IT Channel (Asia) Ltd - Anti Money Laundering Solutions

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Anti Money Laundering Solutions

Today, all financial institutions globally are required to monitor, investigate and report transactions of a suspicious nature to the financial intelligence unit of the central bank in their respective countries. Each country and institution has their local rules and guidelines to follow which make the monitoring complicated. IT Channel has developed the core engine to help financial institutions to tackle these challenges and provide customization services to meet the unique requirements of each organization.

The basic functions of our system include the followings:

Multi-Channel Integration:

Support different categories including drug-trafficker, liquidation list, political exposed persons, and etc.
An innovative package of parses to guarentee all data sources in all all format and structure can be parsed and imported
Dynamic manipulation of watch list format from MS Word, MS Excel, PDF, Plain Text, XML
Flexible integration from Internet resources or internal resources
Dual control and audited manual modification

Active or Passive Scanning:

Support scanning of account and transactional information by sending the information to AMLS on request call (passive)
Support active scanning in the enterprise data sources in schedule mode

Flexible Name matching:

Support various name matching criteria
Adjustable accuracy threshold

Customer Behavior Monitoring:

Rule-based monitors on multiple criteria

Suspicious Report management:

Supports sorting, filtering and searching of suspicious transactions or names
Clean presentation of suspected area and source of data

False-alarm management:

False hits are reviewed and authorized by customer. System learns and by-pass the false-alarm list
Customer can review and manage false-alarm list at prefered times

Unlimited customization and integration possiblity:

J2EE based component oriented software technology
Hot plug and play of system features
Seamless integration with open interface systems