Transaction Monitoring

Volopa can now onboard a large number of customers in seconds, compared to a previous average of 1½ to 2 hours per customer.

The speed and ease of integration allowed Finiata to start managing their risks more quickly and efficiently.

Transaction monitoring, and therefore AML transaction monitoring thresholds, are fundamental components of the risk-based approach to anti money laundering that banks and financial institutions in jurisdictions across the world are required to implement. When customers engage in activity that appears […]

As financial institutions (FIs) face increasingly sophisticated methods of illicit activity, effective anti-money laundering (AML) transaction monitoring systems are crucial for detecting and preventing suspicious transactions.  This article considers the intricacies of AML transaction monitoring, looking at its significance, how […]

Our focus at ComplyAdvantage has always been to ease the operational burden of AML compliance for our users, by offering a suite of configurable cloud solutions that leverage real-time risk insight. As we move forward, we thought it was about […]

As financial services integrate with ecommerce technologies, criminals find new ways to exploit online payment infrastructures and disguise their illegal funds. An emerging trend amongst online criminals, transaction laundering represents a digital evolution of traditional money laundering that has, until […]

When financial institutions detect suspicious transactions, it is their duty to report them to the authorities. This is done in order to prevent potential criminal behavior, such as money laundering or the financing of terrorism. In most countries, the reporting […]

The term advisory is misleading. Compliance is about going beyond the minimum standard, so for a company to ignore guidance from an advisory body is misguided at best. Take the Advantage If you disagree just imagine the following scenario. Your […]

When it comes to choosing anti-money laundering (AML) transaction monitoring solutions, companies often face the dilemma of whether to build an in-house system or purchase a pre-existing one. This decision is crucial because it directly impacts firms’ risk management, compliance, […]

1. Case Management and Audit Trail How easy is it going to be to escalate alerts to more senior staff members, add comments, add attachments and have an audit trail of all activity? Any transaction monitoring system ought to be […]

Transaction monitoring is challenging.  Suspicious activity for one customer is normal business for another. Typologies change constantly, false positives dominate compliance teams’ workflow, and the risk of missing something looms large. Commercial pressures around expansion and rapid growth are at […]

Anti-money laundering transaction monitoring, also called AML transaction monitoring, allows banks and other financial institutions to monitor customer transactions on a daily basis or in real-time for risk. By combining this information with analysis of customers’ historical information and account […]