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Anti Money Laundering (AML) Solution
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This Anti-Money Laundering Solution lets you
monitor transactions by creating
global and account
level profiles. The trade blotter is primarily used to
classify transactions. Suspicious activity can be mapped to
historical transactions to identify trends. |
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Challenge |
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Money Laundering creates the
following challenges for compliance officer: |
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Isolate unusual activity and prioritize most
likely suspects |
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Handle
high volume transactions and multiple relational
categories |
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Demonstrate due diligence in the area of compliance
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Solution |
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To meet the
above challenge, our solution lets create global and account
level profiles to monitor various aspects of transactions.
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Trade Blotter is primarily used to
classify transactions. Suspicious activity can be mapped to
historical transactions to identify any trends. This
solution can integrate with a case manager to track
suspicious activity |
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Captures
unusual Activity and identity suspicious behavior
using historic, transactional, real time and external sources |
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Comprehensive reporting capabilities with manual
suspect reports providing additional case building evidence |
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Benefits |
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Provide greater visibility into all possible
suspicious and illegal activities that may affect a
firm's business and customer relationships |
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Protect your firm's reputation by detecting
potential Money-Laundering activities quickly and
addressing them instantly. When money laundering is
detected too late, the damage to a financial
institution's reputation from negative publicity is
often irreversible |
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Avoid losses
resulting from stiff penalties from noncompliance by detecting and preventing possible money-laundering
activities before they occur |
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Key Capabilities |
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Case Manager
lets a compliance officer review the details of the
case and then decide whether the match is Suspicious by
logging research action and notes |
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eRules
enables setting up and configuring database driven
rules via global and account level profiles |
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Anti-Money Laundering Software | AML | Money Laundering |
Fraud detection OFAC Compliance | OFAC Monitoring |
Anti-terrorism and Due
Diligence | Anti Money Laundering AML | Anti Money
Laundering Compliance | Account Activity Monitor | Anti
Money Laundering | Anti Money Laundering Solution | Banks |
Brokerages | Insurance Companies
| Credit Unions | Money Service
Business | Futures Merchants | Thrifts | Mortgage Companies | Mortgage Brokers | Mortgage Lenders | Mortgage Originators| Mutual Funds | Casinos | Card Clubs | Shippers | Receivers | Data Processors |
Casinos and Mortgage Brokers |
Bank Software | Brokerage
Software | Compliance Software |
Credit Union Software |
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