Overview One of the world’s biggest banks was in serious trouble. It was facing regulatory action because of deficiencies in its anti-money laundering (AML) compliance activities. The bank needed to improve its transaction monitoring, and it didn’t have much time. One specific area it needed to improve was counterparty identification capabilities, to ensure that information flowing into the transaction monitoring system was accurate and complete. The financial institution’s counterparty data was in disarray, with crucial identifiers missing from some transactions. Because of these data management problems, trillions of dollars in transactions were flying below the bank’s compliance radar every year. Business challenge The bank prepared to roll out a new transaction monito

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