The five Dutch banks, ABN AMRO, ING, Rabobank, Triodos Bank and the Volksbank, have joined forces under the name Transaction Monitoring Netherlands (TMNL). Together, they intend to tackle financial crime by collaboratively monitoring the banks’ payment transactions for signs that could potentially indicate money laundering and the financing of terrorism.
Collaborating towards effective transaction monitoring
The way we work
TMNL combines transaction data from the various banks and makes meaningful connections between this data. TMNL is creating smart models to detect these potentially unusual transactions. These models are used effectively and responsibly, while excluding risks — such as the risk of discrimination — in the process.