#QuickBiteCompliance Day 3
Today we delve into understanding the concept of an Alert in compliance. An Alert is essentially a review triggered by red flags that demand analyst attention. In the realm of know-your-customer procedures, alerts pinpoint potential discrepancies flagged either manually or through automated systems, based on predefined red flags and typologies. In the context of sanctions screening, an alert signifies a hit, or multiple hits, of an internal record cross-checked against sanctions screening lists. If not easily resolved as false positives, alerts typically lead to further investigations.
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#InclusiveRegtech #alert
Learn more about compliance terms at: https://www.acams.org/en/resources/aml-glossary-of-terms#a-9799feca
