Rules-Based Monitoring, Alert to SAR Ratios, and False Positive Rates – Are We Having The Right Conversations?

There is a lot of conversation in the industry about the inefficiencies of “traditional” rules-based monitoring systems, Alert-to-SAR ratios, and the problem of high false positive rates. Let me add to that conversation by throwing out what could be some controversial observations and suggestions… Current Rules-Based Transaction Monitoring Systems – are they really that inefficient? […]

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About Jim Richards

After almost 13 years as Wells Fargo's BSA Officer and Global Head of Financial Crimes Risk Management, Jim now reaches out on his own as RegTech Consulting LLC in order to help develop the next generation of financial crimes professionals, technologies, regimes, and relationships. Jim's specialties include developing the next generation of AML and financial crimes professionals, technologies, regimes, and relationships: BSA Officer Coach, Cannabis/Marijuana Industry Consulting, Director Support, Crisis Management, Program Reviews, Team Training & Awareness, FinTech Vendor Due Diligence, and offering Expert Testimony.

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