AMLOCK-Financial Crime Detection and Management Solution

Amlock™ Financial Crime Detection and Management protects financial institutions with fail-safe cutting edge technology. Amlock™ is compliant with KYC, Transaction Monitoring and Regulatory Reporting, assisting banks in detecting and managing money laundering transactions.

The automated AML module assists reporting organizations in complying with regulatory requirements and offers financial institutions of different sizes, a means to detect and investigate suspicious transactions, ensure compliance with regulatory KYC norms and a host of valuable investigation and analysis tools to aid the compliance officer in performing duties effectively and with ease. The solution also has advanced investigation tools and a flexible case management workflow allowing strong investigation and drill down features that help the AML teams to investigate suspicious transactions and generate strong STR/CTR’s with ease. The solution is source system independent and is currently deployed with more than 20 source systems at more than 90+ banking and non-banking institutions across the globe.

AMLOCK FCDMS supports multiple currency and built-in currency conversion.The system supports multiple languages. Languages that are supported at live clients include: English and Arabic. It supports multiple browsers and operating systems such as UNIX, AIX, MS Windows.

1. KYC & Sanction Screening

• Screening & Risk Computation during Onboarding
• Auto downloadof watch lists
• Real time Sanction List Screening
• Watchlist / Adverse Media /PEP Screening
• Third Party Lists (Worldcheck, World Compliance Accuity, Dow Jones)
• Customer 360 degree viewKYC, Risk & Alerts View
• Intelligent Search Engine
• Screening Optimization
• Ignore word Manager & Alias Word Manager
• Exception List Management

1. Risk Classification & Profiling

• Predictive Risk Scoring
• Static/Dynamic/Predictive Dimensions
• Dashboard and Periodic Review
• Customer Type Specific Risk
• High Risk Industry
• Classification based on SIC, NAICS codes

1. Transaction Monitoring

• Supports Real Time Transaction Monitoring
• FATCA Monitoring
• Alert Risk Scoring - Alert Risk Scoring Model derives score for each alert based on multiple parameters and help prioritize alerts based on their importance.
• Application Notifications
• Load Balancer for handling bulk Case Assignment
• Email Integration for TAT, User Activity Tracking.
• Flexible Rule Builder
• Configurable at Multilevel Workflow

1. Reporting

• SARs / CTRs / EFTs
• User Activity Tracking Reports
• MIS / Operational Reports
• Automate Email Reports

1. Remittance Check

• Real-time integration with Payment Gateways (e.g. SWIFT)
• Sanctions Screening
• High Value Remittance
• Free Text / BIC screening

1. Administration

• User Authentication
• Hierarchy Management
• Rule based alert assignment
• Access Control
• Comprehensive Audit Trail

• Help financial institutions address pressing challenges pertaining to AML, identify financial crime, avoid penalties and reputation loss
• Aligned with the latest in technology including mobile wallets, machine learning and graphical analytics
• Innovative, effective solutions to efficiently reduce compliance cost
• Rich user interface for a superior user experience