Online Services Using Transaction Monitoring
Transaction Monitoring is increasingly being recommended to organizations as a tool to help avoid both financial and reputational damage as a result of money laundering. The basis of Transaction Monitoring is a system that enables the detection of - and response to - abnormal activity and behavior in online transactions. According to the UK government, the use of Transaction Monitoring adds a layer of trust to a system, not only for banks and financial institutions but any online business. It...
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