Views on AML Transaction Monitoring Systems

ii Over the past year, Protiviti has published a series of point-of-view (POV) papers on anti-money laundering (AML) transaction monitoring systems. These papers address issues ranging from selecting and implementing the right system to employing a proper governance framework. Given the ever-increasing regulatory scrutiny related to AML issues and the ever-more-complex compliance challenges faced by financial services organizations in that regard, it is not surprising that the response from the market to our insights has been enthusiastic and overwhelmingly positive. This publication is a compilation of these six POV papers that we have published. The compilation includes not only specific guidance regarding various aspects of deploying and leveraging AML transaction monitoring systems, but also highlights key institutional challenges and opportunities that come with an AML system deployment. We offer specific examples from our client portfolio, detailing the ways in which we have helped our clients achieve their AML transaction monitoring goals. We hope this information will be of interest and help to you in your organization. We would welcome the opportunity to speak with you further about your organization's specific needs and challenges regarding AML transaction monitoring systems, and about AML compliance in general. Our team includes highly skilled AML technology experts and Ph.D.-level professionals with deep quantitative skills, many years of experience and global exposure. Together, we can help your institution articulate and maintain a sound and robust AML program that meets its goals and fits the new regulatory climate. In addition to our AML transaction monitoring system POVs, we have published numerous other white papers and guides on anti-money laundering. We invite you to visit us at www.protiviti.com/AML and download a complimentary copy of Protiviti's Guide to U.S. Anti-Money Laundering Requirements: Frequently Asked Questions (Fifth Edition).