AML, also known as Anti Money Laundering, is a set of laws, regulations, processes, procedures etc. practiced through a software that help prevent criminals from procuring illegally obtained funds as legitimate income.
As of today, transactions are strictly analyzed in an attempt to uncover transactions, or patterns within transactions (called structuring) – this process requires filing a SAR (suspicious activity report). Financial institutions that fail to file CTR / SAR reports (that meet all regulations) are faced with heavy fines and regulatory restrictions.
When required at scale and minimal margin for error, these reports prove to be highly challenging and time consuming for financial institutions to generate. Now you can easily create pre-populated, perfectly formatted, print-ready reports, at scale and all at the click of a button from within your Tableau dashboard using Pixel Perfect.