An End-to-End Anti-Money Laundering (AML) and Combat Terrorist Financing (CFT) solution. The solution is equipped with intelligent, straight-through processing capability and in-built detection mechanism to trace and filter out suspicious transactions with greater efficiency and clinical accuracy.
CORAL iSEM™ allows user to proactively monitor, detect and prevent any suspicious activity, individually and collectively throughout 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 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 solution features includes 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 comply 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 Company and Trust Service Provider (“CTSP”) to mitigate AML/CFT risks. Based on the Bank graded 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 in an affordable cost.