Red Flag Tests

About

AML Analytics Ltd's Red Flag Tests solution is designed to carry out an on-the-spot transaction monitoring system health check by exercising Red Flag rules using Smart Scenarios consisting of millions of rows of synthetic transactional data. This data will mimic the exact transactional patterns of defined money laundering typologies to trigger an alert.

Each Smart Scenario encompasses multiple Red Flags and covers different transactional behaviour to emulate the typical characteristics of a particular type of financial crime, such as the Illegal Wildlife Trade, Modern Slavery or Terrorist Financing.

Red Flag Tests will identify vulnerabilities in a transaction monitoring system’s alerting capabilities and will validate Red Flags at the click of a button as well as highlighting emerging Red Flags which lie outside a financial institution’s existing Red Flag parameters.