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KYC and AML Risk Management

A comprehensive anti-money laundering solution that ensures regulatory compliance

Reduce risk and increase operational efficiency through accurate detection and prevention of money laundering

Benefits at a glance:

Advanced analytics
Real-time and batch detection
Beneficial ownership
Watch list filtering
Management dashboards
Automated FinCEN e-Filing

Overview

To protect themselves from financial crime, institutions must comply with four essential areas of an anti-money laundering risk management program: Know Your Customer (KYC); monitoring, detection and alerts; case management; and reporting. Our solution goes beyond standard transaction monitoring to ensure regulatory compliance and comprehensive AML risk management.

As one of the most robust AML software solutions available, we offer an adaptive approach to mitigate suspicious activity surrounding potential money laundering. This enables organizations to screen, risk-rate and collect KYC information on all clients and manage risk through ongoing monitoring and due diligence. Today, more than 1,000 financial institutions globally use our solution.

Detect Previously Hidden Compliance Risk
Identify More Suspicious Activity and Reduce False Positives
KYC Scoring and Post-Investigation Intelligence
Organize, Prioritize and Manage Investigations
Robust Profiling Capability
Superior Beneficial Ownership Tools and Link Analysis
Superior Watch List Matching Capabilities

Know Your Customer (KYC)

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.

Monitoring, Detection and Alerts

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

Case Management

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.

Reporting

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.

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