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Transaction Monitoring Assessment

Evaluate your transaction monitoring capabilities

16 questions • 10-15 min

This assessment evaluates your organisation's transaction monitoring framework, including detection capabilities, alert management, system configuration, and governance. It provides insights into your current maturity level and identifies key areas for enhancement.

Instructions

  • Answer all questions honestly based on your organisation's current practices
  • Select the option that most closely matches your situation
  • Complete all sections to receive a comprehensive evaluation
  • Your answers are confidential and not stored on our servers

About This Self-Assessment

This tool helps institutions evaluate their transaction monitoring framework based on common regulatory expectations and industry best practices (e.g., FATF, Wolfsberg AML Screening, Monitoring and Searching). It covers key areas like monitoring system capabilities, scenario design and tuning, alert management, and effectiveness measurement.

Disclaimer: This is a self-assessment tool for informational purposes only and does not constitute legal or regulatory advice. Your responses are processed locally in your browser and are not stored or transmitted. For a comprehensive review, consult with compliance experts or request a personalised demo of iTrack.

Section 1 of 4Detection Capabilities
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Assessment Sections

Detection Capabilities

This section evaluates your organisation's ability to detect suspicious transactions and patterns.

What type of transaction monitoring system does your organisation use?

Advanced integrated system with AI/ML capabilities
Sophisticated system with machine learning, behavioral analytics, and adaptive capabilities
Commercial automated monitoring system
Rule-based system with automated alert generation and workflow management
Basic automated monitoring with limited capabilities
Simple automated tools with standard rules and limited configurability
Primarily manual monitoring processes
Heavy reliance on manual reviews with minimal automation

How comprehensive is your transaction monitoring coverage across different transaction types and channels?

Consider whether all transaction types, channels, and customer segments are monitored.

Comprehensive monitoring across all transactions and channels with integrated view
Complete coverage with holistic customer activity monitoring across all channels
Good coverage of major transaction types and channels
Most transaction types and channels covered, with some integration gaps
Partial coverage with significant gaps
Coverage limited to certain high-risk areas or major channels only
Minimal coverage limited to basic transaction types
Significant gaps in monitoring across transaction types and channels

What types of detection scenarios are implemented in your monitoring system?

Comprehensive scenarios covering all relevant typologies with behavioral analytics
Extensive rule set with advanced analytics to detect known and emerging patterns
Standard scenarios covering major typologies
Good coverage of common money laundering techniques and regulatory requirements
Basic scenarios limited to simple patterns
Limited to straightforward threshold-based and simple pattern detection
Minimal scenarios focusing only on regulatory requirements
Coverage limited to minimum regulatory expectations with significant gaps

How does your system incorporate customer risk profiles into transaction monitoring?

Dynamic integration with real-time risk profile adjustments
Sophisticated integration where monitoring adapts automatically to risk profile changes
Formal integration with different monitoring parameters based on risk
Different rules and thresholds applied based on customer risk categories
Basic consideration of risk profiles in monitoring
Limited differentiation based on high-risk categories only
Minimal or no integration of risk profiles
Same monitoring approach regardless of customer risk level
Section 1 of 4