Transaction Monitoring and Reporting

• Adopting a risk-based approach in transaction monitoring
• Batch and real-time monitoring/ first-line and AML team monitoring
• Managing false positives and preventing false negatives
• Threshold and scenario/ pattern-based monitoring
• Attempted transactions: capturing and monitoring
• Improving effectiveness: AI/ML, RPA, Blockchain
• Report generation/ compilation automation
• Building customer profile for transaction monitoring
• The feasibility and utility of sharing information amongst reporting entities
• ARIFAC and FPAC – Contribution to systemic effectiveness