AXON Transaction Monitoring

Anti-money laundering (AML) transaction monitoring platforms allow banks and other financial institutions to monitor customer behaviour for risk, either in real-time or on a daily basis. By combining this information with the analysis of a customer’s historical information and account profile, the solution can provide financial institutions with a holistic view into a customer’s profile, risk levels, and predicted future activity, whilst also creating alerts to suspicious activity. The transactions monitored can include cash deposits, withdrawals, wire transfers, and much more.

Transaction monitoring is primarily for the purpose of meeting various anti-money laundering (AML) and counter-terrorist financing (CFT) requirements, filing Suspicious Activity Reports (SARs), and fulfilling other reporting obligations. Certain regulators around the world are making transaction monitoring a specific regulatory requirement.


Related Stories

Leave a comment

Your email address will not be published. Required fields are marked *