Get support for the full AML risk assessment while fulfilling the requirements of the newest AML Directive on counteracting money laundering and terrorism financing.
Get support for the full AML risk assessment while fulfilling the requirements of the newest AML Directive on counteracting money laundering and terrorism financing.
Product Overview
PS AML provides full support for the identification, verification and risk assessment of new customers online, including context-dependent EDD (Enhanced Due Diligence) surveys.
PS AML makes it easy for organizations to detect changes that may affect the assessment of the risk assigned to a customer. Such changes may include, for example, changes in personal data, new linkages between entities, blacklisting or emergence of risky behaviors. If they occur, the risk assessment for the customer is changed accordingly in PS AML.
The scope of transaction monitoring depends on the level of customer risk. Increased monitoring is carried out in the case of high-risk customers. For low-risk customers, the rigor is reduced. For selected groups of transactions (e.g. foreign transactions) and for selected groups of customers (e.g. persons holding politically exposed positions, the so-called PEP, present on the black lists), continuous monitoring is applied. Transactions in all communication channels are analyzed.
Benefits
Fulfillment of the 4th AML Directive
The system allows for fulfillment of requirements of the newest AML Directive on counteracting money laundering and terrorism financing in the area of AML risk assessment calculation and management.
Full AML Risk Assessment Process
Offers support for the full AML risk assessment process – from assessing a new customer, through meeting the requirements for increased customer identification and verification, handling sanction lists and PEP.
Ready-Made Models
The system has implemented risk assessment models adequate to the stage of cooperation with customers, including those based on behavioral assessment of customers.
Security
It allows for efficient auditing and demonstrating that the institution meets the requirements of the Act on Counteracting Money Laundering and Terrorism Financing.
Flexibility
The software can be customized to suit your organization’s needs. it is possible to add and remove rules, patterns, risk models, use one’s own and external blacklists or configure alerts.
Versatility
The PS AML solution supports anti-money laundering efforts not only in the largest financial institutions in Poland, but also in other regions.
Special Offer Packages Available
Connect with our solutions team and get premium service and special offers tailored to your needs at no additional cost
Features
Automatic Risk Assessment
It is based on appropriately calibrated, ready-to-use risk assessment models taking account of, amount other, the following product, geographical and industry risk factors.
Real-time Assessment
Using appropriate technologies, the risk assessment is calculated in real time, with proper secure and high-performance architecture.
Sanctions Lists and PEPs
The system supports a wide range of sanctions and PEP lists available on the market. Appropriate access interfaces to different data formats are provided.
KYC/EDD Surveys
The requirements of enhanced customer identification and verification are ensured by automatically triggering risk – level and customer type – dependent EDD surveys.
Managing Blacklists
PS AML provides the functionality to manage and maintain the user’s own blacklists, allowing flexible supplementation of the imperfections visible on the lists available on the market.
Periodic Assessment
PS AML provides automatic customer risk assessment based on extensive rules and benchmarks. Automatic analysis includes detection of events and changes that man affect customer risk assessment.
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