Set AML Policies
With Fordefi's AML integration, users can set policies to define what action should be taken in case of an alert from the AML provider configured in their organization. The policy rules can be highly granular, allowing customization based on the risk, direct and indirect impact, severity, and more.
The AML Policy approval process itself is customizable - administrators can define whether, upon an alert from the AML provider, the transaction should require approval from a minimum number of approvers or from specific combinations of approver groups; alternatively, admins can configure the system to automatically approve the transaction.
Every transaction is matched against both configured transaction policy and the AML policy and, in case of a match, the following logic will be applied:
- In case the action of one of the matched rules is "Block", the transaction will be blocked.
- In case one is "Allow" and the second one requires approval, the transaction will be pending approval from the spcified users in the relevant rule.
- In case both transaction and AML matched policy rules require approvals, the required approval quorum is a union of both applied rules.
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