Regulations aimed at detecting and preventing fraud, money laundering, terrorist financing and financial crime have more than tripled in recent years. 

Many banks have increased the size of compliance teams to meet these regulatory requirements.

Complex customer accounts, entities, ownership structures and transactions create layers of complexity.  Set against significant financial penalties for non-compliance, potential reputational damage and individuals being held personally accountable financial institutions need to look towards implementing more robust anti-money laundering (AML) processes.

This datasheet outlines Bottomline’s AML Transaction Monitoring and Screening capabilities allowing banks to meet evolving regulatory compliance requirements, reduce the cost of achieving such and minimise the burden of false positives.

Why it matters?

Significant financial penalties, totaling $320 billion were issued in fines globally since 2008. 

Source: Cost of Compliance Report, Thomson Reuters, 2018


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