Optimizing transaction surveillance

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Monitoring customer activity for money laundering and terrorist financing is one of the most daunting compliance challenges that an organization must undertake. There are numerous complexities due to the unique products, customers and risk tolerance of each organization. Further adding to the complexity is the high cost of operations, shrinking budgets and increased regulatory expectations. AML compliance must do more with less.

How PwC can help

PwC understands how challenging transaction surveillance can be. We know that you need the quantitative insight to measure and manage costs and the empirical support for critical rules and threshold decisions. Our teams of data, technology, business, regulatory, and statisticians have developed quantitative and qualitative analyses that will help you fine tune your existing surveillance technology.

Our approach includes the following techniques:

  • Core Banking Technology transaction code surveillance inclusion/exclusion assessments

  • Surveillance Technology transaction code mapping and data flow reviews

  • Surveillance technology critical data elements accuracy and completeness tests

  • Text mining methods that search free form text fields for keywords and other important patterns

  • Underlying transaction appropriateness analysis of risk thresholds, behavioral profile logic and detection rules

  • Potentially suspicious activity output disposition analysis to increase productive items and eliminate false positives

The results of our analyses will help you focus your improvement efforts on the areas that will result in the greatest performance gains including providing insights into the most optimal parameters for each threshold, profile, or rule. Our approach allows you to leverage you existing technology investments and provides quantitative support for rules configuration. In other words - do more will less.

Contact us

Jeff Lavine

Global Financial Crimes Leader, PwC US

Ken Martin

Director, PwC US

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