This is a news story, published by The Rage, that relates primarily to The Wolfsberg Group news.
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Suspicious Transaction ReportsThe Rage
•86% Informative
The Wolfsberg Group issued a statement on the effective monitoring of suspicious activity to improve the performance and accuracy of detection models used to investigate financial crime.
The statement concludes that existing methods for monitoring of suspected activity "are inefficient and ineffective at producing timely outcomes that are useful to law enforcement" A "True Risk-Based Approach " to yield "higher value, quality outputs" is proposed in attempts to ensure that Financial Institutions "allocate resources toward mitigating crystallised risk".
VR Score
91
Informative language
99
Neutral language
48
Article tone
formal
Language
English
Language complexity
93
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
long-living
External references
3
Source diversity
3
Affiliate links
no affiliate links