Protecting against Reputational, Regulatory and Financial Losses through enhanced AML Monitoring
Client: Global Financial Services Organization
Sucess Dialog
This is added to your favourites.
Warning Dialog
This is already added to your favourites.
sorry something went wrong.
Objective
To provide ongoing transaction monitoring support to a global financial services organization on Anti-Money Laundering and design processes to reduce and manage false positives.
CRISIL's Solution
The CRISIL team provides ongoing review of alerts triggered by the Anti-Money Laundering-Transaction Monitoring system (AML-TMS) to detect potentially unusual or suspicious pattern of transactions, including:
Production and delivery of Suspicious Activity Reports (SAR) of suspicious cases for regulatory purposes;
Identification of scenarios resulting in false positives and processes for effectively automating resolution;
Provides 100% quality within the Turn Around Time (TAT) \ Service Level Agreement (SLA) with effective closure & potential escalations.
Client Impact
Effective monitoring of the AML-TMS system protects client from reputational loss and regulatory charges/fines
Significant cost reduction through effective process streamlining/automation
Risks associated with failed segments were quickly mitigated
Coverage redundancy reduced due to improved segmentation and scenario tuning
False positives reduced by 5% due to threshold tuning
Request for services
Questions
Looking for high-end research and risk services? Reach out to us at: