International regulatory pressures to combat money laundering and terrorist financing have intensified at an unprecedented rate. Due to the nature of financial services, detecting and preventing financial crime is becoming more and more complex. Compliance professionals are thus looking for better and more cost-effective strategies. FL-SISTEM partnered up with Eastnets , who developed anti-money laundering solutions to address these specific challenges .
These solutions help financial and non-financial institutions to reduce exposure to money laundering and create a wide view of customer’s relationship and risks, monitor activity using multiple detection methods, investigate and document suspicious cases, use detailed audit information and produce required regulatory reports.
Eastnets SafeWatch AML offers a choice of ready-made or custom scenarios to monitor unusual behavior and suspicious transactions. Risk scoring can be linked to customers, accounts and transactions, providing a more precise risk monitoring solution. You can easily customize your monitoring and investigation workflow as you need to and cater for any changes in your team’s compliance structure and policies.
Eastnets SafeWatch Screening is the world’s most sophisticated anti-money laundering solution that enables financial and non-financial institutions to filter transactions, messages and customers against watchlists in real time. It has the ability to screen everything from databases to names, files and messages. Easily manage an unlimited number of lists, including Sanctions, Politically Exposed Persons (PEP), Adverse Media Entities, etc.
With Eastnets SafeWatch KYC you can capture all necessary customer information, with the ability to customize Know Your Customer (KYC) forms based on regulatory and internal needs. It also enables dynamic and ongoing risk-scoring modules to assess your customer’s calculated level of risk. The risk scores are automatically updated based on any changes in customer’s information.