How to Solve the Biggest Problems in Transaction Monitoring

How to Solve the Biggest Problems in Transaction Monitoring

Transaction monitoring is a critical component of the anti-money laundering program mandated by the Bank Secrecy Act for all financial institutions. Transaction monitoring is the process of keeping track of customer transactions such as transfers, deposits, and withdrawals. Furthermore, transaction monitoring seeks to detect suspicious behavior that may indicate the presence of other financial crimes, […]

Using AI for AML: Essential Data Considerations

aml

The industry of Anti-Money Laundering (AML) is being transformed by Artificial Intelligence (AI). Yet, the effectiveness of these AI solutions hinges on the proper handling of data. In this blog post, we uncover the pivotal data considerations that can make or break AI implementation in AML strategies. Understanding the Data Landscape Diverse Data: The Foundation […]