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: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.

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.

Anti Money Laundering (AML) transaction monitoring support we offer

How we are different

Scalable and flexible operating models customised to suit client requirements

Hands-on experience with key vendor tools such as Actimize, Mantas and Norkom

Global footprint with multi-language support spanning time zones

Staggered rollout plan to ensure a smooth transition and minimal service disruption

Customised delivery solutions leveraging tried and tested methods

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

In the News

Kyckr
“The Future of KYC Compliance — Insights from Jehan Jeyaretnam”
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Compliance Podcast Network
“Innovation in compliance with Tom Fox- Knowledge process outsourcing with Jehan Jeyaretnam”
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Compliance Week
“Done right, outsourcing compliance can be rewarding”
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Meet our experts

Jalaj Jonker

Delivery Manager, Compliance Analytics

Jalaj heads the Compliance Analytics team, with experience in anti-money laundering, customer due diligence, and market abuse prevention. He has worked in the areas of compliance, trading surveillance, and financial crime and information security and risk analytics. He holds a Bachelor of Engineering (Hons.) degree in Electronics and Communication.

Jalaj Jonker
Jalaj Jonker

Delivery Manager, Compliance Analytics

Jehan Jeyaretnam

Director, Head of Compliance Services

Jehan is global head of Compliance Services, serving buy- and sell-side clients. He was previously the head of global projects and transitions — equity, and led all inbound scoping requests and delivery solutions for buy- and sell-side clients. Jehan managed the setup and transition of several large engagements, including lift-and-shift of processes for clients across multiple work streams. He has over 17 years of experience in investment research and analysis, compliance, project management, audit control and systems implementation. He has led large projects and teams across multiple work streams and global locations and is a Certified Investment Advisor (Colombo Stock Exchange)

Jehan Jeyaretnam
Jehan Jeyaretnam

Director, Head of Compliance Services

Puneet Prakash

Associate Director, Product Head, Compliance Support

Puneet Prakash is the product head of the firm’s Compliance Services business unit. He is responsible for strategizing and creating optimal solutions for the firm’s Compliance clientele, globally. He has over 15 years of experience in financial services and knowledge offshoring. He has previously worked with firms such as TCS and WNS. Puneet holds an MBA (Finance & Marketing) from the Indian Institute of Management, Kozhikode and a Bachelor of Technology from the Indian Institute of Technology, India

Puneet Prakash
Puneet Prakash

Associate Director, Product Head, Compliance Support

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