Regulatory Alerts2024-04-17
Added · Updated
Thematic Review of Transaction Monitoring Systems and Use of Artificial Intelligence
The regulator issued this circular to outline findings from a thematic review of transaction monitoring systems and the application of artificial intelligence in anti-money laundering controls. It provides specific insights for the design, implementation, and optimization of these systems to enhance financial crime detection capabilities. The document serves as a directive for all authorized institutions to align their AML/CFT frameworks with these updated operational standards.