Had a bad exam
So your latest compliance exam didn't go as well as you expected. The examiner has advised it's time to improve your current AML processes. It's a common theme we're hearing more and more.
Examiners are getting tough on compliance. They’re telling you it’s no longer enough to rely on manual processes or separate systems to keep up with AML regulations. In fact, they're urging financial institutions to bring fraud and money laundering detection methods together. Money launderers understand how to sneak past conventional rules and systems, which is why you need new technologies to stay a step ahead.
You need a solution that brings everything you need to stay compliant together. Software that can alert you to suspicious behaviors while making the investigation and reporting process efficient, easy and effective.