Our Risk Management solution helps organizations comply with evolving and complex anti-money laundering (AML) regulations such as Know Your Customer (KYC) requirements.
We help ensure critical customer information is captured efficiently and accurately to meet KYC requirements such as customer due diligence and enhanced due diligence (CDD/EDD) during the complete customer life cycle. AML KYC enables organizations to identify unusual behavior that could indicate money laundering, tax evasion and fraud. Financial organizations without proper AML KYC functionality in place miss the full picture of each customer’s behavior pattern and financial activity.
Our Risk Management solution provides the comprehensive capabilities to detect, alert, manage and report money laundering threats to compliance officers.
We monitor policyholders, beneficiaries, agents and employees for criminal activity. Our solution scans transactions and events involving policies, parties and products based on known money laundering scenarios, such as lump sum payments, early withdrawals, frequent address changes or high-risk payment methods. Watch list filtering screens customer and vendor data against sanctions and PEP lists, as well as custom lists and those provided by third-party data service providers
Automated AML case management capabilities, combined with monitoring and alerts, enable investigators to perform more effectively and help mitigate financial crime risk.
The focus of any anti-money laundering (AML) program is the investigation of suspicious activity. Our Risk Management solution provides a fully integrated case management solution to streamline compliance operations and help investigators organize, prioritize and manage investigations – while creating a permanent audit trail for regulatory review, if needed. All relevant information related to a case can be stored and easily updated as new information and evidence is uncovered.
Our Risk Management solution delivers powerful analytics and visualization capabilities to optimize AML reporting with a transparent, data-driven, risk-based approach.
Organizations want a robust AML reporting system to effectively meet anti-money laundering (AML) mandates for regulatory and internal reporting. Our solution 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.