Context

VONA supported its client in the management of a strategic project aimed at implementing a solution to combat money laundering. The client wanted to replace its existing tool with a new solution in order to better meet current compliance challenges and optimize its internal processes. The objective of this mission was to improve the organization and operational efficiency of the anti-money laundering system, while ensuring compliance with regulatory requirements.

Methodology

To carry out this project, a structured methodological approach was adopted:

• Overall framework of the program : definition of the objectives, the stakeholders and the scope of the project.
• Identifying source data to be analyzed : identification and analysis of key information to be integrated into the new solution.
• Construction of a data lake and a business lake : implementation of data structures allowing the production of analysis scenarios.
• Setting up a team of Data Scientists : creation of scenarios for the detection of suspicious behavior and evaluation of their relevance.
• Alert processing workflow review : analysis of roles and responsibilities through dedicated workshops.
• Definition of an internal BPM tool : implementation of a solution integrating Business Process Management and a new user interface.
• Definition of operational reporting : creation of reports to monitor the effectiveness of processes and treatments.
• Implementation of data governance : definition of data management rules, GDPR compliance, and documentation.

Benefits

The implementation of this new solution allowed the customer to obtain significant gains:

• Regulatory Alignment : full compliance with legal requirements in the fight against money laundering.
• Increased agility : ability to quickly implement new guidelines and adapt to emerging behaviors.
• Cost reduction : savings of 30% compared to the implementation of a turnkey solution on the market.
• Improved productivity : simplification and optimization of alert processing, increasing the efficiency of the teams in charge of the anti-money laundering system.

This mission made it possible to provide the client with a tailor-made solution, more adapted to his needs, while offering better cost control and a strengthened ability to quickly align with regulatory and behavioral changes.