AML-TRACE is the one-stop solution. Know in detail why you absolutely need the software to minimize your organization’s financial risks.
All companies need to monitor client transactions to get an idea of & keep a check on money laundering activities transaction monitoring solutions. Besides, they need to satisfy AML/CFT compliance requirements. If they fail to do so, strict penal action is taken against them.
AML transaction monitoring can be done. But that is very time-consuming & resource-intensive as firms need to collect & analyze large amounts of data. Besides, there is always the risk of human error, which can prove harmful to the company.
This is where the AML-TRACE transaction monitoring software saves the day. It helps the stakeholders save time in collecting & analyzing data. Further, it removes the chances of human error & thus, increases the accuracy & efficiency & and efficiency and enhances a firm’s compliance performance.
This is done every time a customer interacts with the company’s services.
AML-TRACE provides procedural efficiency & accuracy, thereby minimizing false positives.
No extensive training or technical knowledge is required to install AML-TRACE. The software has high usability in terms of ease of installation & implementation of transactions.
The transaction monitoring software ensures the automatic management of firms’ regulatory priorities. Thus, customers can be categorized into risk tiers.
It is a highly adaptable solution as it can be easily adjusted for various regulatory environments & risk levels without any technical support.
The tool has been used by many businesses whose stakeholders have reported its excellent performance during audits & investigations.
These mention the names, addresses, social security or tax IDs, birth dates, passport numbers, driver’s license numbers, & occupations & phone numbers of all parties involved in the illegal activity.