All transaction monitoring (TM) systems are based around a set of rules that are designed to identify suspicious activity that you might need to report to the authorities. How do you know if the rules in your system do their job properly & protect your organisation from being used as a tool for illicit money laundering?
SQA Consulting are experts in using, implementing & assurance transaction monitoring systems & we can assess your TM rules to help you understand if they are fit for purpose. Our TM Rules Review covers three main areas:
TM Rule Design
TM Risk Rule Coverage
TM Rule Effectiveness
To find out how we can help you improve the effectiveness of your TM rules, get in touch via firstname.lastname@example.org
Regulators consider obtaining independent assurance of your TM rules as an indicator of a mature approach.