The term advisory is misleading. Compliance is about going beyond the minimum standard, so for a company to ignore guidance from an advisory body is misguided at best. Take the Advantage If you disagree just imagine the following scenario. Your […]
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Transaction monitoring
When it comes to choosing anti-money laundering (AML) transaction monitoring solutions, companies often face the dilemma of whether to build an in-house system or purchase a pre-existing one. This decision is crucial because it directly impacts firms’ risk management, compliance, […]
Transaction monitoring is challenging. Suspicious activity for one customer is normal business for another. Typologies change constantly, false positives dominate compliance teams’ workflow, and the risk of missing something looms large. Commercial pressures around expansion and rapid growth are at […]
What is a currency transaction report? When thinking about how financial institutions function, it is crucial to understand the concept and purpose of a currency transaction report, otherwise known as a CTR. A currency transaction report is a report made […]