Sentinel Money Laundering
Sentinel Money Laundering supports your strategy of detection
and prevention of illegal funds concealment, thus avoiding possible
loss, in terms of both money and the reputation of your organization.
The system allows you to specify profiles in bank accounts with
the aim of analyzing their behavior and monitoring the tendencies
of their transactions. In addition, it improves the efficiency
and performance of your research team, since it allows you to
determine the workflow and the actions to be taken during the
analysis and revision of an account that has unusual activity.
Security
Sentinel is a multi-user application with strict security measures
and user control such as:
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User-friendly Interface
Sentinel’s interface has been developed by graphic
designers and reviewed by end users to make it simple and user
friendly. A few characteristics are:
- Menus and standard toolbars on all screens.
- Dual interface, which allows the user to view the information
as tables or forms.
- Options to search or filter information on every screen.
- One-step customized report generator with the data on every
screen.
- Ability to move or hide columns, group information, etc.
It also stores the preferences of the user’s last session
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- Convenient data export on every screen of the system.
- Multilanguage (English - Spanish)
Flexibility in the Definition
of Profiles
A profile is the characterization of the behavior of
an account. Sentinel Money Laundering allows you to generate
profiles to analyze the behavior of the accounts and to monitor
the tendencies of their transactions. When an account alters
its profiles, it is adopting an unexpected behavior, so Sentinel
issues an alert indicating that unusual activity exists.
The generation of profiles is completely flexible and dynamic,
since it allows you to use any criteria that can be taken from
the transaction.
The recalculation of profiles is carried out automatically according
to a schedule defined by the user. Thus, manual processes that
rely on human control are avoided.
Approval of Profiles for
Accounts
For a profile to be valid for the system, it must be approved
for every account. Sentinel distributes a queue of profile approvals
to the people in charge of the accounts, whether they are the
account executives, the compliance officials, or whoever is
appointed.
The approval of a profile is made through a system of points
based on hierarchy. This means that depending on the hierarchy
defined by the organization, the account executives, branch
managers, compliance officials, etc. may have a higher number
of points to cast their vote. For example: if the points of
an account executive are not enough to approve a particular
account profile, he or she can ask for the support of another
account executive, branch manager or compliance official in
order to have it approved.
The system monitors the profiles that are pending approval automatically,
and based on the specified hierarchy, it elevates the situation
to the higher levels.
Automatic Distribution of
Analysis Activity
Sentinel allows you to create task queues automatically in order
to assign the revision of unusual activity of accounts to the
different people in charge. In so doing, each person in charge
can revise their own analysis queues or those of other users,
granted they have the corresponding privileges.
The system automatically monitors the accounts that have been
detected with unusual activity, and which have not received
attention from the people in charge. Based on the specified
hierarchy, the system elevates this situation to the higher
levels.
Visualization of Unusual
Activity
Sentinel provides several screens to revise the unusual activity
of accounts, which can be done by profile or by account.
Once the person in charge revises the unusual activity of the
accounts, he or she may record all the actions carried out during
his or her revision through follow-up cases
Data Analysis
The system provides screens that allow you to make queries about
all the transactions and the history of an account. At the same
time, you can obtain statistical information regarding attention
to and rotation of follow-up cases.
Moreover, Sentinel has the capability to send e-mail messages
with information about the unusual activity of the accounts
to key personnel within the organization
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