AML Analytics and Surveillance services - transaction monitoring

AML Transaction Monitoring

Effective AML transaction monitoring – reviewing alerts generated and analysing them against historical transactions and KYC profiles to report unusual customer behaviour and suspicious money movements

Anti Money Laundering (AML) transaction monitoring Services

Transaction monitoring (TM) refers to monitoring customer transactions, including assessing historical/current customer information and interactions, to provide a complete picture of customer activity. The key challenge for FIs is ensuring quality, accuracy and consistency when handling alerts generated by TM systems. Our team of analytical investigators have helped clients implement effective TM systems across the board. Our process is as follows:

i. Level 1 alerts:The first stage of AML Transaction Monitoring entails Identifying and validating an alert, and checking whether the alert can be discounted or confirming the alert is “true” and requires a thorough investigation..

ii. Level 2 alerts: Reviewing and validating alerts sent by the Level 1 team. Based on the alert, Level 2 investigators create a case to determine the nature of the alert activity (such as anomalous activity or high-risk transfer) and ascertain whether to report the activity to MLROs for SAR/STR filing or close the alert. Activities at this level will include a holistic investigation of the customer, transaction activity and other associated entities which forms the second stage of AML Monitoring.

iii. Level 3 alerts: Reviewing the cases from Level 2 investigators and validating their findings. After ensuring the cases are accurate and compliant, supporting with compiling SARs/STRs.

Who we serve

Anti Money Laundering (AML) transaction monitoring support we offer

  • Reviewing for true vs false positives

  • Reviewing post-transaction alerts for true vs false positives

  • Investigating flagged positives

  • Investigating flagged transactions

  • Determining unusual or suspicious trades

  • Documenting findings in SARs/STRs

  • Filing support for SARs/STRs

  • Maintaining and tracking SAR/STR reporting

Anti Money Laundering (AML) transaction monitoring support we offer

  • Reviewing for true vs false positives

  • Reviewing post-transaction alerts for true vs false positives

  • Investigating flagged positives

  • Investigating flagged transactions

  • Determining unusual or suspicious trades

  • Documenting findings in SARs/STRs

  • Filing support for SARs/STRs

  • Maintaining and tracking SAR/STR reporting

How we are different

SCALABILITY
SCALABILITY
Scalable and flexible operating models customised to suit client requirements of meeting bespoke AML transaction monitoring solutions
TECHNOLOGY
TECHNOLOGY
Hands-on experience with key vendor tools such as Actimize, Mantas and Norkom, a robust understanding of advanced AML monitoring systems
NEARSHORE CAPABILITIES
NEARSHORE CAPABILITIES
Global footprint with multi-language support spanning time zones
PROCESS OPTIMISATION
PROCESS OPTIMISATION
Staggered rollout plan to ensure a smooth transition and minimal service disruption
STRONGER SERVICE QUALITY LEVELS
STRONGER SERVICE QUALITY LEVELS
Customised delivery solutions leveraging tried and tested methods

Tailored data and technology solutions for Banks

Explore the art of possible across processes and functions in the lending value chain. We help you integrate legacy systems and new-age platforms to build a single source of truth.

What we have done

Support for Consulting and Corporate Firms
AML Transaction Monitoring for a Global Bank
What we are proud of

35-40%

reducation in false positives

100%

timelines achieved

Support for Consulting and Corporate Firms
Actimize Trade Surveillance Support for US-based Bank
What we are proud of

25%

reduction in turnaround time

60%

cost savings

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