Our client faced a high volume of monitoring alerts which adversely affected identification of suspicious transactions and wanted to expedite the alert disambiguation process, identify the false positives and increase review effectiveness
Solutions
Established an effective AML alert disambiguation processes
Optimized the automatic transaction monitoring thresholds
Risk profiling of the customers and
Trained resources on Alert disambiguation procedures
Impact
Reduced false positives
Timely and accurate alerts
Identification of suspicious relationships
Consolidation of the detection process across multiple channels