Transaction Monitoring in Correspondent Banking: An exploration of the unique landscape of correspondent banking and how it compares to private and corporate banking

Amy FU Man Seung

The purpose of this paper is to share and shed some light on the adoption of TM methodological approach/framework, management cycle, essential components of TM program and each process’s specific techniques in correspondent banking. Not only it could assist financial institutions tailoring to their specific bank situation to ensure effective AML/CFT regulatory compliance, but it can also provide some insights to assist compliance professionals in banking, especially TM compliance investigators and practitioners.

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