02 — Capability · BC-1770.20
Transaction Monitoring
Detect activity that may be money laundering or terrorist financing across all products and channels, and investigate each alert to a documented decision. Filing reports with the authorities is financial intelligence reporting.
- AML Transaction Monitoring
- AML Surveillance
- Activity Monitoring
In scope
- Detection scenarios, thresholds and tuning
- Alert triage and disposition
- Case investigation across customers and accounts
- Coverage testing and monitoring model assurance
Out of scope
- Fraud scoring on individual transactions (see BC-1770.40)
- Regulatory filing of suspicious activity (see BC-1770.50)
- Compliance monitoring and testing of the program itself (see BC-140.40)
Realized by · 0
- No product in the catalog yet.
Used in · 5
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1770.20.10Monitoring Scenario DesignDesign, tune and retire the rules and models that flag unusual activity, using risk assessments and past outcomes to set thresholds.
- BC-1770.20.20AML Alert TriageReview each monitoring alert, close those with a clear explanation, and escalate the rest to investigation with the reason recorded.
- BC-1770.20.30Financial Crime InvestigationsInvestigate escalated alerts and referrals across a customer's whole relationship and network, and reach a documented decision on whether activity is suspicious.
- BC-1770.20.40Monitoring Coverage AssuranceProve that every product, channel and data feed is monitored as designed, by testing data completeness and the performance of each scenario.