Automated Transaction Monitoring – Considerations for System Implementation​

Transaction Monitoring is a core tool in the ongoing fight against financial crime and is critical to ensuring AML obligations are fully met by financial institutions. Automated Transaction Monitoring systems have become a standard feature particularly of retail banks and are used to support the identification of suspicious transactions. They facilitate the processing of millions of transactions enabling […]

Are your Transaction Monitoring Rules Effective & Efficient ?

An effective transaction monitoring (TM) rule will identify suspicious transactions and generate alerts to highlight these suspicions.  An efficient TM rule will generate reasonable volumes of alerts which represent real suspicions i.e. low volume of false positives. How do you measure effectiveness and efficiency rates for your automated TM system rules? A combination of qualitative […]