ASEE AML is an intelligent Anti Money Laundering solution that ensures easy and bullet proof compliance with AML regulations.
ALM solution Compliant. 100%. Always.
With its modular structure, finance institutions get 100% compliance with 0% redundancy, consequently reducing cost, time and work effort. It gives accurate results and analyses, implements all legal requirements and the measures designed to deter, detect and disrupt money laundering, and provides controls necessary to lower risk.
Money laundering activities are getting more sophisticated every year, making them more difficult to prevent and monitor. On the operational side, this might mean significant investment as well as organizational effort in both implementation and maintenance.
Meet the products
AML offers full compliance coverage
Easy integration into daily systems or routines of any institution
Fully Automated processes for decreased workload
Excellent UX through visual data presentation
Key Benefits of AML
Real-time and near real-time actions
Notification alerts via push, email or SMS messages
Independent software solution
AML solution uses sophisticated pattern recognition techniques to identify suspicious behavior and possible money laundering activities. The solution analyzes the behavior of internal customers, counterparties, and external parties through every transaction across the enterprise.
Leverages an extensive library of behavior scenarios that provides comprehensive coverage of indicative money laundering behaviors.
Advanced alert generation and workflow
Uses patented analysis techniques to detect key behaviors of interest such as relationships between accounts that are not obvious to rules, profile-based applications, or manual analysis. Comprehensive alerts provide a context of business data and historical information to streamline analysis and resolution.
Customized thresholds and risk scoring
Delivers a risk-based approach, shortens investigation times, and manages risk by customizing risk and trust scoring for individuals or entities. AML System identifies and addresses unusual behavior compared with predefined expected behavior.
Enterprise wide compliance
Supports all business units across geographies, ensuring a common level of compliance throughout the organization and leveraging compliance investment.
Customized rules for @STOP&GO of transactions
Supports all business units across geographies, ensuring a common level of compliance throughout the organization and leveraging compliance investment.
AML solution includes following analysis
High-risk geographies and entities
Monitors activity involving high-risk entities or geographies.
Hidden relationships
Reveals previously unknown relationships that could indicate laundering efforts.
Behavior anomalies
Addresses sudden significant changes in an account’s transaction activity.
Other money laundering behaviors
Identifies potentially suspicious behavior, such as attempts to structure patterns of activity in similar accounts.
Institutional behaviors
Identifies money laundering activity specific to institutional clients and accounts without the numerous false positive problems that traditional trading strategies can create.
Know Your Customer and risk classification
Identification and verification of the client and the final owner
History of the client
Type of activity Geographical location
Political activity or connections with politically exposed person
Type of banking services which customer uses
Source of funds - wages, assets…
Information about the purpose and intention of the business relationship
Tracking the business relationship with clients, authorized persons and etc.
Determining the risk profile of the client
Provide analysis for clients:
• Who are politically/public exposed persons
• Who are using e-banking services
• Who are avoiding direct contacts in business relationships
The FATF Recommendations are the internationally endorsed global standards against money laundering and terrorist financing: they increase transparency and enable countries to successfully take action against illicit use of their financial system.
Laying down implementing measures for Directive 2005/60/EC of the European Parliament and of the Council as regards the definition of ‘politically exposed person’ and the technical criteria for simplified customer due diligence procedures and for exemption on grounds of a financial activity conducted on an occasional or very limited basis.
SxS makes identifying a person or a computer through the cloud so easy and secure that you would never be worried about someone's true identity. SxS is cloud-native by default and design. Meaning it is up to you whether you prefer on-premises implementation or are interested in having an authentication service in a cloud, public or private.
SxS makes identifying a person or a computer through the cloud so easy and secure that you never have to worry about someone's true identity. SxS is cloud-native by default and design. Depending on your preferences, you can opt for on-premise implementation or having an authentication service in a cloud environment, public or private.
