Techno Brain | Anti-Money Laundering
Ghana
tanzania
Kenya
sudan
malawi
nigeria
ethiopia
zambia
namibia
burundi
mozambique
swaziland
uganda
zimbabwe
south africa
mauritius
|
|
|
|
Favourites

By registering, you can save your favorite posts for future reference.

Anti-Money Laundering
Overview
Monitor, detect and prevent fraudulent activities in your business environment

The definition of the term ‘Money Laundering’, often expanded by government and international regulators to mean any financial transaction that generates an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting. Techno Brain’s Anti-Money Laundering solution mitigates the risk of money laundering in the Banks.
The key features of Techno Brain’s anti-money laundering (AML) solution for banks include:
KYC: Know Your Customer
• Ability to capture all mandatory customer and related information
• Ability to capture citizenship and residence information for individuals as well as domicile and market-related information for organisations
• Support for user-defined identification requirements based on the individual or organisation
• Support for a range of verification options
• User-configurable AML risk scoring and risk classification including the facility to allot weightings
• Comprehensive compliance reporting, including Suspicious Transactions Reporting (STR), Threshold Transaction Reports (TTRs), International Funds Transfer Reports (IFTRs), and Sanction and Watch-list Reports (SWLRs)

KYT: Know Your Transaction
The Compliance Desk in the solution combines rule-based monitoring methods as prescribed by the SERI Act of 1992 and PM LA 2002 with user profiling techniques in order to detect suspicious activity and potential money laundering across customers, products, accounts, and transactions. Only four simple steps are required to administer alerts - detect, investigate, manage, and report.
The solution enables banks to take a risk-based approach to monitoring customer behaviour for suspected criminal financial activities via automated processes. It is a comprehensive AML software solution that includes transaction monitoring, intelligent detection tools, watch-list filtering, alerts investigation, case management, workflow, regulatory reporting (STR), and management reporting. It is designed to help banks effectively conduct due diligence and comply with government regulations. It gives a powerful combination of anti-fraud, AML, and business intelligence utilities.With Techno Brain’s AML solution, there are robust analytics in the Know Your Customer and Know Your Transaction segments. In addition, the solution supports industry best practices for monitoring and reviewing, along with comprehensive reporting and query capabilities in accordance with regulatory requirements. The AML solution stores compliance rules and flags any violation of these rules for follow-up.

Benefits
  • Meets regulatory requirements for financial institutions
  • Improves risk protection and efficiency through a configurable and robust workflow
  • Reduces manpower and maximises productivity and profits
  • Improves detection by combining behavioural profiling and rules management
  • Includes an alerts management system that allows compliance teams to process cases faster
  • Generates all statutory reports and suspicious transaction reports
  • Cross-checks customer and non-customer details for any possible violations of regulatory requirements
  • Allows banks to proactively prevent any illegal activity via salient features embedded in the solution, such as - identification of rogue customers and analyses of transactions according to threat perceptions
Learn More

Fill the form to Download Brochure and Request for Demo

* Fields are mandatory

Fill the form to Download Brochure and Request for Demo

* Fields are mandatory

Please login to download copy

Fill the form to Download Brochure and Request for Demo

* Fields are mandatory

Please login to download copy

In focus
CONTACT

PO Box 57666-00200, Heritan House

Woodlands Road, Off Argwings Kodhek Road

Opposite DoD Headquarters

Nairobi

Tel: +254 738 770 186 / 734 770 187

Fax: +254 20 224 6186

info@technobraingroup.com