Transaction analysis applies to customer transaction monitoring, including the review of historical/current customer data and interactions in order to provide a full image of customer operation. Transfers, deposits, and withdrawals may include this. Software would be used by most financial institutions to automatically analyze this data.

Why is transaction monitoring important for our clients

Transaction tracking is an important first step in the AML and CTF procedures of every financial institution.

Being able to detect a suspicious transaction might theoretically stop criminals from laundering thousands or millions of dollars.

Monitoring of transactions also helps financial institutions to take a risk-based approach. This implies that the future risk of clients can be calculated and handled by them.