For any financial institutions with regulatory obligations who require frequent monitoring, tuning and optimisation of their current financial systems, we’d like to recommend the sanction screening testing solutions from AML Analytics. 

Having worked with vendors before, we found AML Analytics customer service to be the best in terms of response time and the level of support the team were able to provide to us. 

Previously, we would expect a response of one week working with a vendor, but AML Analytics can always address our enquiries within hours, which keeps us on top of our project timeline. The attention to detail and expert advice we’ve gained from the Customer Experience team are also invaluable in our journey to keep enhancing system performance. 

Through utilising the AML Analytics Threshold Analyser solution and with the guidance of the Customer Experience team, we were able to reduce our false positive level by 31% without sacrificing our system effectiveness. The tool also made it so transparent and easy for compliance and IT to identify the optimum threshold. 

All the testing records are kept as an audit trail to demonstrate the efforts we’ve made in finding the best balance between effectiveness and efficiency and why the final threshold was chosen. Even today, we still keep using this tool to check our threshold settings every year, especially when there is any system upgrade or enhancement.