Risk And Compliance

Anti-Money Laundering and KYC

Anti-Money Laundering (AML) compliance is one of the top issues faced by financial institutions; AML takes up a lot of time, money and resources, is complex and has effects across the organization, and is a significant risk factor, as mistakes can lead to huge fines and reputational loss.
New payment technologies, such as crypto-currencies and new Fintech service providers further increase the problem.
To further complicate the situation, global compliance regulations are rapidly evolving.
Currently, the level of algorithmic sophistication used by service providers and the financial services industry has not kept pace with the increasingly complex global financial system.
Thus, the financial system is under increased pressure to develop a more robust, efficient, proactive approach to understanding their customer’s activity and improve compliance.

Move from the customary bottom-up approach in dealing with your current “stock” of open AML alerts to our Next Dimension top-down approach and save time and money while lowering the regulatory risk.
Use our automatic Next Dimension tools and methods to “make sense” of your multiple open AML alerts, understand them in a holistic way and close them in batches rather than one by one, while documenting the full story behind them.
Use our Case Management and investigation/forensic tools to enhance your investigation abilities and achieve quicker, better, and well documented results.
Use Next Dimension in your KYC recertification process of high risk customers to promptly visualize and understand the customer actual activity and its compliance with the expected activity.

With numerous success stories Next Dimension is a tool of choice in discovering the unknown and unexpected in the dark realm of fraud and embezzlement.
Check Next Dimension’s automatically discovered fraudulent patterns of activity.
Immediately identify interrelations of suspected and fraudulent customers and employees and act to stop the frauds with full view of their method and scope.

For more information please contact us

For more information please contact us