Proliferation Finance: Countering by design; taking sufficient steps within a Global Banking System
Proliferation Finance abuses the formal (supervised) global financial system to facilitate and deceive the transfer of value in the pursuit of procuring and moving the components to build, test and deliver weapons of mass destruction.
Case Study: LYSIS & NAPIER Transaction Monitoring
Lysis Operations Case Study. The challenge: A requirement to have an effective transaction monitoring framework, operational controls and processing to manage and monitor payments across Europe and to establish a solution which can adapt and iterate with the constantly-changing regulations and requirements.
In this paper, we take a closer look at the numbers relating to payments, transactions, and the world of compliance to help explain why some of the current transaction monitoring technologies and operational controls struggle to identify illicit activity. We then look at the role of technology and what future developments will bring to transaction monitoring.