Anti-Money Laundering as a Service

Be In The Zone

Know your customers, know what they do, and proactively track for risks. Anti-Money Laundering as a Service Delivered.

Achieving sustainability in the face of scrutiny.

The accelerating demands of the current international Anti-Money Laundering (AML) regulatory regime have been challenging the ability of banks to develop and maintain sustainable AML programs. In the past few years, we have seen large banks and established financial institutions pay substatial penlties and settlements in spite of staffing for AML programs reaching unprecedent levels across the industry.

Anti-Money Laundering as a Service

 

Know it all

As Federal Banking Agencies and the Financial Crimes Enforcement Network focus their attention on enforcing the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws, financial institutions are facing increased supervisory, regulatory and compliance challenges:

  • 2014 was marked by record-setting fines and precedent-setting prosecutions and enforcement actions for BSA/AML violations

  • 2015 brings regulatory deadlines and changes to BSA and AML examinations that demand compliance

The key to AML and BSA compliance is proactive fraud detection and customer authentication. And it is not just about knowing your customer – it’s knowing who they know, what they do, where they’re from and more.

 

Proactively track risk

In order to stay compliant with AML laws, financial institutions need to ensure that they are following Know Your Customer (KYC), Customer Identification Program (CIP), and BSA regulations.

Unfortunately, ensuring all of the above while proactively tracking risk is a complex undertaking that can take people and resources away from your crucial strategic initiatives.

 

Allsec’s Anti-Money Laundering as a Service (AMLS) – for those who need to know.

Allsec’s Anti-Money Laundering as a Service (AMLS) delivers peace of mind, improved flexibility and significant cost savings for financial institutions that need to mitigate risk and ensure AML/BSA compliance.

Identity Authentication

Records Verification

Background Investigation

Red Flags and Alerts

Negative News Searches

Advanced Analytics

 
 

Know the benefits

AMLS allows you to…

Which in turn allows you to…