get quarterly attention and low-risk accounts don't slip past their biennial deadline

Import this template into Tallyfy

Process steps

Review account activity since last review

3 days from previous step

task

Pull transaction history since the last due diligence review. Look for changes in patterns: volume, geography, counterparties. Compare actual activity to expected activity documented at account opening or last review. Flag significant deviations.

Form fields in this step

Activity Consistent with Expected *

Transaction Volume *

Notable Patterns

Verify current customer information

5 days from previous step

task

Confirm customer contact information is current. For businesses, check that beneficial ownership information is still accurate. Request updated documentation if anything has changed. Per FinCEN guidance, beneficial ownership must be updated for any triggering event.

Form fields in this step

Contact Info Current *

Beneficial Ownership Current (Business)

Update risk rating and document review

7 days from previous step

task

Based on your review, confirm or update the customer's risk rating. Document your analysis, any concerns, and the basis for your rating. Schedule the next review based on the risk level. File the completed review in the customer's CDD file.

Form fields in this step

Updated Risk Rating *

Rating Changed *

Next Review Date *