Transaction Monitoring Optimization

Business Challenge
  • 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