‘Relavance AML/Compliance’ is an Augmented Intelligence-enabled application that uses comprehensive Associative Database techniques to reduce false-positive alerts while increasing true Suspicious Activity Report (SAR) identification. 

The Anti-Money Laundering Compliance Analyst is responsible for performing CIP, KYC, and AML compliance functions. 
Such functions include efficient gathering and reviewing of new client information, as well as monitoring financial transactions for existing clients to identify suspicious activities. 

Many finance companies need sophisticated financial and other monitoring systems to enable law enforcement agencies to detect suspicious transactions or activities and need to set up international cooperative arrangements to assist 
each other in these endeavors.

The United Nations Office on Drugs and Crime (UNODC) estimates that the amount of money laundered globally in one year is "2–5% of global GDP, or $800bn – $2tn in current US dollars.  

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.
The overall scheme of this process returns the "clean" money to the launderer in an obscure and indirect way.

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Banks are facing million-dollar fines for breaches of anti-money laundering and counterterrorism financing laws in failing to report millions of international money transfers.
Large financial institutions need to support departments in fulfilling their task to combat money laundering, terrorist financing, and corruption.