Dynamic Risk Classification for Anti-Money Laundering: SAS Anti-Money Laundering Enables Financial Institutions to Meet Expanded Requirements for Due Diligence

Overview

Financial institutions are finding it necessary to strengthen their Anti-Money Laundering (AML) platforms to stem the tide of illicit financial transactions and meet new regulatory mandates. For enterprises with moderate to high risk exposures, this calls for a rigorous automated system based on dynamic risk assessment. Financial institutions need a way to adapt rules, parameters and scenarios to match the risk profile for any given account or individual in order to monitor differentially based on risk.