Workflows and Alerts
Workflows and Alerts in the context of Anti-Money Laundering (AML) refer to the automated processes and notifications within software that help organizations monitor and manage compliance tasks effectively. Workflows guide users through predefined steps, ensuring consistent handling of suspicious activities, such as customer due diligence, transaction monitoring, and reporting. Alerts are triggered when the software detects unusual patterns or potential risks, such as large or rapid transactions, or matches with sanctions lists. These features enable timely responses, allowing organizations to investigate and act quickly. By automating workflows and alerts, AML software enhances efficiency, reduces human error, and ensures that compliance requirements are met.
