transaction monitoring assurance

Home
|
AML Compliance Services
|
TM Assurance

Home
|
AML Compliance Services
|
TM Assurance

Transaction Monitoring Assurance

SQA Consulting are experts in transaction monitoring. We know what good looks like and we can tell you how your TM shapes up.

At SQA Consulting, our team is battle-scarred from implementing, operating & reviewing transaction monitoring (TM) systems & frameworks.

Effective TM is essential to be able to know if your customers are using your services, systems or products for illicit activity. Our team can help firms understand the strengths & weaknesses of their TM systems & the wider processes & controls that should work together to provide a robust control environment.

We use our TM Maturity Model to check how a firm’s TM framework measures up to the benchmarks that a regulator might expect. This includes:

Policies & Procedures
Alert Management, Escalation, Investigation & Workflow
Governance & Management Information
Quality Control, Quality Assurance & Compliance Oversight
Resourcing, Training & Communications
Systems & Business Continuity

TM rules are at the heart of any automated TM system. How can a firm know if their TM rules will protect them & identify suspicious activity? We can produce a heat map showing how a firm’s set of rules measure up to the firm’s financial crime risks.

This will identify risks which aren’t addressed by the rules & rules that don’t address any of the rules. A firm can use this analysis to strengthen the TM rules & reduce irrelevant alerts.

Find out how we can help you with transaction monitoring by getting get in touch at aml-prevention.services@sqa-consulting.com

Do your TM rules and controls mitigate your AML risk?

AML COMPLIANCE
PRODUCTS & SERVICES

ELIMINATOR

AUTOMATED
ALERT PROCESSING

CONSULTING
PRACTICE

COUNTRY
RISK INDEX

CTRP

DATA
PROFILER

DATA
QUALITY

ETHNIC NAME
ORIGIN IDENTIFIER

MANUAL
ALERT PROCESSING

RED FLAG
LIST

REGULATORY
ASSURANCE

SCREENING
ASSESSMENT CENTRE

SCREENING
ASSESSMENT

SYSTEM SELECTION
& TUNING

TM
ASSURANCE

TM RULES
ASSESSMENT

AML COMPLIANCE TESTIMONIALS

"We are delighted with the specialised and professional services Jeremy Round and team provided – the input has been invaluable. We will definitely recommend SQA Consulting and request ongoing engagements with you."

"Thank you very much, your customer and transaction screening report has been very useful for us. Your findings helped us to identify multiple of development items, and we really appreciated your in-depth support throughout the process!"

"SQA Consulting are involved in every decision we make regarding sanctions and PEPs, we couldn't perform with you them"

"Their true area of excellence lies in managing risk pragmatically with operational excellence"

"There is no one more qualified to take us through the intricacies and complexities of screening"

"SQA's vast experience in the sanctions screening environment has resulted in their software being used all over the world "

AML COMPLIANCE NEWS & VIEWS

Know Your Business (KYB) Processes

Posted on January 5, 2022

Similar to the identification and monitoring applied to individual accounts, corporate accounts also require know your client (KYC) practices. In this article, we will

Sanctions and PEP Screening for Challenger Banks and Fintechs

Posted on November 25, 2021

The landscape for banking services has changed beyond recognition in the last few years. The award of the first retail banking license for 100

Commonality of Personal Names in Sanctions Screening

Posted on November 16, 2021

Screening for sanctions names is tricky. As well as people trying to hide their identity by using an alias, names can be presented for

transaction monitoring assurance