With regulators continuing to shine a spotlight on the effectiveness of firms’ transaction monitoring (TM) controls, FINTRAIL has created this principle-based guide to outline the various factors you should consider when assessing yours.

Using guidance from global regulators, this guide assesses 5 key areas across the TM framework:

1. Risk assessment
2.TM calibration and parameter setting
3. Data
4. Alert management
5. Testing and oversight