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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

HOW DO YOU BENEFIT?

 

  • 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