It’s estimated that up to $2 trillion is laundered globally every single year, covering the tracks of major crimes and illegal activities. This has precipitated an increasingly sharp regulatory focus on corporate transaction monitoring, meaning companies are increasingly obliged to invest in anti money-laundering (AML) services and softwares - like that offered by Sentinels.
Sentinels’ offering allows compliance officers to set up simple, tailor-made rule-based alerts for transactions, and benefit from deep analytics from multiple data sources, allowing more precise and speedy screening for suspicious transactions. Offering analytics across various sources is smart, as it directly addresses researchers’ concerns regarding the sprawling number of data sources that provide a smoke-screen for clandestine activity.
Sentinels’ Netherlands headquarters puts them in the heart of a continent which has tightened the net on AML regulations over recent years, with Europe now having one of the toughest frameworks in the globe - especially for the private sector. The Transaction Monitoring Netherlands alliance between key private banking institutions demonstrates a remarkable private sector appetite for compliance in Sentinels’ home territory - the hope will be that Sentinels can benefit from the tailwind.
Steph
Company Specialist at Welcome to the Jungle