Posted on 2021-08-03
Ryax Technologies Ryax Technologies

Anti-Money Laundering (AML)

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Description

Both retail and investment banks have a regulatory responsibility to monitor client transactions and report all operations that they believe might have ties to: money laundering, tax evasion, the financing of terrorist activities. This often implies training models to detect unusual transactions or transactions that follow a certain pattern that can be inferred from training examples.

Analytics status

  • Beta

Business benefit

A batched analysis of client transactions power a web based application that internal compliance officers use to investigate operations that have been flagged and if needed raise an alert to the regulatory body investigating such matters

Data inputs (mandatory)

▪ Client transaction history
▪ Client IDs

Data Output

▪ Table containing the list of submitted transactions and their related AML-detection score

Technical description

Technical details provided on request (contact us).