I, Banyong Fonyam Jonie Jr., am a lawyer and expert in Transaction Monitoring. I support financial institutions, fintech firms, NGOs, and multinational businesses in designing and implementing robust transaction monitoring systems that detect suspicious activities in real time. With deep legal insight and regulatory experience, I help organizations meet anti-money laundering (AML) and counter-terrorist financing (CFT) obligations while minimizing operational and reputational risks.
What Is Transaction Monitoring?
Transaction Monitoring is the process of reviewing financial transactions to identify unusual or suspicious patterns that could indicate money laundering, fraud, terrorist financing, or other financial crimes. It is a key requirement under AML/CFT laws and is essential for maintaining regulatory compliance and trust with stakeholders.
Effective transaction monitoring enables you to:
- Detect suspicious activity in real time or through periodic reviews
- Identify unusual customer behavior and transaction patterns
- Flag high-risk transactions for further investigation or reporting
- Comply with national regulations and international standards (e.g. FATF, CEMAC, GABAC, OFAC, EU AML directives)
My Transaction Monitoring Services
I provide comprehensive legal and compliance solutions that help organizations establish or improve their transaction monitoring frameworks:
1. Transaction Monitoring Program Design
- Structuring monitoring programs tailored to your risk profile and business model
- Identifying key risk indicators and triggers based on customer type, geography, and transaction type
- Ensuring alignment with AML/CFT regulations and internal risk policies
2. Rule-Based & Behavior-Based Monitoring
- Advising on rule logic and thresholds for different transaction types
- Supporting the implementation of behavior-based or AI-enhanced monitoring systems
- Helping you move from reactive to proactive risk management
3. Review and Testing of Monitoring Systems
- Conducting audits of existing monitoring tools to ensure coverage, accuracy, and efficiency
- Identifying system gaps and recommending enhancements
- Ensuring alerts are actionable, prioritized, and properly documented
4. Suspicious Transaction Escalation Procedures
- Creating workflows for investigating and escalating red flags
- Supporting the preparation and filing of Suspicious Transaction Reports (STRs)
- Advising on recordkeeping and regulatory reporting requirements
5. Training and Awareness Programs
- Training compliance teams and staff on how to identify and report suspicious activity
- Enhancing the understanding of transaction patterns linked to fraud, terrorism, and money laundering
- Promoting a culture of compliance and accountability
6. Regulatory Compliance and Audit Readiness
- Preparing organizations for AML/CFT audits and regulator inspections
- Ensuring full documentation of monitoring efforts and audit trails
- Assisting in post-audit remediation and reporting
Why Choose Me for Transaction Monitoring Compliance?
✔️ Legal Precision – As a qualified lawyer, I bring legal depth and regulatory clarity to every monitoring strategy.
✔️ Tailored Approach – My solutions are not “one-size-fits-all”; they are customized to your operational realities and risk tolerance.
✔️ Cross-Sector Experience – I have advised banks, fintech companies, NGOs, and service providers across diverse industries.
✔️ Risk-Based and Practical – I help clients build systems that are effective, efficient, and legally defensible.
Who Needs Transaction Monitoring Services?
- Banks and Microfinance Institutions
- FinTech Platforms and Payment Service Providers
- NGOs, Donor-Funded Projects, and International Organizations
- Insurance Companies and Forex Bureaus
- Real Estate and Legal Professionals
- Money Transfer Operators and E-commerce Platforms
Let’s Build a Monitoring System That Protects and Complies
In today’s complex financial environment, transaction monitoring is more than a regulatory checkbox—it’s a strategic compliance tool. I help your business stay compliant, protect its reputation, and detect threats before they become liabilities.