Transaction Monitoring (TM) has become the litmus test for the maturity of a Private Bank’s financial crime framework. It is the primary mechanism for detecting suspicious activity and a key measure for regulators assessing AML (anti-money laundering) controls. For Private Banks, weaknesses in monitoring carry disproportionate costs: reputational damage, regulatory penalties, and loss of client trust. Many institutions remain constrained by outdated systems that excessively generate false p...
