What is the process of AML analysis along with end to end process of online monitoring transactions

Question

Accepted Answer

AML analysis is the process of identifying and preventing money laundering activities through online transaction monitoring.

AML analysis involves the identification of suspicious transactions and the assessment of their risk levels.
The process includes collecting and analyzing transaction data, conducting customer due diligence, and reporting any suspicious activities to regulatory authorities.
Online monitoring of transactions involves real-time tracking of financial transactions to detect any potential money laundering activities.
It includes the use of advanced analytics and algorithms to identify patterns and anomalies in transaction data.
The end-to-end process of AML analysis and online monitoring helps financial institutions comply with anti-money laundering regulations and prevent illicit financial activities.

Accepted Answer

Check the red flag and clear the sof as per alert trigger

Popular interview questions of Analyst