Financial institutions Compliance departments need to ensure that their respective organization fully complies with the continuously changing anti-money laundering (AML) regulations while being able to efficiently manage the costs related to this. Regulations like USA Patriot Act, Bank Secrecy Act (BSA), EU Money Laundering Directives or the 2012 Financial Action Task Force (FATF). Recommendations require financial institutions to have a robust AML program in place. They need to detect suspicious activity by those who use banking resources to introduce the proceeds of crime into legal, financial and economic circulation.
Features Analytics helps financial institutions through all AML aspects and stages. Our solution offers a truly unbiased approach for detecting money laundering activities. It can accept different streams of input data (historical transfers, cases data, sanction lists, PEP’s) to efficiently detect and signal money transfers or payments.