The Science Behind False Positive Tuning

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The Science Behind False Positive Tuning

Introduction How do you know if the thresholds are set correctly in your OFAC (Office of Foreign Assets Control) Sanctions Filtering or BSA (Bank Secrecy Act) Transaction Monitoring system?  That is certainly an important question, and a mystery in the world of anti-money laundering (AML). Commonly in the financial industry, and for the purposes of […]

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The Science Behind False Positive Tuning

How do you know if the thresholds are set correctly in your OFAC (Office of Foreign Assets Control) Sanctions Filtering or BSA (Bank Secrecy Act) Transaction Monitoring system?  That is certainly an important question, and a mystery in the world of anti-money laundering (AML). Commonly in the financial industry, and for the purposes of this […]

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A Top Down Understanding of Transaction Monitoring Software – Part Two

As an AML (anti-money laundering) professional it is often hard to fully understand AML transaction monitoring software, including the terms, functionality, data dependencies, and limitations.  These challenges can make it difficult in creating and maintaining an effective AML governance program.  Often we see when AML governance programs are built upon their AML software, they have […]

To access this post, you must purchase Academic Premium Individual Membership.

A Top Down Understanding of Transaction Monitoring Software – Part One

As an AML (anti-money laundering) professional it is often hard to fully understand AML transaction monitoring software, including the terms, functionality, data dependencies, and limitations.  These challenges can make it difficult in creating and maintaining an effective AML governance program.  Often we see when AML governance programs are built upon their AML software, they have […]

To access this post, you must purchase Academic Premium Individual Membership.

The Science Behind False Positive Tuning

How do you know if the thresholds are set correctly in your OFAC (Office of Foreign Assets Control) Sanctions Filtering or BSA (Bank Secrecy Act) Transaction Monitoring system?  That is certainly an important question, and a mystery in the world of anti-money laundering (AML). Commonly in the financial industry, and for the purposes of this […]

To access this post, you must purchase Academic Premium Individual Membership.

Implementation of AML Software: “The Keys to Success”, Part 2 of 2

In part one of this article, Implementation of AML Software: “The Keys to Success” Part 1 of 2, we discussed evaluating your needs, vendors, budget and having a good well thought-out plan, including a Business Requirement Document (BRD) and Functional Design Document (FDD). We covered some, not all, iterations that can change your needs or focus, […]

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