Ongoing Monitoring of new and existing customers is a very important task for financial institutions.
To avoid financial fraud, MSBs perform KYC and Ongoing Monitoring of customer's transactions to check whether this transaction is expected from the particular customer or not. Many financial institutions continuously monitor their customers to observe any changes in the politically exposed person (PEP), sanctions, and negative media. AML-TRACE is an automated software that helps in tracking the changing risks. To know more visit our website.
