AML-TRACE compliance suite is a trusted anti-money laundering software by SMART Infotech set up in 2011. We at Smart Infotech provide a fast and easily configurable compliance system to help you meet your AML regulatory obligations in a cost-effective way. Obligated organizations are required to verify their clients in order to avoid financial crime risks. AML-TRACE is a solution that enables an enterprise-wide approach to manage KYC/EDD/CDD requirements from initial onboarding to ongoing due diligence. Customer Screening at onboarding and that which is ongoing, and continuous Transaction Monitoring by automating risk scoring helps you fulfill anti-money laundering, regulatory objectives. We help you in AML tracking, reduce risks and protect you against financial crime while achieving regulatory compliance. AML-TRACE makes effective AML compliance audit possible.
Our software makes it easy to collect, maintain and analyze your KYC data, improve the way you manage risk, On-Board clients, automate workflows and maintain a robust global compliance program.
We use the latest technological innovations to provide complete customer life-cycle risk coverage – accounting for customer on-boarding, ongoing due diligence and enhanced due diligence (EDD) processes. You will know your customer.
Application can automatically generate Suspicious Activity Report (SARs) and Suspicious Transaction Reports (STRs) to save time and effort. Application can automatically generate the required reports at a schedule time and make it available to the officer.
the AML-TRACE solution for CDD/KYC enables the implementation of an enterprise-wide consistent Risk-Based Approach (RBA).
Our application supports, conducting watch list checks including names provided in internal or by external data providers to obtain a detailed view of the customer.
Changes to customer data, triggers a re-evaluation of customer risk and highlight any deviation in customer risk profile. Ongoing Monitoring is applied to periodically check high-risk customers on Sanction and PEP lists. The Ongoing Monitoring Process protects businesses from risks such as non-compliance and loss of reputation.
Compliance officers can easily view customers that are creating alerts, violating set rules and internal STR’s. The dashboards also provide backlog, workload, and performance.
compiles a risk score and automatically evaluates the associated risk level by applying a scoring model using certain risk parameters such as Customer Type, Jurisdiction, Product, Payment mode and many other critical parameters.
We will work with you to ensure your organization’s AML requirements are met and the outcomes that you get from your solution help you to exceed regulatory demands.
The additional insights from AI Advisor which analyze multiple additional variables over and above the rules criteria help to reduce false positives. False positives are the main troubles for businesses. AML-TRACE application, with its advanced features, reduces false positives and reduces the workload of businesses. Besides, businesses can configure the screening parameter options either by name matching %, Nationality, Date of Birth or a combination of them.
enables management of KYC / CDD cases, including specific release of high-risk customers and manual discounting of risk.