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Simple AML Suite™ - Enterprise AML & Fraud Detection Solution
International regulatory pressures
on banks and financial institutions to combat money
laundering and terrorist financing
have intensified at an unprecedented
rate. That's why it is important
for financial institutions to ensure
they have efficient systems in place
to meet compliance regulations
and provide effective defenses
against money laundering, terrorist
financing and financial crime.
Simple AML Suite™ is a simple, one-stop enterprise AML & fraud detection solution
to meet the demanding compliance regulations by eliminating the risks of processing
illegal transactions and detecting high-risk customers.
Simple AML Suite™ Compliance Software consists of the following three(3) components:
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AML & fraud detection builder
It provides easy to use interface for compliance officer to profile entities,
such as customer and accounts; and to create rules to detect unusual behaviors or activities.
Hence, it gives users great flexibility to tailor a compliance solution to specific business needs and risks,
as regulatory requirements change or new types of wrong-doing evolve.
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| 2 |
Data Analytics
It offers business intelligence and analytical reporting
that provide clear visibility into compliance and fraud prevention.
It also provides trend analysis, peer group analysis, etc.
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Case Management.
It allows users to manage alerts and cases. It has a rich workflow and document management,
alert notification and alert forwarding via email.
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Simple AML Suite™ is fully-integrated with Simple OFAC Suite™
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AML & Fraud Detection
