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Analysis of interbank messages for the enforcement of financial regulations

In the context of the recent policies concerning anti-money laundering and counter terrorist financing defined by the Financial Action Task Force Recommendation 16, it is the responsibility of the financial institution to monitor the quality of the information present in wire transfers. To that end we present in this paper an approach to automate the monitoring and the validation of the information contained in interbank transfer messages. The approach is backed by a solution built around an event-driven architecture where the data is processed as a stream and transformed at each stage. This architecture is in line with the latest research in data warehouses with stream data processing. We show that our approach is suitable to the requirements and the standards in the banking industry.

Nam-Luc Tran, Analysis of Interbank Messages for the Enforcement of Financial Regulations, proceedings of Journées francophones sur les Entrepôts de Données et l’Analyse en ligne, Bruxelles, Belgium, April 2015.

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