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Transaction Monitoring—Finding the Needle in the Haystack, but Are We Looking at the Right Haystack?

In: The Next Wave of Global Anti-Money Laundering Enforcement

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  • Sven Stumbauer

Abstract

Financial institutions face a significant challenge in the fight against financial crime. In recent years, many financial institutions have found themselves grappling with compliance issues related to anti-money laundering. Financial institutions are increasingly expressing dissatisfaction with their current automated monitoring processes, prompting them to explore alternative solutions that can alleviate the burden on their anti-money laundering compliance departments. The shift from batch processing to real-time monitoring represents a necessary evolution to combat financial crime, providing institutions with the tools they need to act decisively and effectively. As a result, financial institutions face significant challenges in implementing transaction monitoring and fraud detection measures, leaving them vulnerable to increasingly clever bad actor activities. This comprehensive review reveals several critical areas in which transaction tracking can be enhanced, addressing common challenges faced by financial institutions.

Suggested Citation

  • Sven Stumbauer, 2025. "Transaction Monitoring—Finding the Needle in the Haystack, but Are We Looking at the Right Haystack?," Springer Books, in: The Next Wave of Global Anti-Money Laundering Enforcement, chapter 0, pages 127-144, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-05824-0_16
    DOI: 10.1007/978-3-031-05824-0_16
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