Service

Transaction monitoring and FIU reporting.

Transaction monitoring that catches your real risks and works effectively. Good data is the foundation, and where possible AI is used responsibly to detect risks more sharply and reduce false alerts. From design to implementation, with rules you can explain to your auditor and supervisor, and a working process for reporting to FIU-the Netherlands.

Arrange an introduction

A no-obligation conversation? Or would you rather email? ian@ikcomplianceadvies.nl

Does this sound familiar?

Your system generates many alerts but few reports.
Nobody can explain exactly why a rule exists or how a threshold was chosen.
Your business model has changed, but your monitoring rules have not.
DNB has examined your transaction monitoring and expects improvement.
You are moving to a new system or want to use AI and machine learning.

What I do

Translating the risks from your SIRA into rules, scenarios and expected transaction profiles
Designing and implementing monitoring rules in your system, together with product, data and IT
Getting the data behind your monitoring in order: complete, accurate, timely and suited to your risks
Setting up governance: a rule register, fixed moments for tuning and clear decision-making
Improving alert handling and case documentation
Setting up the reporting process to FIU-the Netherlands, using the statutory indicators, so that unusual transactions are reported without delay
Assessing AI and machine learning in monitoring and using them responsibly

Data and AI

Good transaction monitoring depends on data. If information is missing or incorrect, even the best rule (business rule) will miss the risk. That is why I always look at the data first. Where it helps, AI and machine learning are used responsibly: to find patterns that fixed rules miss and to reduce false alerts, with explanations your auditor and supervisor can follow.

Experience

I have experience with several DNB investigations at organisations whose transaction monitoring was not sufficiently in order. There I took charge of designing a new monitoring system that fully meets the supervisor's expectations, with data to match.

Who it is for

Payment institutions and EMIs, with merchants, payfacs and buy now, pay later
Lenders
Investment fund managers, with monitoring of investors, capital contributions and investments

Other services

Would you like to know whether your monitoring covers your real risks?

Arrange an introduction. I usually respond within one working day. Prefer email? ian@ikcomplianceadvies.nl

Arrange an introduction