AML/CTF Suite

Contents

AML/CTF Suite

Welcome to our AML/ CTF Suite, the definitive source for Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance. Our state-of-the-art AML/CTF Suite is the ultimate SaaS platform designed to empower financial institutions with a complete set of tools to streamline their AML/CTF processes.

Top 20 Modules

Module 1: Risk Assessment Navigate the complex landscape of AML/CTF with our Risk Assessment module. Assess risks across multiple vectors including customers, products, services, delivery channels, transactions, and countries to ensure a robust defense against financial crimes.

Module 2: Internal Safeguards Our Safeguards module provides a comprehensive framework of policies, procedures, and controls, empowering you to preemptively address vulnerabilities and enforce compliance with AML/CTF regulations.

Module 3: Know Your Customer (KYC) Strengthen your client relationships with our KYC module. Perform thorough Customer Due Diligence (CDD), assess customer risk, and engage in Simplified (SDD) and Enhanced Due Diligence (EDD) processes to maintain high compliance standards.

Module 4: Screening Our Screening module offers rigorous checks against global sanctions lists like UN, US, EU, and screens for politically exposed persons (PEPs), their relatives and close associates (RCAs), and adverse media, ensuring your institution remains vigilant and compliant.

Module 5: Continuous Monitoring Maintain constant vigilance over business relationships and transactions with our Continuous Monitoring module. Detect and address anomalies swiftly to protect your institution from potential threats.

Module 6: Know Your Employee (KYE) Our KYE module helps you safeguard your operations from potential internal risks. In-depth employee vetting and ongoing monitoring fortify your institution from the inside, promoting a culture of compliance.

Module 7: Know Your Intermediary (KYI) Effectively manage third-party risk with our KYI module, ensuring all intermediaries adhere to stringent AML/CTF standards, protecting your institution from indirect threats.

Module 8: Know Your Supplier (KYS) Our KYS module assists in conducting thorough due diligence on suppliers, securing your supply chain from being exploited for money laundering or terrorist financing.

Module 9: New Product Process (NPP) Innovate safely with our NPP module, which ensures all new products undergo a rigorous risk assessment to identify and mitigate AML/CTF risks prior to launch.

Module 10: Training Equip your team with the knowledge they need through our Training module, featuring up-to-date AML/CTF education and best practices.

Module 11: Audit Our Audit module ensures the effectiveness of your AML/CTF measures with a detailed audit plan and sample testing for uncompromised compliance.

Module 12: Alert Management Stay ahead of potential issues with our Alert Management module, which provides advanced tools to manage and investigate alerts for all types of screening.

Module 13: Case Management Our Case Management module delivers a structured approach for handling all KYC, KYE, KYI, and KYS reviews, from onboarding to event-driven reassessments.

Module 14: External Reporting Simplify the SAR and STR filing process with our External Reporting module, ensuring timely and accurate reporting to regulatory bodies.

Module 15: Internal Reporting Keep your governance strong with our Internal Reporting module, providing insightful reports to your Management Board and Supervisory Board.

Module 16: Group-wide Risk Assessment Execute a comprehensive risk assessment across the entire group, considering the diverse operational landscapes and regulatory environments of each subsidiary.

Module 17: Group-wide Internal Safeguards Develop and implement cohesive internal safeguards across your group.

Module 18: Group-wide Strategy Strategically align the group’s AML/CTF efforts with its overall business objectives.

Module 19: Exchange of Information (EoI) Facilitate the secure and efficient exchange of vital AML/CTF information within your group.

Module 20: Waiver Manage exceptions to standard AML/CTF policies within the group, allowing parent companies to grant waivers where necessary.

By choosing our AML/CTF Suite, you are not just selecting a software; you are partnering with a leader in AML/CTF compliance dedicated to the security and integrity of your financial operations. Visit us now and revolutionize your AML/CTF strategy.

Built on Global Best Practices and Standards

Delve into the architectural excellence of our AML/CTF Suite where global standards and best practices form the cornerstone of compliance. Our suite is meticulously crafted, aligning with the esteemed 40 FATF Recommendations, incorporating insights from various FATF Guidances and Reports, and further enriched by the directives from the European Supervisory Authorities (ESA) Guidelines, including EBA, EIOPA, and ESMA. The structure is refined with principles from the Basel Committee on Banking Supervision (BCBS) Guidelines, particularly focusing on the „Sound management of risks related to money laundering and financing of terrorism“, and is completed with the adoption of the Wolfsberg Group’s Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance Questionnaire (FCCQ).

Foundation in Global Standards

FATF Recommendations: Our suite is built to embody the FATF’s 40 Recommendations, ensuring a comprehensive approach to combating money laundering and terrorist financing across jurisdictions.
FATF Guidances and Reports: We leverage the depth of knowledge in FATF’s extensive guidances and reports to offer nuanced solutions that address emerging trends and methods in financial crime.
ESA Guidelines: The suite incorporates the ESA Guidelines, harnessing the collective expertise of the EBA, EIOPA, and ESMA to ensure broad regulatory compliance across the financial sector.
BCBS Guidelines: Adhering to the BCBS’s guidelines, our suite emphasizes the importance of sound risk management practices, ensuring robust defenses against money laundering and terrorist financing risks.
Wolfsberg Group Principles: By integrating the Wolfsberg Group’s CBDDQ and FCCQ, our suite sets high standards for due diligence and financial crime compliance, aligning with the best practices in correspondent banking and beyond.

Advantages of a Globally-Informed Structure

Comprehensive Compliance: Benefit from a compliance solution that is informed by the highest international standards, ensuring your practices are globally recognized and respected.
Adaptability to Trends: Stay ahead of evolving financial crime tactics with a suite that is continuously updated based on global guidances and reports.
Risk Management Excellence: Adopt risk management practices that are in line with the world’s leading financial institutions, offering you and your stakeholders peace of mind.

Our AML/CTF Suite is not just a tool but a testament to global collaboration and expertise in the fight against financial crime. It’s designed not only to ensure compliance but to set a benchmark in the industry for operational integrity and reliability.

Country-Specific Features

Our platform recognizes the unique challenges presented by varying international AML/CTF regulations, including differences in language, legal frameworks, contracting behaviors, information sources, and reporting channels. Our suite is engineered to adapt seamlessly to these diverse requirements, ensuring your compliance is as localized as it is global. Our AML/ CTF Suite is enhanced with country-specific supervisory authority circulars, guidance, and the invaluable insights derived from National Risk Assessments (NRAs), ensuring your compliance strategy is not just broad but deeply rooted in local requirements.

Customized for Every Country

Language Adaptability: Our suite supports multiple languages, ensuring that your team can operate in the native language of each jurisdiction you operate in, enhancing understanding and efficiency.
Contracting Party Behaviors: Understanding the local nuances of contracting parties and their representatives is crucial. Our suite is designed to recognize and adapt to these behaviors, ensuring thorough due diligence.
Legal Form Recognition: With a vast array of legal forms worldwide, our platform is equipped to identify and process various entity types, ensuring accurate risk assessments and compliance checks.
Localized Information Sources: Access country-specific sources of information, such as commercial registers and beneficial owner registers, directly through our suite for comprehensive due diligence.
Country-Specific Reporting Channels: Our platform is tailored to accommodate the specific reporting requirements and channels of each country, particularly the Financial Intelligence Units (FIUs), ensuring that your reports are always compliant and timely.

Embracing Local Nuances Across Europe

Supervisory Authority Insights: Our suite is fortified with circulars and guidance from local supervisory authorities, ensuring that your compliance framework is aligned with the latest regulatory expectations and interpretations within each jurisdiction.
National Risk Assessment (NRA) Integration: Leveraging the findings from NRAs, our suite offers a nuanced understanding of specific risks and vulnerabilities identified within each country, allowing for a more targeted and effective risk management strategy.

Benefits of Country-Specific Settings

Compliance Assurance: Stay assured of your compliance across different jurisdictions with settings tailored to meet country-specific AML/CTF regulations.
Efficiency and Accuracy: Enhance the efficiency and accuracy of your compliance processes with tools designed for the specific legal and business environments of each country you operate in.
Scalability: Easily expand your operations into new countries with the confidence that your AML/CTF compliance can adapt quickly to local requirements.

Compliance Advantages

Tailored Risk Management: With NRA insights embedded, your compliance strategy will be finely tuned to address the unique risk landscape of each European country you operate in, enhancing the precision of your risk assessments and mitigation measures.
Regulatory Alignment: Stay in lockstep with local regulatory changes and recommendations, ensuring that your operations remain compliant with the dynamic and varied European regulatory environment.
Informed Compliance Decisions: Make more informed decisions with access to a wealth of local regulatory information and risk assessments, driving a compliance strategy that is both proactive and deeply informed.

Our AML/CTF Suite’s country-specific settings offer an unparalleled level of customization and adaptability, ensuring that your compliance efforts are as effective in one country as they are in another. Embrace a compliance solution that understands the importance of local nuances and regulatory landscapes.

Sector- & Industry-Specific

Dive into the depth of tailored compliance with our AML/CTF Suite designed to cater to the diverse and complex nature of both the financial and non-financial sectors. Recognizing the vast differences in operations, products, services, and risks across industries like banking, investment, insurance, real estate, and crypto services, our suite offers sector- and industry-specific settings to ensure your compliance strategy is as unique as your business.

Adaptable to Every Sector and Industry

Financial Sector Variance: Whether you’re a CRR credit institution, an investment firm, an e-money institution, or a crypto service provider, our suite is equipped to handle the specific AML/CTF requirements and challenges of your sector, from traditional banking to the frontier of digital assets.
Non-Financial Sector Coverage: Real estate agents, luxury goods traders, and other non-financial businesses face distinct AML/CTF challenges. Our suite’s settings are tailored to address the unique risks and methodologies in these sectors, ensuring comprehensive compliance.
Product and Service Diversity: With the capability to adapt to the wide range of products and services across sectors, our suite ensures that your compliance framework accurately reflects your business offerings.
Delivery Channels and Transaction Types: Recognizing the varied delivery channels and transaction types unique to each sector, our suite allows for customization to ensure robust monitoring and risk management.
Sector-Specific Typologies and Methods: The suite is designed to adapt to the specific money laundering and terrorist financing typologies and methods prevalent in each sector, ensuring that your defenses are as sophisticated as the threats you face.

Benefits of Sector- & Industry-Specific Settings

Precision in Compliance: Tailor your AML/CTF strategy with settings that reflect the intricate details of your sector or industry, enhancing the precision and effectiveness of your compliance efforts.
Risk Management: Leverage sector-specific risk factors, red flags, and limits to fortify your institution against potential threats, ensuring a robust defense tailored to your unique risk profile.
Regulatory Alignment: Stay aligned with sector- and industry-specific regulatory requirements, ensuring that your compliance strategy not only meets but exceeds the expectations of regulators.

Our AML/CTF Suite’s sector- and industry-specific settings provide the customization necessary to navigate the complex landscape of AML/CTF compliance, ensuring that your strategy is perfectly aligned with your business model and the specific challenges you face.

Security aligned with established standards

Discover the pinnacle of security and compliance with our AML/CTF Suite. Engineered in strict alignment with Germany’s BSI IT Baseline Protection (IT-Grundschutz) and the comprehensive ISO 270xx-series standards, our suite is meticulously designed to meet the stringent requirements set forth by BaFin (BAIT, VAIT, and KAIT), CSSF, and other supervisory authorities. With an architecture that integrates the principles of the 3 Lines of Defence (3LoD) and the principle of least privilege into its identity and access management framework, our suite sets a new benchmark for security in AML/CTF solutions.

Foundations in Global and National Security Standards

BSI IT Baseline Protection: Our suite adheres to the robust guidelines of BSI IT-Grundschutz, ensuring a comprehensive approach to protecting IT systems, applications, and networks.
ISO 270xx-Series Compliance: With compliance to the ISO 270xx series, our suite guarantees a global standard for information security management, ensuring your data is safeguarded against evolving threats.
BaFin, VAIT, BAIT, KAIT, and CSSF Compliance: Designed to fulfill the specific requirements of financial supervisory authorities, our suite ensures your compliance with the latest regulatory standards in information security and risk management.

Enhanced Security Measures

3 Lines of Defence Integration: Our suite’s identity and access management system is built around the 3LoD model, ensuring clear segregation of roles, responsibilities, and risk management practices.
Principle of Least Privilege: Adhering to the principle of least privilege, our suite ensures that access rights are minimized to only what is necessary, significantly reducing the risk of unauthorized access or data breaches.

Security and Compliance Benefits

Enhanced Data Protection: Benefit from an AML/CTF solution where data protection is paramount, minimizing the risk of breaches and ensuring the integrity of sensitive information.
Regulatory Confidence: Operate with the assurance that your AML/CTF processes are backed by a platform that not only meets but exceeds the regulatory requirements of supervisory authorities.
Operational Resilience: With a foundation in globally recognized security standards, our suite enhances your operational resilience against both current and future cyber threats.

Our AML/CTF Suite is not just a tool for compliance but a fortress for your data, designed with the highest standards of security in mind. Trust our suite to provide not only compliance with AML/CTF regulations but also unparalleled protection for your information assets.

Compliance by Design

Step into the realm of proactive compliance with our AML/CTF Suite. Crafted on the principle of „Compliance by Design“, our suite embeds regulatory adherence into the very fabric of its functionality, ensuring seamless compliance with critical legislations such as the 4th and 5th Anti-Money Laundering Directives (AMLD), both Fund Transfer Regulations (FTR), the General Data Protection Regulation (GDPR), the electronic IDentification, Authentication and trust Services (eIDAS) regulation, and gearing up for the upcoming Digital Operational Resilience Act (DORA).

Built on a Foundation of Comprehensive Compliance

4th and 5th AMLD: Our suite is meticulously designed to meet the stringent requirements of the 4th and 5th AML Directives, ensuring robust due diligence, risk assessment, and reporting mechanisms.
Fund Transfer Regulations: Compliance with both the 1st and 2nd FTR is seamlessly integrated, enhancing the transparency and traceability of fund transfers within and outside the EU.
GDPR: Data protection is at the heart of our suite, with GDPR compliance ensuring the safeguarding of personal data and the rights of individuals.
eIDAS: Our suite supports the eIDAS regulation, facilitating secure electronic transactions across the EU with recognized electronic identification and trust services.
Future-Ready for DORA: Anticipating the implementation of DORA, our suite is being prepared to comply with its requirements, ensuring resilience and security in the digital operational infrastructure.

Advantages of „Compliance by Design“

Inherent Compliance: With compliance interwoven into the operational processes, you’re ensured of adhering to regulations by default, minimizing the risk of non-compliance.
Efficiency and Cost-Savings: By integrating compliance into the core of your operations, our suite eliminates the need for retroactive adjustments, saving time and resources.
Future-Proofing: Our forward-looking approach means that as regulations evolve, so does our suite, ensuring your compliance framework remains current without disruptive updates.

Our AML/CTF Suite’s „Compliance by Design“ philosophy ensures that you’re not just meeting today’s regulatory standards but are prepared for tomorrow’s as well. With our comprehensive, forward-looking compliance solution, your organization can focus on growth, secure in the knowledge that compliance is taken care of.

Cutting-Edge Technology

Step into the future of compliance with our AML/CTF Suite where innovative technology meets regulatory diligence. Our platform transcends traditional compliance methods by integrating Big Data Analytics, Supervised Machine Learning, Knowledge Graphs, and more, offering a technologically superior approach to AML/CTF compliance.

Big Data Analytics Dive deep into vast data sets with our Big Data Analytics, which enables real-time processing of complex information. This technology ensures that your risk assessments and monitoring are based on the most comprehensive and up-to-date information available, offering insights that drive proactive decision-making.

Supervised Machine Learning Benefit from our Supervised Machine Learning algorithms that continually learn from historical data to improve the detection of suspicious activities. This adaptive approach enhances the accuracy of our screening and monitoring modules, reducing false positives and ensuring that genuine risks are identified with precision.

Knowledge Graphs Our platform utilizes Knowledge Graphs to provide a holistic view of data relationships, making it easier to spot hidden patterns and connections that could indicate illicit activities. This interconnected data visualization tool is a game-changer in unraveling complex money laundering schemes and terrorist financing networks.

Advanced Integration Experience seamless integration across all modules of our AML/CTF Suite. The synergy between Big Data, machine learning, and knowledge representation means that every aspect of your compliance framework is informed by advanced analytics and predictive intelligence.

Continuous Innovation We are committed to continuous innovation, constantly updating our suite with the latest advancements in technology to ensure that your compliance strategies are always at the forefront of the industry.

Use-based Pricing

Explore the flexible and cost-effective approach to compliance with our AML/CTF Suite. Our user-based pricing model is designed to adapt to your specific needs, offering both tiered and volume pricing options to ensure you get the most value out of your compliance investment.

Tiered Pricing Model Our tiered pricing structure is straightforward and scalable, consisting of Basic, Advanced, and Premium tiers. Each tier provides access to a set number of modules, allowing you to select the package that best fits your institution’s size and complexity. Whether you’re a small entity in need of essential compliance tools or a large organization requiring a comprehensive suite, we have a plan that matches your requirements.

Basic: Ideal for smaller entities looking for core compliance functionalities.
Advanced: Designed for mid-sized institutions needing a broader range of tools.
Premium: Tailored for large organizations that demand the most extensive set of modules for complete compliance coverage.

Volume Pricing Model Our volume pricing model, or pay-per-use, offers unparalleled flexibility, allowing you to pay based on the actual usage across various parameters such as the number of obliged entities, customers, products/services, delivery channels, transactions, countries, alerts, cases, SARs/STRs, and more. This model ensures that you only pay for what you need, making it an ideal choice for institutions with fluctuating compliance demands.

Pay-Per-Use: Adjust your costs in line with your activity levels, ensuring that your compliance expenditure aligns with your operational scale and complexity.

Benefits of Our Pricing Models

Scalability: Easily scale your compliance solutions up or down based on your evolving needs.
Cost-Efficiency: Only pay for the modules and volume you require, avoiding unnecessary expenses.
Flexibility: Choose from tiered plans for predictable costs or go with pay-per-use for maximum flexibility.

Our AML/CTF Suite’s user-based pricing model is designed to provide you with a flexible, scalable, and cost-effective compliance solution. With our tiered and volume pricing options, you can tailor your compliance strategy to fit your budget while ensuring you meet all regulatory requirements.