REAL-TIME AML SOLUTION
Real-time AML solution helps banks and financial institutions automate, streamline and comply with existing and emerging regulatory AML/CFT compliance programs.
The solution suite comprises of 6 key modules viz.
AML application is fully integrated software solution developed specifically for use by Financial Intelligence Units (FIU’s) and is one of UNODC’s strategic responses to financial crime, anti-money laundering and terrorist financing.
Developed by United Nations Office on Drugs and Crime (UNODC), AML is intended for use of FIU’s as a means for gathering regulatory reporting information and allowing regulatory report entities and intelligence authorities to analyse and share information that can help identifying a criminal activity in a quick, secure and confidential method.
Highlights of the System
Fully automated AML compliance program starting from customer on-boarding to ongoing relationship monitoring.
Monitors suspicious money laundering activities in real-time and takes the right decision at the right time as opposed to end of day reporting and analysis.
Compliance with regulators by timely filing of various regulatory reports including CTR, STR/SAR reports.
Integrated reports and dashboards providing insights on the efficiency and effectiveness of the AML System.
Key Advantages
Real-time approach to monitor and detect suspicious money laundering transactions.
Improved regulatory compliance and customer confidence.
Quicker implementation owing to pre-packaged AML scenarios and built-in interfaces for integration.
Low cost commodity hardware infrastructure leading to reduced TCO.