AML Rule Tuning: Applying Statistical and Risk-Based ...

aml rule tuning : Applying Statistical and Risk-Based Approach to Achieve Higher Alert Efficiency By: Umberto Lucchetti Junior, CAMS-FCI 2 Table of Contents 1. Executive Summary .. 3 2. Introduction .. 4 3. Applying a Risk-Based Approach to the P Transaction MonitoringScenerios . 5 a. Implementation of a Population Group to the Transaction Monitoring Scenarios .. 7 b. Implementation of a Suppression Logic to the Transaction Monitoring Process .. 9 4. Qualitative and Quantitative tuning of the Transaction monitoring scenarios .. 10 a. Gap analysis .. 10 b. Statistical tuning of the Transaction Monitoring Scenerios.

5 As per IPSA International6 “one of the biggest issues facing investigators is the generation of a 'false positive.' A false positive is not an accurate alert and should not be flagged for investigation.

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  Rules, Risks, Statistical, Applying, Tuning, Aml rule tuning, Applying statistical and risk

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