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Informationen zum Autor CHAU CHAN YIP (DEREK) is Principal Technical Consultant at SAS Hong Kong since 2010. He was formerly a Technology Consultant at Hewlett Packard. He specializes in data integration and anti-money laundering. He received his Master of Science degree in Computer Science from the Chinese University of Hong Kong. MAARTEN VAN DIJCK NEMCSIK, LLM, PHD, has worked with SAS since 2012 as a financial crime and tax compliance domain expert and solution lead. He is part of the SAS Global Fraud & Security Business Intelligence Unit, responsible for internal and external training courses in the financial crime and compliance space. Klappentext Effective transaction monitoring begins with proper implementationAnti-Money Laundering Transaction Monitoring Systems Implementation provides comprehensive guidance for bank compliance and IT personnel tasked with implementing AML transaction monitoring. Written by an authority on data integration and anti-money laundering technology, this book offers both high-level discussion of transaction monitoring concepts and direct clarification of practical implementation techniques. All transaction monitoring scenarios are composed of a few common elements, and a deep understanding of these elements is the critical factor in achieving your goal; without delving into actual code, this guide provides actionable information suitable for any AML platform or solution to help you implement effective strategies and ensure regulatory compliance for your organization.Transaction monitoring is increasingly critical to banking and business operations, and the effectiveness of any given solution is directly correlated to its implementation. This book provides clear guidance on all facets of AML transaction monitoring, from conception to implementation, to help you:* Detect anomalies in the data* Handle known abnormal behavior* Comply with regulatory requirements* Monitor transactions using various techniquesRegulators all over the world are requiring banks and other companies to institute automated systems that combat money laundering. With many variables at play on both the transaction side and the solution side of the equation, a solid understanding of AML technology and its implementation is the most critical factor in successful detection. Anti-Money Laundering Transaction Monitoring Systems Implementation is an invaluable resource for those tasked with putting these systems in place, providing clear discussion and practical implementation guidance. Zusammenfassung Effective transaction monitoring begins with proper implementation Anti-Money Laundering Transaction Monitoring Systems Implementation provides comprehensive guidance for bank compliance and IT personnel tasked with implementing AML transaction monitoring. Inhaltsverzeichnis About the Authors xiii Acknowledgments xv Preface xvii Chapter 1 An Introduction to Anti-Money Laundering 1 The Emergence of AML 2 AML as a Compliance Domain 5 The Objectives of AML 9 Regulatory Reporting 9 Corporate Citizenship versus Profitability 10 About True and False Positives and Negatives 11 The Evolution of Automated Transaction Monitoring 15 From Rule-Based to Risk-Based 17 From Static to More Dynamic Transaction Monitoring 22 Latest Trends: Machine Learning and Artificial Intelligence 26 Latest Trends: Blockchain 29 Risk-Based Granularity and Statistical Relevance 34 Summary 36 Chapter 2 Transaction Monitoring in Different Businesses 39 Banking 43 Correspondent Banking 46 Banking - Trade Finance 49 Banking - Credit Card 60 Insurance 60 Securities 63 Stored Value Facilities (SVFs) 66 Casinos and Online Gambling 68 Lottery and Jockey Club 70 Other Businesses 72 Summary 72 ...
