Automated anti-money laundering (AML) alerts investigation and disposition system and associated method thereof

A non-transitory computer readable medium comprising computer-readable instructions stored in a memory, which when executed by one or more processors enable:

• an alert generation unit to generate alert data representative of AML alert transactions of one or more entities through a financial institution, wherein the alert data comprise the plurality of alerts, transaction data, associated entity data, transaction scenarios, the plurality of predefined customizable rules, algorithms, risk ratings of the plurality of alerts, and meta data;
• a storage server of an alert investigation system to receive the alert data from the alert generation unit;
• a trigger schedule module of the alert investigation system to trigger a plurality of alerts of the alert data based on at least one of time instances and transaction events;
• an alert pre-processing module of the alert investigation system to generate pre-processed alert data from the alert data, wherein the alert pre-processing module comprises a reconciliation module and a duplicate alerts removal module;
• and
• an investigation module of the alert investigation system to receive the plurality of alerts of the pre-processed alert data, wherein the investigation module comprises a multivariate dynamic rule engine and a decision engine, wherein the multivariate dynamic rule engine is configured to execute the plurality of predefined customizable rules and the algorithms to process the plurality of alerts of the pre-processed alert data, and wherein the decision engine is configured to generate a plurality of decisions to categorize the plurality of alerts into the one or more disposition categories based on the plurality of predefined customizable rules, predefined scenarios data, and the algorithms, wherein an automated AML alerts investigation and disposition system comprises the alert generation unit and the alert investigation system.