Banks and financial institutions are required to monitor client transactions for indicators of money laundering activity in order to meet AML/CFT compliance requirements. However, because that process requires companies to collect and analyze a large quantity of data, manual transaction monitoring may be resource-intensive, time-consuming, and fraught with costly human mistakes. AML transaction monitoring software, on the other hand, assists companies in mitigating such variables, boosting accuracy and efficiency, and improving a firm’s compliance performance. Firms should understand not only