This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Product | Feature | Notes |
|---|---|---|---|
| 10 DEC 2020 | Know Your Customer | Updated document. Added new product. | |
| 10 DEC 2020 | Customer Screening | Updated document. Added new product. | |
| 15 OCT 2020 | Created initial document. |
This guide outlines the information you need to know about new or improved functionality in this update.
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- Risk-based monitoring and investigations of suspicious activities that specifically target smaller financial institutions.
- In-built scenario library to detect the most common anti-money laundering scenarios.
- Ready-to-run data pipelines to prepare and optimize data for behavior detection, which includes an extensive library of data quality rule checks.
- Ability to create and tailor data and scenario pipelines via drag and drop UI to meet customer requirements.
- Ability to tune scenario parameters to provide optimum configuration.
- Ability to configure thresholds to provide optimum configuration. Threshold Simulator allows testing of threshold sets against scenario pipeline to verify events are generating optimally.
Case Investigation and Reporting
- Robust in-built case management streamlines analysis and resolution in a single unified platform.
- Ability to generate operational reports of cases enhances data visualization and analyses. The ability to run reports is role-based, and users can generate reports and view them in tabular and graphical formats.
- Transaction Monitoring Process Modeler which facilitates built-in tooling for orchestration of human and automatic workflow interfaces. This enables Administrators to model business processes and create configurable workflows.
- Robust in-built case management streamlines analysis and resolution in a single unified platform.
- Ability to generate operational reports of cases enhances data visualization and analyses. The ability to run reports is role-based, and users can generate reports and view them in tabular and graphical formats.
Administrators can configure Case Management to prioritize cases according to your organization's requirements, based on case type, jurisdiction, and business domain. Investigators can later choose to change the case priority for individual cases manually, if needed.
Case Titles are generated by Case Management based on Case Type.
Individual Case Titles can be modified in the Case Context.
The Prospect and Risk Assessment panes were added to display KYC Case details.The Event Details page allows users to set Event Decisions on one or more events.
- Report creation on CRR cloud service.
- Migration of data from case to US SAR report as per pre-defined mapping.
- Maker checker workflow to review quality of the report.
- Generate STR e-file in US SAR XML format.
- Supports Batch e-file generation.
- Allows to upload acknowledgments of the submitted e-files.
This service provides capabilities for users to Generate goSTR reports from the true positive cases identified in the transaction monitoring service.
- Report creation on CRR cloud service.
- Migration of data from case to goSTR report as per pre-defined mapping.
- Maker checker workflow to review quality of the report.
- Generate STR e-file in goSTR XML format.
NOTE: OOB service is a generic goAML template with all the fields mentioned in schema without targeting any jurisdiction. If a customer signs the deal the template will be configured and rolled out as a separate service.
- Support for commercial and free sanctions lists
- Ability to create and maintain internal watchlists
- Ability to screen individual and entities in both batch and real-time.
- Pre-configured thresholds for Sanctions, Politically Exposed Persons and Enhanced Due Diligence
- Ability to configure thresholds to provide optimum configuration.
- Pre-configured and extensible synonym library to improve matching quality.
- Process Modeler which facilitates built-in tooling for orchestration of human and automatic workflow interfaces. This enables Administrators to model business processes and create configurable workflows.
- Robust in-built case management streamlines analysis and resolution in a single unified platform.
- Ability to generate operational reports of cases enhances data visualization and analyses. The ability to run reports is role-based, and users can generate reports and view them in tabular and graphical formats.
- Ability to risk rate prospects like Organizations, Individual and Financial institutions during customer on boarding process.
- Configurable risk scoring thresholds and risk modelling
- Risk inheritance i.e. ability to risk rate customers based on their relationship types to primary customers
- Support for commercial and free sanctions lists for on boarding purposes
- Ability to create and maintain internal watch lists on boarding purposes
- Ability to screen individual and entities for on boarding purposes. .
- Pre-configured thresholds for Sanctions, Politically Exposed Persons and Enhanced Due Diligence
- Ability to configure thresholds to provide optimum configuration.
- Pre-configured and extensible synonym library to improve matching quality.
- Robust in-built case management streamlines analysis and resolution in a single unified platform.
- Ability to generate operational reports of cases enhances data visualization and analyses. The ability to run reports is role-based, and users can generate reports and view them in tabular and graphical formats.
- Process Modeler which facilitates built-in tooling for orchestration of human and automatic workflow interfaces. This enables Administrators to model business processes and create configurable workflows.