AML Analytics Launches Red Flag Tests To Health Check Transaction Monitoring Systems
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LONDON, May 6, 2021 /PRNewswire/ -- As part of its expansion of anti-money laundering (AML) solutions for transaction monitoring systems, AML Analytics has announced the launch of Red Flag Tests.
Red Flag Tests has been created by expert RegTech and SupTech developers at AML Analytics as part of their portfolio of solutions to support financial institutions (FIs) in the regulated sector. Using synthetic data to validate transaction monitoring system rules, Red Flag Tests will help analysts understand if a system is working correctly to mitigate financial crime risks. This AML Analytics solution makes it easier for analysts by sorting complex rules into Smart Scenarios.