With increasingly stringent regulatory requirements in Brazil, operators need tools that allow effective monitoring without overloading operations. After all, customizing AML rules is key to balancing risk protection and operational efficiency.
Flexibility in AML rules: why is it essential?
iGaming platforms operate in a dynamic scenario, where different bettor profiles and types of transactions require different approaches to monitoring.
Therefore, having the ability to configure customizable rules for detecting suspicious activities is essential to ensure that the compliance system is efficient, without generating irrelevant alerts or creating an excessive workload.
Adjusting alerts according to the bettor profile
Different gamblers have different financial behaviors. A frequent gambler with smaller stakes may have a completely different transaction pattern than an occasional gambler with larger transactions.
With the flexibility to define customized rules, it is possible to create specific alerts for each type of gambler, which means that a monitoring system may, for example, be more sensitive to large deposits from occasional gamblers, while a regular gambler with consistent transactions and within expected values may generate fewer alerts.
Setting thresholds appropriate to risk appetite
Customizable rules allow the platform to set variable thresholds for different types of transactions, such as deposits, withdrawals and bets.
This allows it to adjust the alert levels so as not to generate false flags in legitimate transactions, without compromising the effectiveness of the system.
For example, if the platform is more willing to accept a certain level of risk for a specific gambler profile, it can set higher limits for alerts compared to another higher-risk profile.
Reducing false positives and increasing efficiency
Reducing false positives is one of the biggest advantages of using an AML system with customizable rules.
That is, false positives not only distract compliance staff, but also consume valuable resources, resulting in more manual work and increasing the likelihood of overlooking truly suspicious cases.
Implementing flexible rules, such as classifying transactions based on user history or combining fractional deposits and withdrawals, can reduce the incidence of unnecessary alerts.
* Example of reducing false positives: By setting an alert for small-value transactions split over a short period of time, it is possible to prevent regular bets from a user with consistent financial behavior from being flagged, while still being able to identify suspicious movements in large bets or from new bettors.
* Intelligent alert reduction: Advanced AML tools allow the system to screen transactions in real time, eliminating the need for manual review in cases that do not represent risks, such as low-value transactions or transactions within normal patterns for the bettor. This frees the compliance team to focus on analyzing truly relevant cases.
How customization helps reduce regulatory risks
The flexibility to customize AML rules also directly contributes to mitigating regulatory risks.
In Brazil, the requirements of Ordinance 1143 are clear: platforms must monitor all transactions and identify possible signs of money laundering, such as unusual transactions or suspicious financial behavior.
With rules that adjust to the risk matrix of the operation, the platform can ensure that alerts meet regulatory requirements without generating a data overload that compromises analysis.
* Examples of customizable rules to mitigate regulatory risks:
- Fractional movement: multiple deposits or withdrawals of low value in a short period may indicate attempts to hide large amounts, something that can be easily monitored with customizable rules.
- Withdrawals without adequate movement: if the withdrawal does not correspond to a previously bet amount (for example, withdrawing more than the bet), this generates an alert of possible money laundering.
How to customize the AML platform for your business
To implement an AML system that fits your operation's risk matrix, it is essential to have a system that allows you to modulate rules according to the bookmaker's needs.
This system must not only ensure compliance with legal requirements, but also operational efficiency, by eliminating manual work and providing real-time auditable evidence.
In more detail:
* Intelligent data integration: a system that integrates real-time transaction monitoring, due diligence (such as criminal background checks and process records) and automatic reports for COAF offers a complete platform that not only facilitates regulatory compliance, but also reduces the risk of human error.
* Complete solutions for the compliance journey: in addition to customizing rules, integration with solutions such as KYC (Know Your Customer) and Geolocation allows for more complete monitoring of bettor behavior, making the system even more accurate and efficient.
Advanced AML technology for iGaming: the ideal solution for Brazilian betting
If your iGaming platform still relies on manual or rigid systems for AML monitoring, it may be time to consider an automated and customizable solution.
This is because advanced AML technology allows you to reduce false positives, eliminate manual work and improve accuracy in detecting suspicious patterns.
Ensure compliance and efficiency of your operation with an adaptable solution. Discover the most efficient AML solution on the market and ensure real-time monitoring, customized alerts and reports to Coaf with just one click!
Source: Legitimuz
