A research project backed by the UK think tank Royal United Services Institute has identified 15 information-sharing tools that could help banks identify illegal transactions. Countries including the US, UK and the Netherlands with bank information-sharing platforms employ several tools such as identifying money mules or secure messaging for banks on the platform. One of the cutting-edge tools identified is the Transactie Monitoring Nederland, which includes the five largest Dutch banks. The platform allows them to pool encrypted customer transaction data to look for unusual transaction patterns.
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