Aug
Transaction Monitoring Investigation: Steps and Process Flow Explained
Transaction monitoring investigation is a cornerstone of anti-money laundering (AML) compliance for financial institutions and other AML-regulated businesses. This piece outlines the core transaction monitoring steps required for businesses to fulfill AML compliance and avert financial crimes. Key takeaways on…
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Aug
How To Calculate False Positives in Transaction Monitoring (And Reduce Them)
Let’s start with a scenario we’ve all seen: a perfectly legitimate transaction gets flagged as suspicious. That’s a false positive, and it’s a headache, especially in our world where AML compliance is non-negotiable. What are False Positives in Transaction Monitoring?…
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Jul
Smurfing Vs. Structuring in Money Laundering: A Complete Guide
Smurfing vs. structuring—both are methods used in the “placement” stage of money laundering, where illicit money is introduced into the financial system. In this piece, we will examine smurfing vs. structuring, offering a detailed look at smurfing and structuring in…
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Apr
Suspicious Activity Report (SAR) Vs. Suspicious Transaction Report (STR)– What’s The Difference?
In anti-money laundering (AML) efforts, the comparison between “suspicious activity report vs suspicious transaction report” often comes up. SAR and STR are the final AML checks that come after the initial steps, like verifying who someone is and keeping an eye…
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Apr
What Is a Suspicious Transaction Report (STR)?
A suspicious transaction report (STR), also known as a suspicious activity report (SAR) in some jurisdictions, is a critical tool in the battle against money laundering and terrorist financing. Significance – Filed by financial institutions or concerned individuals, these reports…
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Nov
Transaction Laundering Red Flags & Risk Mitigation: A Comprehensive Guide
Transaction Laundering: A Two-Pronged Strategy Amidst the surge of online transactions, transaction laundering serves as a conduit for a myriad of illegal activities. Illegal activities associated with transaction laundering include the sale of unauthorized pharmaceuticals, gambling services, adult content, prohibited…
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