On July 10, the five largest banks in the Netherlands—ING, Rabobank, ABN Amro, Triodos Bank and De Volksbank—formally established Transaction Monitoring Netherlands (TMNL), a first-of-its-kind mechanism for jointly monitoring transactions. The utility will allow the banks to run transaction monitoring alerts over almost the entire retail banking network in order to identify previously unknown criminal networks. Our expert panel of senior compliance officers, a program manager and public sector official will talk about the efforts that were required to get TMNL to launch, the organizational, legal and technical challenges involved, and how the project can prove to be a ‘game changer’ for the banks’ AML compliance efforts.