THE PULSE VOL 01 | Page 25

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THE Solution

Amlock™ was deployed with a centralised version which met the regulatory requirements of the 25 countries. This included a custom-built risk categorization module to improve risk assessment of customers and a comprehensive alerts library with 50+ configurable alert scenarios to identify suspicious transaction patterns and improve risk management capabilities.

KEY Benefits

Compliance with AML regulations for all 25 countries

A centralized deployment, using a single environment, provided support for all countries with logical segregation of each country

Centralized data uploads and backups, simplified maintenance of voluminous data

Ability to undertake country specific AML regulatory reporting of suspicious transactions (STR/SAR) and currency transactions (CTR)

Better decisioning from Alert Summary / Ageing / Customer Profile Reports

The solution featured a flexible case investigation workflow and regulatory reporting utilities, both in manual and electronic formats, to align with each country’s specific requirements ensuring completion of end of day processes in less than four hours.

THE PULSE - VOL 01 - Q1 2022