Poorly defined thresholds have a number of important implications for a bank's operations and compliance departments. Often, analysts spend a lot of time investigating useless alerts, which significantly increases operational costs and leads to delays in filing documents with regulators. In addition, the lack of risk-based thresholds can result in potential money laundering patterns going undetected, posing a higher monitoring risk to the bank.

Learn how financial institutions can use advanced analytics techniques to improve rule productivity by setting appropriate thresholds. Our speaker will also talk about how automation techniques can be used to investigate alerts to reduce the burden of false positives, freeing up more time for investigations to focus on truly suspicious activity.

Topics covered:
– Regulatory impact
– Management of AML risks and new typologies
– Development of targeted detection scenarios
– Customer segmentation/population groups
– Understanding normal values and outliers
– Operational improvement through automation

For more information on how to reduce false alarms and the time spent per alarm, contact [email protected]

Please take the opportunity to connect with your friends and family and share this video with them if you find it useful.