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 to 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.

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 to 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.

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

illustration of the process

The Process

illustration of the process

The Process

illustration of the process

What We Can Do

illustration of the key performance indices

What We Can Do

illustration of the key performance indices

What We Can Do

illustration of the key performance indices

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