ANTI-MONEY LAUNDERING INVESTIGATION

Automate the lower-end of AML alerts investigation through a knowledge-assisted process

WHAT'S INVOLVED?

Transaction monitoring systems generate numerous AML alerts and each alert needs to be eye-balled. Determining whether an alert is a false positive or the activity is unusual and reportable can be time-consuming and data-intensive. For the alerts that qualify for Suspicious Activity Reports, SARs are filed with FinCEN as mandated.
To bring down compliance cost, there is a need to reduce the time spent per investigation case and to reduce the number of false positives.

THE PROCESS

WHAT WE CAN DO

Increase Productivity By Upto 50 Percent

Reduce Overall AML Program Cost by More Than 30 Percent

Conduct, Record and Audit the Entire Investigation Process on a Single Platform

Reduce False Positives by 20-40 Percent

BENEFITS

The AML Investigation Solution Complements Existing Investments in Screening and Case Management But Can Supplement them Where there are Missing Functions or Capabilities; Identifies False Positives Using Fine-Grained Screening Rules

Pre-Populates Investigation Reports with Supporting Evidence, Learns from Investigators’ Actions, Continuously Improving Pre-Processing and Screening of Cases

Provides Full Audit History of All the Actions Performed by Investigators

Unique User Interface is Designed Around the Ad-hoc Nature of Investigation, Providing a Complete Set of Tools to Drill Down, Analyze, and Report on Transactions and Customer Details

Seamless integration with NextAngles KYC (Know Your Customer) Module

Generates Complete Customer and Account-Level Risk and Behavior Profiles, which Can Be Aggregated Across Multiple Lines of Business and Customers’ Organizational Control Hierarchies