Politically Exposed Person’s (PEPs), Sanctions and Adverse Media alerts all require rationale to explain whether an alert is a false positive, true match or if further information is required. Investigators will normally have to compare two sets of information and look for differences in order to make a decision, this can only be done by using reliable information and a common-sense risk-based approach. Alert investigations are performed […]
The quality of Anti Money Laundering investigations varies enormously from organisation to organisation. Just to be clear, we are talking about the whole process from the initial analysis of a hit from a screening system or transaction monitoring system, through alert decision making, review, escalation, detailed investigation and ultimately, if necessary, reporting to the authorities. […]
The sole objective of a screening engine is to generate relevant alerts for trained investigators to analyse and decide whether an alert is deemed a false positive or a true match. This article will examine how a Banking corporation’s AML department utilises investigation techniques to resolve compliance alerts whilst achieving quality, meeting productivity, and regulatory […]
