Ask how Protiviti developed a risk-based approach to improve the efficiency and effectiveness of a financial institution’s money laundering transaction monitoring system.
Our client was migrating its money laundering transaction monitoring to a new platform and wanted to take a fresh look
at the design of its transaction monitoring program. Protiviti’s AML and technology professionals teamed with our client
and the software vendor to ensure that all relevant transaction data was being captured in the monitoring system and
that rules and scenarios were in place to identify potential red flags relevant to the client’s business. Our efforts helped
the client avoid potential gaps in its monitoring capabilities by identifying data exceptions and recommending the
addition of new rules and scenarios customized to its business. As a result, the client has a more effective and efficient
monitoring system and, with the project documentation, can better evidence for regulators and auditors how its system
has been designed. Could your AML monitoring system use a second look? Ask how at
protiviti.com/aml today.
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or offer attestation services. PRO-0411
