AML Solutions

Rapidly increasing risk – combined with evolving government regulations – requires an advanced strategy when it comes to monitoring data for illicit activity. AML System helps you take a risk-based approach, making it easier to manage alerts, test scenarios and comply with industry regulations. In order to maintain AML detection scenarios current with best market practices, rule tuning exercises have become an ever-increasing important task to perform at a financial institution . The methodologies to tune AML detection scenarios are also becoming more complex with heightened expectations from regulators. The tuning needs must be constant, that is, continuously applied over time to identify potential new risks or new typologies not covered by the current process in place. Likewise the application of a risk-based approach to the transaction monitoring process should also be taken into consideration by banks since it helps to focus the efforts and resources of staff on what poses a higher money laundering risk for the institution.