MSIT-AML - Anti Money Laundering
Anti Money Laundering is developed and supported by Management Solutions IT and Digital Systems.
Our application effectively monitors bank customer transactions on a daily basis and, using customer historical information and account profile, provides a “whole picture” to the bank management.
Our AML Solution helps to reduce exposure to money laundering and terrorism financing activities including new FATCA regulations. Transaction monitoring can include cash deposits and withdrawals, wire transfers and ACH activity.
With Anti Money Laundering, institutions can create an enterprise wide view of customer relationship and risks, monitor activity using multiple detection methods, investigate and document suspicious cases, and produce required regulatory reports. All within an integrated solution built on data management and analytic capabilities.
Anti Money Laundering is an enterprise solution that facilitates the critical task of suspicious activity monitoring using a risk-based approach.
Your benefits from Anti Money Laundering
The Anti Money Laundering solution applies advanced analytics and scenarios against an institution’s transactional data to identify suspicious behavior.
Once identified, the investigative function provides a seamless workflow that increases effectiveness and efficiency.
Our Anti Money Laundering software helps organisations manage situations of noncompliance and develop a sustainable and cost-effective solution to ongoing DS – AML compliance. The risks of non-compliance include civil, monetary and criminal penalties, increased regulatory attention and reputational damage.
AML is useful for institutions having problems associated with accepting cash for remittance back home when taken against the potential ramifications of AML legislation – meaning that the business is very risky.
Functional Highlights
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