AML at a building society scale

BOURNEMOUTH, UK -- As major financial institutions implement increasingly sophisticated monitoring systems, criminals are likely to turn to smaller organisations to launder money. To make sure it isn’t a target for such activity, Portman Building Society is implementing a transaction monitoring system that will help it detect fraudulent activity. But without the resources or potential savings of a big bank or credit-card company, Portman has had to look for a cheaper solution more appropriate to