As the global financial services community faces unprecedented levels of risk, few areas have seen higher levels of activity and regulatory focus than money laundering and counter-terrorist financing (CTF). As the adoption of Anti Money Laundering (AML) and CTF laws and regulations grows globally, financial institutions are increasingly being viewed as the first line of defense against money laundering.
Oracle Financial Services Anti Money Laundering provides an enterprise platform enabling efficient detection, investigation and reporting of suspected money laundering and terrorist financing activity. As a result financial institutions can achieve compliance with both local and global AML/CTF regulations with a more transparent view of financial activity and customer risk, all delivered through a streamlined investigation process and at reduced costs to the institution.
The Oracle Financial Services Behavior Detection Platform delivers the most complete financial crime and compliance management process oversight by integrating all key dimensions including detection, prevention, investigation, and resolution across multiple channels, jurisdictions, lines of businesses, and customer life-cycle stages.
Oracle Financial Services Anti-Money Laundering, the award-winning “gold standard“ in AML solutions, provides automated, comprehensive, and consistent surveillance of all accounts, customers, correspondents, and third parties in transactions across all business lines. The solution allows organizations such as banks, brokerage firms, and insurance companies to monitor customer transactions daily, using customer historical information and account profiles to provide a holistic view of all transactions and activities. It also allows organizations to comply with national and international regulatory mandates using an enhanced level of internal controls and governance.