Our services & solution provides expertise not just as an IT- Company but also with domain expertise in the area of AML/CFT Regulatory Compliance Specialization to enhance compliance regime across your organization.
Our solution is customizable and modules are designed as per Regulatory Requirements & Obligations and FATF Recommendations for LFI’s (Licensed Financial Institutions & DNFBP’s) to enhance AML/CFT Compliance Regime.
Dashboard for quick customer and AML/CFT cases overview & summary
- Sanctions module with free consolidated list including UN & Local UAE List for screening customers (Full List Management Options), plus API’s for real time Paid source screening like World check, Dow Jones or similar sources with over 5 -6 million records for PEP searches and all applicable sanctions list & profiles as provided by these paid sources like Dow Jones
- Additionally free consolidated sanction screening list and list management facility which includes UN Consolidated list , OFAC list , Euro List & UAE local sanctions list (EOCN’s Sanctions list) with UNSC list will be provided in our sanction’s module for unlimited screening of records.
- Customer On-Boarding module with sanction logs and reports with time stamps for audit trials , Link Analysis to ascertain shareholding & UBO family tree.
- KYC process and Risk Mitigation & Risk Matrix (system generated Customer/UBO’s Profiling with clear bifurcations on High, Medium and Low Risk based on Risk Based Approach) as required by all Regulators and FATF Standards including international best practices are included.
- Bulk uploading option for Sanction Screening (Batch Uploading Feature) & APIs for real time screening options.
- (Risk Based Approach) RBA score setting and Risk reports asper FATF Standards & Guidelines to use multiple parameters to determine High , Medium & Low Risk Customers to help implement appropriate controls and manage AML/CFT/PF Risks.
- Risk Mitigation and Risk classification scoring to determine Inherent Risk, Controls effectiveness and Residual Risk for efficient decision making with reports on Customer Risk and Transaction Risk with Risk Assessment Reports.
- Transaction Application with uploading and approval process including sanction screening of all parties involved in transactions with log reports for Regulatory audit & reporting’s. with customizable scenarios to manage thresholds and push alerts into case management & investigation modules for further case investigations with reports and logs.
- Goaml uploading option for bulk reporting to Goaml system (REAR/DPMSR – uploading feature) * applicable as of date only for DPMS & Real Estate Brokers.
- System correspondence to communicate the id- expiry to customers on their documents and for internal correspondence on case management and investigations with iSTR reports.
- Periodic and event-based sanction screening options – equipped with KYC refresh screening options.
- Complete Case management module for sanctions and transactions
- Investigations and internal chat options with document uploading feature.
- Customer Document Repository
- iSTR module
- Internal Ticketing module for system support and query
- MIS module and unlimited group user management right setting & multiple unlimited user creation within your entity.
- User Training and ongoing system support.
- Assistance on Regulatory Consultations by experts
- Assistance for mapping and implementing policies and procedures for enhanced AML/CFT Compliance Regime
