Transaction Monitoring—Finding the Needle in the Haystack, but Are We Looking at the Right Haystack?

Sven Stumbauer ()

Chapter Chapter 16 in The Next Wave of Global Anti-Money Laundering Enforcement, 2025, pp 127-144 from Springer

Abstract: Abstract Financial institutions face a significant challenge in the fight against financial crime. In recent years, many financial institutions have found themselves grappling with compliance issues related to anti-money laundering. Financial institutions are increasingly expressing dissatisfaction with their current automated monitoring processes, prompting them to explore alternative solutions that can alleviate the burden on their anti-money laundering compliance departments. The shift from batch processing to real-time monitoring represents a necessary evolution to combat financial crime, providing institutions with the tools they need to act decisively and effectively. As a result, financial institutions face significant challenges in implementing transaction monitoring and fraud detection measures, leaving them vulnerable to increasingly clever bad actor activities. This comprehensive review reveals several critical areas in which transaction tracking can be enhanced, addressing common challenges faced by financial institutions.

Keywords: Automatic transaction monitoring; Tuning; Thresholds; Batch processing; Suspicious activity; Suspicious activity report (SAR); Cost center; Resource constraints (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05824-0_16

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DOI: 10.1007/978-3-031-05824-0_16

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