Ragini Communications Inc.
Anti-Money Laundering (AML) Solution   

This Anti-Money Laundering Solution lets you monitor transactions by creating global and account level profiles. The trade blotter is primarily used to classify transactions. Suspicious activity can be mapped to historical transactions to identify trends.


RCI's AML Solution Satisfy Patriot Act & BSA AML regulatory requirements with key benefits:

  • New OFAC 2014, FBI (all) , US Marshalls, CIA, FATF, GSA, OECD Tax Heaven, UK, EU, Canada, UN (Total 50+) watch list screening.

  • Anti Money Laundering Rules & Alerts, resolution.

  • Case manager and evidence archiving.

Challenge

Money Laundering creates the following challenges for compliance officer:

  • Isolate unusual activity and prioritize most likely suspects

  • Handle high volume transactions and multiple relational categories

  • Demonstrate due diligence in the area of compliance


Solution

Key Capabilities

  • Case Manager lets a compliance officer review the details of the case and then decide whether the match is Suspicious by logging research action and notes

  • eRules enables setting up and configuring database driven rules via global and account level profiles

  • Comprehensive reporting capabilities with manual suspect reports providing additional case building evidence

  • RCI's Anti Money Laundering (AML) Solution lets you create global and account level profiles to monitor various aspects of transactions.

  • Trade Blotter is primarily used to classify transactions. Suspicious activity can be mapped to historical transactions to identify any trends. This solution can integrate with a case manager to track suspicious activity.

  • Captures unusual Activity and identity suspicious behavior using historic, transactional, real time and external sources. Comprehensive reporting capabilities with manual suspect reports providing additional case building evidence.

  • Risk Assessment

  • Customer enhanced due diligence

  • Independent Testing

  • Money Laundering Investigations

  • Regulatory Remediation

  • Program Development and Implementation


RCI's Anti-Money Laundering(AML) Solution will give you the ability to detect and effectively manage the threat of money laundering while enabling you to meet your compliance obligations.


Benefits
  • Provide greater visibility into all possible suspicious and illegal activities that may affect a firm's business and customer relationships

  • Protect your firm's reputation by detecting potential Money-Laundering activities quickly and addressing them instantly. When money laundering is detected too late, the damage to a financial institution's reputation from negative publicity is often irreversible

  • Avoid losses resulting from stiff penalties from noncompliance by detecting and preventing possible money-laundering activities before they occur




Features

Category Feature
Alert Manager List of All Alerts Available in the System
  List of Alerts Where Research In Progress.
  List of Alerts Where Research is Completed and Decision is Pending
 
Case Manager List of Alerts Converted to Case
  List of Alerts where OFAC (SDN, ALT, ADD) Check needs to be performed
  List of Alerts where CIP (US Watch Lists, International Watch Lists & ID Verification) Check needs to be performed.
  Prepare Suspicious Activity Report (SAR) FinCEN Form 101
 
Profiler Global & Custom Profiler - Create / Edit Rules
  Monthly Calendar View of Rules' Execution Schedule.
  Real-Time Transaction monitoring.
 
Data Load Daily Customer Load
  Daily Transaction Load
 
Other User Dashboard
  Latest news on Money Laundering
  AML Alerts on Mobile
Agency Compliance

Financial Industry Regulatory Authority, Inc. (FINRA)
http://www.finra.org/


For FINRA compliance, data for use by the following will be generated:
  • Form 101



Reports
Data Warehouse provides enhanced reporting. Key out of box report includes:

Title
Global Profiler Rules
Custom Profiler Rules
Alert Lifecycle
Execution History

Process & Data Approach


Validate Global & Custom Profiler Rules

Global Profiler helps you to manage rules for transaction record processing and alert creation. You can schedule each rule individually based on priority and importance.


Load Customer & Transaction Data

Load Customer & Transaction data files as per ADP format.


Finalize Alert Research

Research an Alert and log all research finding, attach documents from Alert Research screen.


Create Case for exceptions

Our solution provides Case Manager to manage information of all alerts converted to case which will require extended research as part of alert lifecycle.


Perform CIP Check

Our solution provides ability to perform CIP check which includes US & International Watch List checks and IDV check.


Validate FinCEN Form 101

List of FinCEN Form 101 generated for the alert.


AML Solution Reports

  • Global Profiler Rules

  • Custom Profiler Rules

  • Alert Lifecycle

  • Execution History


 

Summary of Audit Per Application

 

Anti-Money Laundering Software | AML | Money Laundering | Fraud detection OFAC Compliance | OFAC Monitoring | Anti-terrorism and Due Diligence | Anti Money Laundering AML | Anti Money Laundering Compliance | Account Activity Monitor | Anti Money Laundering | Anti Money Laundering Solution | Banks | Brokerages | Insurance Companies | Credit Unions | Money Service Business | Futures Merchants | Thrifts | Mortgage Companies | Mortgage Brokers | Mortgage Lenders | Mortgage Originators| Mutual Funds | Casinos | Card Clubs | Data Processors | Casinos and Mortgage Brokers | Bank Software | Brokerage Software | Compliance Software | Credit Union Software

Copyright Ragini Communications Inc. 1996 -

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