A growing burden
An estimated 2-5% of global GDP is laundered every year. Methods of money laundering are constantly evolving, becoming more sophisticated, faster and difficult to detect.

International regulatory and oversight bodies such as the Financial Action Task Force (FATF) and the Basel Committee on Banking Supervision (BCBS) have continually highlighted the need for more robust AML controls in financial institutions, while regulators have responded with stricter regulation and heftier fines for control failures.

In a world of instant payments with ever-increasing transaction volumes, the detection problem is exacerbated.

Against this backdrop, effective transaction monitoring requires a combination of detecting potentially suspicious behaviour, investigating all resulting alerts and reporting suspicious activity – across your customer base you must be able to intelligently ‘know the good and spot the bad’. It is now time for a new approach and evolved techniques to address this growing transaction monitoring burden.

NetGuardians’ Transaction Monitoring solution helps you accurately detect suspicious transactions whilst intelligently ensuring operational efficiency.