Anti-Money Laundering
The solution for the prevention and detection of Money Laundering and Financing of Terrorism aims, through the monitoring of Customer data and transactions, at issuing alerts based on the rules set by the Financial Institution. These alerts are
Filtering
Filtering of data from entities against sanctions lists which are public (e.g. OFAC, EU), private (e.g. WorldCompliance, Dow Jones/FACTIVA) and internal to the Financial Institution.
Automatic Alerts
Generation of automatic alerts, based on the monitoring of suspicious or unusual transactions.
Management of Risk Profiles
Automated management of risk profiles associated with money laundering and financing of terrorism, based on pre-defined classification rules.
Correlation between Suspected Cases
Identification of relationships between cases through the viewing of network maps.
Document Maintenance
Possibility of attaching and managing notes and documents associated with each process.
Workflows
Management of analysis processes and communication based on pre-defined workflows.
Integration with
Core Banking
Integration with the Core Promosoft Financial Suite, thus enabling synergies in the implementation and maintenance, providing greater security and long-term robustness.
Increased Efficiency
Improved efficiency in the analysis and reporting of suspected cases to the regulatory authorities, with control of the process status and associated documents.
Increased Effectiveness
The solution, by centralising all process information, allows a faster response to any requests made by the authorities and other Financial Institutions.
Standard Compliance
Compliance with the Legal Framework of each geography.
Risk Reduction
Reduction of the reputational, operational and regulatory risk.