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Anti-Money Laundering

An automated solution to monitoring transactions

 
 

As electronic transactions increase, so too do strict monitoring controls and advanced detection methods, hence protecting your business has never been more important than it is today. Financial institutions cannot risk falling victim to money laundering activities that result in losing the trust of their clients, damaging their reputation and consequently losing out in market share. Accordingly, we have formed a valuable alliance with Thomson Reuters, whose Anti-Money Laundering (AML) solutions help to uncover hidden risks in both business and human networks.

VALUABLE ALLIANCE

To ensure we chose the most effective AML partner, we took into consideration compliance with the Australian Privacy Act as well as the implications of sending data offshore. Thomson Reuters fulfil both these obligations as well as provide our clients with an appropriate price point. Their automated solution combines Transaction Monitoring with World Check Risk Intelligence to implement pre-built risk scenarios to monitor transactions and identify and alert unusual patterns of activity.

INTUITIVE SYSTEM

The combination of predictive analysis, market leading intelligence and smart automation offers a highly effective method to uncover hidden risk and efficiently comply with Know Your Customer (KYC) regulations including AML, Counter-Terrorism Financing and Politically Exposed Persons and Sanctions. The system is based on intuitive predictive modelling to minimize false positives and increase accuracy.

 

Our awareness of the high level of regulatory focus that is concentrated on AML has obligated the assurance to provide clients with a strategic solution fully-integrated with our Core Banking System that will provide fast, effective and accurate screening.