AML/CFT Health Check
AML/CFT Health Check is a first-of-its-kind tool to measure the overall health of the on-going Anti-Money Laundering/Counter-Financing of Terrorism system operating at Financial Institutions. This analytical tool has been gaining focus, driven by current Regulations, Bench-marking, Technology, and Organizational Capacity.
AML/CFT Health Check is either deployed as an online platform or a deployment at Client’s system , providing controls assurance and putting in place a structure framework for conducting independent tests to assess the design and operational effectiveness of on-going Anti-Money Laundering/ Counter-Financing of Terrorism system.
is an End-to-End Anti-Money Laundering (AML) and Combat Terrorist Financing (CFT) solution. The solution is equipped with intelligent, straight-through processing capabilities and an in-built detection mechanism to trace and filter out suspicious transactions with greater efficiency and clinical accuracy.
CORAL iSEM™ allows users to proactively monitor, detect and prevent any suspicious activity, individually and collectively through multiple channels. The pattern analysis and detection is done in near-real time without human intervention. It is a powerful, multifaceted web-based application which provides FIs with end-to-end functionality for AML/ATF monitoring.
TRADE-BASED MONEY LAUNDERING
Financial institutions may wittingly or unwittingly be implicated in Trade Based Money Laundering (TBML) schemes when such institutions are being used to settle, facilitate, or finance international trade transactions. Our End-To-End TBML solution will monitor every trade transaction upon receiving the first trade document from customer till the final settlement of the transaction and observe every amendment or information changed.
The key features of this solution include Intelligent Matching Logic for Watch-list Screening, Vessel and Port Screening, Dual-Use Goods Screening, Validation & Comparison of goods pricing, Document Matching, Transaction Monitoring, Know Your Customer’s customer check and risk profiling, and a self-learning knowledge database. It also complies with the Uniform Customs and Practice for Documentary Credits (UCP) 600, 2007 Revision.
RBA Essential is a customized solution to assist the Designated Non-Financial Businesses and Professions (“DNFBP”), in particular the Trust and Company Service Providers (“TCSPs”) to mitigate AML/CFT risks. Based on the bank-grade AML/CFT system technology, RBA Essential is customized to help DNFBP in collecting essential KYC information, conducting both onboarding and ongoing name screening and profiling respective customer AML/CFT risk. More importantly, we will ensure customer fulfilling relevant AML/CFT laws and regulations at an affordable cost.