Anti-money laundering (AML) extends beyond Transaction Monitoring alone.

Posted by Tom Wijmans
On 14 July 2020

Financial institutions perform transaction monitoring as an important preventive tool against anti-money laundering practices. A number of major banks in the Netherlands have even established a new organisation to jointly monitor their transactions. This is definitely a welcome decision; this will enable suspicious transactions that take place at multiple banks to be reviewed in their […]

Systematic Integrity Risk Assessment (SIRA)

Posted by Robert van Asch
On 6 May 2020

To mitigate risks, you have to know what risks are present in the first place. In terms of the Anti-Money Laundering Directive (AMLD/WWFT), it is vital that the details and scenarios of and potential changes to these sometimes complex risks are known before appropriate risk mitigation strategies can be implemented in order to control the […]