Africa is struggling with Money Laundering and Terrorism Financing due to many factors. Being a complex process, Money Laundering requires a thorough solution with comprehensive machine learning, data analytics and a robust case manager. The complex nature of Money Laundering and Terrorism Financing makes compliance difficult, exposing financial institutions to regulatory fines and reputational risk.
To meet the current and future regulatory requirements, financial institutions need a solution that has end to end visibility into the enterprise operations, has the ability to monitor fraud from all channels and integrates money laundering monitoring.
Our Anti-Money Laundering solution is modularized, financial institutions can pick a specific module to learn and build the experience to undertake a complete AML project with 360 degrees view into fraud and money laundering activities.
The AML solution modules include:-
- Transaction Monitoring
- Know Your Customer and Continuous Due Diligence
- Watch List Screening