Adopting SupTech for Anti-Money Laundering: A Diagnostic Toolkit

The framework presented in this paper assists anti-money laundering and combating financing of terrorism (AML/CFT) supervisory authorities in the analysis of their current data technologies and the identification of potential upgrades. It is presented as a first version to be improved and expanded, informed by user experiences.The paper starts with a conceptual overview of supervisory technologies (SupTech) and related concepts, briefly setting out the technologies available for implementation to realize a SupTech-supported financial authority. The question-based toolkit then enables a financial authority to consider its current state by examining the supervisory and intelligence lifecycles, enabling financial authorities to work towards their SupTech vision.