Features

1. MAIN FEATURES OF THE RISK ASSESSMENT TOOL

1. A fully Customizable and parametrised tool, simple, user friendly and easy to use
2. Online and web-based system accessible from everywhere
3. In accordance with the requirements of the 4th and the 5th EU AML Directives
4. One-to-one and batch processing for automatic risk calculation
5. Transaction monitoring tool to enable monitoring of individual or batch transactions
6. Know Your Customer (KYC) & Customer Due Diligence (CDD) features
7. Analytical Scoring System and CIP Weight Allocation
8. Risk Evaluation Criteria fully parametrized
9. Review and automatically re-evaluate risk upon pre-defined times
10. PEP identification
11. Built-in economic profile
12. Built by experts for the experts
13. Compliance reporting in accordance with regulatory requirements
14. Built in alerts, warnings and red flags
15. Offers an advanced search feature
16. Compliant with ISO27001 Security Requirements
17. Custom permission levels and role assignment
18. Offers Data security and audit trail

2. FEATURES OF TRANSACTION MONITORING SYSTEM

1. Import transactions from any system via batch processing or one by one
2. Isolate transactions based on the rules you built into the system
3. Built in alerts such as custom alerts, red flags, warnings and reminders
4. Built in filtering tool to create filter alerts / parameters
5. Isolate transactions by peps and high risk countries
6. Isolate transactions by limits and thresholds built in the system
7. Review transactions within a pre-determined period
8. Send SMS and emails if an alert is triggered
9. Assign roles and limit the rights of users
10. Track for all actions that have been taken to close a case
11. Add thresholds and grace period rule