Backtesting
in Anti-Money Laundering
Optimise your compliance risk strategy witha solutionthat automates your backtesting process.
Backtesting for better transaction monitoring
As a financial institution, you are obliged to review the functioning and effectiveness of your internal measures to prevent money laundering. Indicators, rules, thresholds, scores and risk classifications used in monitoring systems need to be checked on a regular and ad hoc basis to ensure that they are appropriate and up to date. Well-tuned systems generate high quality hits. However, empirical knowledge alone is no longer sufficient to optimise the business configuration. Backtesting simulates the effects of parameter changes and helps to calibrate the monitoring system correctly. We support you in backtesting - and automate the process for you as far as possible!
Proper backtesting − services at a glance
Analysing Risk Parameters
Selecting Data and Checking Data Quality
Preparing to Backtest
Running the Backtesting Process
Adjusting and Optimising Risk Parameters
Your benefits
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Avoid findings during audits by providing comprehensible and documented analyses of the thresholds and other risk parameters to be audited.
Ensure compliance
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Reduce false positive rates and identify new, previously undetected cases with an optimally tuned monitoring system.
Better hit quality
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Benefit from the many years of experience of our experts, who not only have in-depth compliance know-how, but are also very familiar with your monitoring systems - both technically and professionally.
Save time with expert backtesting
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Services overview
Have a question? Contact our experts
Dirk Findeisen
Managing Partner
Expert for Financial Crime Compliance | 20+ Years of Experience in Governance, Risk & Compliance (GRC), Data Management, Advanced Analytics, and Corporate Performance Management | Author, Speaker, Lecturer
