Streamline Monitoring with Smart Whitelist Management

Flexible Whitelist Management for Focused Monitoring

PrimeAML’s whitelist functionality empowers AML officers to optimize their monitoring process by excluding specific clients or counterparties from particular rules. By applying white lists at a granular level, compliance teams can reduce false positive cases while maintaining robust oversight of potentially suspicious activities.

Whitelist rules can be configured to apply across all client transactions or limited to specific counterparties, ensuring tailored flexibility. Additionally, whitelists can include thresholds for transaction amounts, providing precise control over monitoring exclusions. This targeted approach allows teams to prioritize resources on genuine risks while ensuring transparent and efficient monitoring practices.

Key Features of Whitelist Functionality

PrimeAML’s whitelist framework is designed to enhance monitoring efficiency while preserving flexibility and control over exclusions.

• Rule-Specific Whitelisting.
• Client and Counterparty Whitelists.
• Threshold-Based Exclusions.
• Configurable Expiry Dates.
• Comprehensive Whitelist Reports.
• Seamless Integration with Monitoring Rules.

Why PrimeAML’s Whitelist Functionality Stands Out

PrimeAML’s whitelist functionality is a critical tool for reducing unnecessary alerts and improving the efficiency of AML operations. By providing a flexible, rule-specific approach, it helps institutions strike the right balance between effective monitoring and operational focus.

• Minimize False Positives.
  Reduce false positive cases by excluding clients or counterparties from specific rules, enabling AML officers to focus on genuine risks.
• Rule-Specific Exemptions.
  Whitelist can be applied at the rule level, allowing precise exclusions for certain clients or counterparties while keeping other monitoring intact.
• Counterparty-Based Flexibility.
  Whitelists can target specific counterparties and transactions, with optional thresholds for transaction amounts.
• Configurable Expiry Dates.
  Set expiration dates for all whitelists, ensuring periodic reviews of client behavior and counterparty relationships.
• Detailed Whitelist Reporting.
  Access comprehensive reports to review all applied whitelists, ensuring transparency and easy auditability.
• Supports Proactive Risk Reviews.
  Whitelisting with expiration ensures a proactive approach, allowing relationships to be reassessed over time.

PrimeAML’s whitelist functionality is a cornerstone for smarter, more focused AML monitoring. By reducing unnecessary alerts and ensuring that exemptions are transparent and temporary, it enhances the efficiency of compliance teams while supporting a proactive risk management strategy.