Anti-Money Laundering (AML) and Sanctions
Regulatory Compliance Assessment
The company assesses the current state of AML and Sanctions program implemented by the client and provides the gaps that are required to fulfill to comply with the regulatory body. Assessment is performed considering the current lines of business for the client, and mitigation steps and solutions are provided to fulfill the requirements like NY DFS 504, FINRA 3310, and similar.
Compliance Solutions Implementation
Following the assessment or for the new system, Company will provide the end-to-end implementation solution customized for the client requirement considering the regulatory requirement as DFS NY 504 and performs the activities for AML model implementations like risk assessment, identifying the AML model for the risk assessment, assessing the current models, implanting or tweaking the existing model, processes like country derivation, entity resolutions, and segmentation and finally the models tuning for the right parameters.
Data Quality and Data Governance
The company performs the data quality and data governance assessment and provides the enhanced value to add the solution. For sanctions, it is important that the name screening is done at the highest quality level, and for AML, it is important that the entity is assigned the right segments for the risk and alerting. These all depend on the data quality and the discipline enforced by the data governance program. The company provides solutions and expertise in such areas.
Model Validation and Transaction Monitoring
The company provides the services for Model validation of the current AML models and assesses the transaction monitoring system.
AML Lookback Solution
The company has the processes and expertise to perform the lookback process like processing the Swift, FedWire, and CHIPS messages, mapping into a unified format, country derivation, entity resolution, segmentation, transform & loading of the transactions, Rule replication, alert generation, and alert analysis.
The company assesses the current state of AML and Sanctions program implemented by the client and provides the gaps that are required to fulfill to comply with the regulatory body. Assessment is performed considering the current lines of business for the client, and mitigation steps and solutions are provided to fulfill the requirements like NY DFS 504, FINRA 3310, and similar.
Compliance Solutions Implementation
Following the assessment or for the new system, Company will provide the end-to-end implementation solution customized for the client requirement considering the regulatory requirement as DFS NY 504 and performs the activities for AML model implementations like risk assessment, identifying the AML model for the risk assessment, assessing the current models, implanting or tweaking the existing model, processes like country derivation, entity resolutions, and segmentation and finally the models tuning for the right parameters.
Data Quality and Data Governance
The company performs the data quality and data governance assessment and provides the enhanced value to add the solution. For sanctions, it is important that the name screening is done at the highest quality level, and for AML, it is important that the entity is assigned the right segments for the risk and alerting. These all depend on the data quality and the discipline enforced by the data governance program. The company provides solutions and expertise in such areas.
Model Validation and Transaction Monitoring
The company provides the services for Model validation of the current AML models and assesses the transaction monitoring system.
AML Lookback Solution
The company has the processes and expertise to perform the lookback process like processing the Swift, FedWire, and CHIPS messages, mapping into a unified format, country derivation, entity resolution, segmentation, transform & loading of the transactions, Rule replication, alert generation, and alert analysis.