Solutions for Analysis and Prevention of Money Laundering

Deterring money laundering and complying with national and international organizations’ regulations requires a systemization by and for the benefit of the banking institution that leads to:

• Better controls against money launderers that are using complex financial models, such as pyramids, that are undetectable to Anti Money Laundering controls (AML).
• Taking actions covered under the legal human rights framework that allows institutions to combat PEPs and blacklisted users.
• Control over extremely volatile exchange rates worldwide that generate movements in assets and illegitimate capital.

Overcoming these difficulties is possible by creating profiles linked to “Know Your Customer” (KYC) institutional policies. The KYC application sends an exception notice to analysts regarding a customer's unusual behavior in addition to an automated follow-up of cases under investigation.

Our system can also be used by more than 3 departments, and it offers different functions for each one of them, as well as preventing fraud via traditional payment methods such as checks. This is all done to more effectively control money laundering, thus reducing the likelihood of legal sanctions and protecting your institution’s reputation.