Knowledge Base   /   AML Transaction Monitoring

Can Velocity analyze transaction data to identify potential money laundering activities?

Posted on 09 February 2022 06:09 pm

Yes, Velocity’s Transaction and Behavior monitoring module is specifically designed to give financial institutions a quick and accurate view of their customer’s transaction data and financial behavior. 

The system is designed using machine learning and artificial intelligence and helps to provide a clear and comprehensive view by doing a proper analysis of transaction data and customer’s behavior. It also helps to generate the reports and provide alerts and notification to the regulatory authorities in case any suspicious activity is detected. 


The software reduces the workload of the AML compliance team by quick analysis. So, in short the Velocity’s Transaction and Behavior monitoring module identifies the risk associated and detects the suspicious behavior that helps in identifying potential money laundering activities.