Real-Time AML Transaction Monitoring: Time to get real?

by BAE Systems Applied Intelligence | Best Practice

Disruption continues to reshape the financial services industry. Online banking and faster payments have been happily embraced by customers – good and bad. Money launderers, just like fraudsters, see change as opportunity.

But while fraud checks and sanctions screening are already happening in real time, transaction monitoring for Anti Money Laundering (AML) is looked upon as the next logical solution to take its place in the Real-Time armoury.

About BAE Systems Applied Intelligence

We have been helping to defend the largest nations and businesses in the world for over forty years against advanced threats.

Cyber threats no longer just come from mischievous hackers playing games. They come from organised, smart, stealthy criminal groups and nations, looking to steal intelligence and capital. Attacks pioneered by nation states are now being used to attack businesses of all sizes and standard security technology has dropped in effectiveness from 80% to 20% over the past 10 years.

Additionally criminals are taking advantage of modern communications and computing techniques to plan and conduct their crimes. The techniques and tools that enable business and law enforcement to detect, prevent and investigate crime – both in the physical and cyber worlds – are in the process of rapid adaption.

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