Banks
The AML-TRACE Anti Money Laundering solution is a one-time installation software that identifies & minimizes the risk banks may be subjected to due to money laundering & financial terrorism activities.
It has an in-built Name Screening feature that gives a clear picture of entities whose names are in blacklists. Another feature–Customer Risk management helps categorize risk and update customer risks.
AML-TRACE helps banks identify potential threats so as to keep track of nefarious activities by criminals, all while helping them achieve regulatory compliance.
It can be flexibly deployed, and its features can be configured as per the needs of the financial institution so as to maximize the security against financial fraud.
The software is equipped with the Customer Screening mechanism that includes PEP screening and Sanctions Lists screening. Then, there’s the feature of continuous Transaction Monitoring right from client onboarding till the end of their lifecycle.
AML-TRACE also generates SARs and STRs for you to keep track of all illicit criminal activities. Get to know about all money laundering threats, reduce False Positives, and minimize financial fraud with AML-TRACE.