CORE AML Filter

ACHIEVE RAPID 'KNOW YOUR CUSTOMER' COMPLIANCE

The USA PATRIOT Act and other legislation designed to curtail terrorist activities have elevated Know Your Customer (KYC) compliance to a new level of importance.

CORE™ AML Filter is a cost effective, rapidly implemented solution for demonstrating compliance and protecting your institution. The system screens names and related data against industry blacklists, local high-risk lists and even customized positive lists to optimize alert volumes and minimize false positive results*. When suspicious activity is identified, CORE AML Filter automatically alerts the appropriate personnel for timely, decisive action and reporting. The system can also be configured to screen specific transaction types, countries, individuals or entities, according to current intelligence. This provides a high level of due diligence for data and payments made or originating from regions or individuals that are not blacklisted, but still considered to be high-risk.

CORE AML Filter utilizes advanced fuzzy matching techniques to screen names in accounts, posted transactions and other data sources against OFAC and other required lists. Users can adjust the software’s sensitivity to specific transaction types, transaction amounts, regions, countries or entities, so that it is continuously aligned with current watch lists, money laundering trends and the institution’s business needs. In addition, watch lists can easily be created, deleted and edited by employees.

BENEFITS

• Delivers a cost effective, easy-to-use solution for any size institution
  
• Supports a fast implementation
  
• Supports regulatory requirements through an automated solution that improves accuracy and productivity
  
• Detects possible suspicious or high-risk entities consistently and accurately across the enterprise
  
• Provides real-time, intra-day or batch interfaces to all at-risk business systems within your application architecture
  
• Maximizes search accuracy through multiple, customizable and user-modifiable category or data channel based sensitivity settings
  
• Provides comprehensive, easily-accessed audit trails to support intelligent dialog with regulators
  
• Offers a level of data security that is second to none; SSL (Secure Socket Layer) 128 bit encryption is available
  
• Able to automatically update itself with the most current sanctioned party data
  

For more information about this solution, download the brochure (PDF, top right). You can also contact Deirdre Millard at 770.422.1629 or complete our Information Request Form.