ANTI MONEY LAUNDERING
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Anti-Money Laundering Technology And Solutions For Banks And Non-Banking Financial Institutions



Anti-Money Laundering

Tech4UK leverages technology and our experience to create solutions that are forward thinking, anticipatory, holistic, and most importantly, effective.

We offer a proven skill and delivers best-in-class Anti Money Laundering (AML) consulting and automated AML solutions to financial institutions the world over.

Our deployment strategies are tailored to meet the individual needs of our clients in the context of a risk-laden world. Our approach is to provide the most protection in the most intelligent, effective and cost-efficient manner.

AML Solution Platform

Our AML Platform combines cutting-edge technology and proven processes as well as protocols to facilitate comprehensive compliance with primary and secondary AML regulatory requirements.

It is an automated transaction monitoring, analysis and reporting solutions that creates a dashboard for AML compliance for banks and non-bank financial institutions. Banks, Registered Investment Advisors (RIAs), broker dealers, MSBs, insurance companies, credit unions use the AML as the backbone for their compliance program.

AML Solution Components

SOLUTION OVERVIEW

  • Fraud Management Platform
  • Module for KYC List Screening
  • Interface with core banking and other source systems — Create and manage customer risk profiles
  • Maintain black lists and watch-lists
  • Monitor transactions
  • Report transactions
  • Maintain records

RISK MANAGEMENT

  • Wide Parameters and sub parameters for risk definition
  • Assignment of Risk weightage based on parameters
  • Weighted average calculation for risk
  • Create lists for trusted customers
  • Detailed risk profiling of existing and new customers
  • Periodic monitoring based on risk profiling
  • Create exceptions for trusted customers

KYC FOR FRAUD AND AML

  • List screening with fuzzy logic screening engine
  • KYC mandatory information check
  • Missing mandatory fields
  • Workflow for Fraud Risk Due Diligence and Enhanced Risk Based Due Diligence
  • Account/Customer risk categorization/risk based scoring
  • High medium or low risk customers/accounts
  • List management and exception lists
  • Checks on international wire transfers

TRANSACTION MONITORING

  • Existing canned rules library for fraud patterns
  • Integration of fraud rules, patterns and detection requirements by Bank within the implementation phase
  • Rule builder to enable self-building of new rules by Bank
  • Capture unusual and potentially suspicious and fraudulent activities
  • Generate and manage alerts for potentially suspicious entity and transactions
  • Single and aggregated transaction alerts

ALERTS MANAGEMENT

  • Define / Assign and prioritize alerts
  • Manage false positives
  • Alert resolution workflow

CASE MANAGEMENT

  • Alerts / View customer history and verify customer and transaction info through dashboard
  • Analyse links transactions — include evidence
  • Case resolution workflow and report filing
  • Hierarchy and role based user management

REPORTING

  • Configure, schedule and generate reports
  • Fraud Reports as per bank requirement
  • Compliance reports — and other regulatory fraud reports
  • Transaction reports / Performance reports / MIS
  • Regulatory /Threshold / Custom reports

ANALYTICAL TOOLS

  • KYC entity missing fields report/enrichment
  • Transactions dashboard
  • De-duplication
  • Rule Widgets
  • Entity relationship
  • Report a suspicion

CORE SOURCE SYSTEMS

  • Banking (Core, Remittance, Loan, Credit, Debit and All relevant banking source systems)
  • Insurance
  • Credit and Debit cards
  • Securities
  • Mobile Banking
  • Finance

SOLUTION BENEFITS

  • Micro warehouse
  • Customer intelligence
  • Data mining and analytics for non-fraud purposes

ENQUIRY

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Suppliers & system integrators:

At Tech4UK we specialize in Supplying, performing systems integrations and providing solutions for Telecom and Enterprise IT at very affordable prices.

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