Organizations want a robust AML reporting system to effectively meet anti-money laundering (AML) mandates for regulatory and internal reporting. AML Risk Manager offers advanced reporting capabilities so organizations can meet regulatory and tax compliance reporting requirements, including cash threshold reporting, suspicious activity reporting and suspicious transaction reporting (FATCA, CRS, CTR, SAR, FinCEN, FINTRAC), with predefined reports and electronic file processing.
AML Risk Manager provides a highly structured data mart for self-service management reporting and data visualization. Users can gain insights on business data like customers, accounts and transactions; operational data like alerts, cases and Financial Intelligence Unit reports; and organizational data like users, teams and branches.
Regulations require financial institutions to capture beneficial ownership and controlling person information. AML Risk Manager aggregates transaction data for regulatory reporting and exposes complex beneficial ownership structures through relationship visualization.
Organizations can effectively identify both financial ownership and controlling interest while being able to examine relationships in both owner-centric and entity-centric views.
An overarching view of risk can be seen through customizable dashboards. The dashboards provide executives and compliance officers with up-to-date information on the organization’s current risks.
Benefits of comprehensive AML reporting include:
Gain an overarching view of risk and meet reporting requirements with AML reporting from AML Risk Manager.