Today’s threats are dynamic and fast-moving. Businesses need Real-Time financial crime insight to put them in control. We enable you to understand the real risk of who you are doing business with.
One of the obligations of all DNFBP’s like Real Estate, Legal firms, Audit firms, Dealers in Precious Metals and Stones (DPMS), when it comes to the customer on-boarding process is, implementing the Risk Assessment. AML has primarily been viewed as a tedious “check-the-box” exercise to keep regulators happy, but increased risk from money laundering and terrorist financing, is bringing AML to the forefront.
With our cutting-edge AI, we provide On-site and Cloud-based anti-money laundering (AML) software, AML Trace to help Financial Institutions, Exchange Houses, Insurance Companies, DNFBP’s like Dealers in Precious Metals and Stones, Brokerage firms, Real Estate, Legal firms, Audit firms and other industries to prevent financial crimes and counter-terrorism financing (CFT) activities.
Our software makes it easy to collect, maintain and analyze your KYC data, improve the way you manage risk, On-Board clients, automate workflows and maintain a robust global compliance program.
KYC/CDD
We use the latest technological innovations to provide complete customer life-cycle risk coverage – accounting for customer on-boarding, ongoing due diligence and enhanced due diligence (EDD) processes. You will know your customer.
Reporting
Application can automatically generate Suspicious Activity Report (SARs) and Suspicious Transaction Reports (STRs) to save time and effort. Application can automatically generate the required reports at a schedule time and make it available to the officer.
Risk-Based Approach
the AML-TRACE solution for CDD/KYC enables the implementation of an enterprise-wide consistent Risk-Based Approach (RBA).
Validation
Our application supports, conducting watch list checks including names provided in internal or by external data providers to obtain a detailed view of the customer.
Continuous Monitoring
Changes to customer data, triggers a re-evaluation of customer risk and highlight any deviation in customer risk profile. Ongoing Monitoring is applied to periodically check high-risk customers on Sanction and PEP lists. The Ongoing Monitoring Process protects businesses from risks such as non-compliance and loss of reputation.
Dashboards
Compliance officers can easily view customers that are creating alerts, violating set rules and internal STR’s. The dashboards also provide backlog, workload, and performance.
Risk Rating
compiles a risk score and automatically evaluates the associated risk level by applying a scoring model using certain risk parameters such as Customer Type, Jurisdiction, Product, Payment mode and many other critical parameters.
Policy Focused
We will work with you to ensure your organization’s AML requirements are met and the outcomes that you get from your solution help you to exceed regulatory demands.
Reduce False positives
The additional insights from AI Advisor which analyze multiple additional variables over and above the rules criteria help to reduce false positives. False positives are the main troubles for businesses. AML-TRACE application, with its advanced features, reduces false positives and reduces the workload of businesses. Besides, businesses can configure the screening parameter options either by name matching %, Nationality, Date of Birth or a combination of them.
Alert Review
enables management of KYC / CDD cases, including specific release of high-risk customers and manual discounting of risk.