Purpose
1. The automation option “Real-time monitoring and alerting for money laundering activities” automates the detection, analysis, and alerting process to ensure immediate compliance with anti-money laundering (AML) obligations.
2. This automator continuously scans betting transactions, customer activity, and funds movement to automatedly identify suspicious behaviors according to legal thresholds.
3. It automates the creation and delivery of alerts, reports, and audit logs for regulatory transparency and actionable compliance.
Trigger Conditions
1. Transaction exceeding preset value thresholds automatedly triggers investigation.
2. Rapid, large-volume deposits/withdrawals that do not match customer profile.
3. Betting patterns matching AML risk models.
4. Multiple account or device usage linked to one identity.
5. Automated rules based on geolocation, payment method, or unusual time patterns.
Platform Variants
1. AWS Lambda
- Feature/Setting: Automate serverless execution of monitoring code; set triggers on DynamoDB Streams for real-time alerting.
2. Azure Logic Apps
- Feature/Setting: Automate compliance flows by creating Logic Apps with conditions on transaction records; automate outbound alerts to compliance staff.
3. Twilio SMS
- Feature/Setting: Automate sending SMS alerts using Twilio Programmable SMS API; configure: “Send SMS” action on detection.
4. SendGrid
- Feature/Setting: Automate email alerts via SendGrid Mail Send API; configure dynamic templates for alert message details.
5. Slack
- Feature/Setting: Automate incident notification to compliance channels using Slack Webhooks; configure: message blocks for AML alerts.
6. Microsoft Teams
- Feature/Setting: Automate posting alert cards to Teams channels with actionable buttons for escalation.
7. Zapier
- Feature/Setting: Automate connecting transaction monitoring apps and compliance databases; use “Webhooks by Zapier” automation.
8. Google Sheets
- Feature/Setting: Automate logging suspicious activity data into sheets via Sheets API for audit trails.
9. PagerDuty
- Feature/Setting: Automate incident escalation using PagerDuty Events API for AML flagged activities.
10. ServiceNow
- Feature/Setting: Automate ticketing for AML compliance cases with ServiceNow’s Incident Management API.
11. Salesforce
- Feature/Setting: Automate compliance case creation in CRM using Salesforce REST API on trigger.
12. Jira
- Feature/Setting: Automate creation of compliance issues via Jira REST API for flagged transactions.
13. Splunk
- Feature/Setting: Automate log ingestion and real-time alerts using Splunk’s Alert Actions for transaction data.
14. Rapid7 InsightConnect
- Feature/Setting: Automate detection flows using orchestrations, triggering incident investigation on detection.
15. Google Cloud Pub/Sub
- Feature/Setting: Automate event-driven AML workflows by pushing suspicious event data to Pub/Sub topics.
16. IBM QRadar
- Feature/Setting: Automate correlation rules and real-time alerts for suspect patterns.
17. Okta
- Feature/Setting: Automate additional verification workflows for flagged accounts via Okta workflows automation.
18. Intercom
- Feature/Setting: Automate compliant customer messaging with Intercom’s Message API upon detection of anomalies.
19. HubSpot
- Feature/Setting: Automate creation of compliance tasks using HubSpot Automation API.
20. DocuSign
- Feature/Setting: Automate the distribution of compliance confirmation forms required post-alert, using DocuSign API.
Benefits
1. Automates time-consuming monitoring, reducing manual review.
2. Automatedly improves detection rates and regulatory adherence.
3. Minimizes response time to suspicious activity via instant multi-channel alerting.
4. Enables automatable audit trails for compliance and investigation.
5. Automates escalation paths, making compliance processes robust and repeatable for betting agencies.