An effective transaction monitoring program is vital to detect suspicious activity, prevent financial crime, and ensure compliance with regulations. It safeguards your business from legal risks and reputational damage while reinforcing trust with customers and regulators. More than a requirement, it’s a smart investment in security and long-term success.

An optimal program should consider these areas as key:

Policies and procedures

Clear, well-defined policies and procedures provide the foundation for consistent monitoring practices and ensure compliance with regulatory requirements.

Training

Regular training equips staff with the knowledge and skills to identify suspicious activity and apply Transaction Monitoring processes effectively.

MI’s and reporting

Accurate management information and timely reporting enable informed decision-making and demonstrate oversight to regulators.

1st and 2nd line investigations

Strong first and second line investigations ensure alerts are reviewed thoroughly, reducing risk and maintaining control integrity.

Systems

Robust and well-calibrated systems enhance detection capabilities, reduce false positives, and support efficient monitoring.

Governance

Effective governance ensures accountability, oversight, and continuous improvement of the Transaction Monitoring framework.

Transaction Monitoring - First line of defense

AML transaction monitoring audits that ensure compliance, detect suspicious activity and strengthen risk management.

Contact us

Alex Azzopardi

Partner, Risk Consulting Advisory Services

KPMG in Malta

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Ariane Azzopardi

Director, Risk Consulting Advisory Services

KPMG in Malta

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Transaction Monitoring