Legal Due Diligence · glossary
The automatic screening that flags unusual transfers for a person to review. At Solaris it failed for nine months in 2024, leaving about 3,400 alerts unreviewed. That failure is the subject of the CBI letter at 7.4.1. Report §5.1 · Chapter 8
Explained in Chapter 8, Regulatory, Compliance and AML, of Legal Due Diligence.
The CBI had inspected Solaris's anti-money-laundering systems. Its letter said that for nine months in 2024 the transaction monitoring had failed. That is the automatic screening that flags unusual transfers for a person to review. It missed a whole category of fast, repeated transfers, and about 3,400 alerts went unreviewed.Read Chapter 8, Regulatory, Compliance and AML →
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