AML Explorer Functions

• KYC

  • Conducting Customer Due Diligence through customer identification/ verification and risk assessment with the watch list filtering search engine

• Rue/Scoring Model Management

  • Registering rule and suspicious transaction scoring models to identify suspicious transactions for money laundering
  • Modeling evaluation and monitoring, alert standard definition and simulation

• Alert

  • Allocating suspicious transactions, investigation and approval process definition
  • Supporting functions for detailed investigation (linkage analysis)

• STR Reporting

  • Automatic mapping according to the STR format, easy input for additional information

• Reporting System

  • Generating the FIU electronic report format(XML) and verifying its validity

• Monitorin

  • Dash board function for suspicious transaction investigation and reporting status
  • Coping with the universal performance evaluation
  • Providing powerful statistical monitoring

• Internal Control System

  • Performance management of AML guidelines such as alerted transaction records and Watch List feedbacks on FIU reported information

• Knowledge DB

  • Rule & Scenario pools reflecting FIU’s perspective on review and analysis, and experience in working with relevant institutions (National Tax Services, National Customs Services, and other financial companies)

• Watch List DB

  • Search DB update module for Customer Due Diligence such as targets of financial sanctions, PEPs, OFAC, FATF, UK, UN terrorist list, and etc.

Features & Strengths

AML Explorer is the solution developed thorough understanding FATF(Financial Action Task Force) and FIU (Financial Intelligence Unit)’s perspective, suspicious transactions, predicate offences, and financial business.

• Effectiveness

  • Utilizing understanding FIU’s perspective on review and analysis, process, and suspicious transaction
  • Utilizing rules & scenarios, and experience in analyzing suspicious transactions for banks, securities, and loans

• One Stop Solution

  • One stop solution that allows consistent and flawless work performance from consulting to system implementation
  • Total solution composed with KYC, Watch List DB, Risk based Transaction Monitoring, and STR modules

• Fitness

  • Solution suitable for various financial tasks and environments, reflecting each financial industry’s setting and feature through countless consulting and implementation projects
  • Solution reflecting guidelines and requirements of international organizations for Anti-Money Laundering, such as FATF, APG, and Egmont Group

System Configuration

Solution Configuration

Effects

• Effective react to the authority’s inspection/supervision

  • Established the integrity of solution by fully reflecting the guidelines from international financial institutions such as FATF, APG, FIU

• Accumulated experience from continuous participation in the FIU AML projects

  • Supporting the management system and coherent policy between the FIU and financial company with application of process reflecting FIU guidelines and perspective

• Easy improvement and maintenance for TMS models

  • Having FIU AML project experiences (conducted stabilization/maintenance projects for the current model), easy modeling improvements and verifications
  • Cost effectiveness from easy reflection of changes to policies and regulations, and easy modification for the task