Smart Infotech

Go through a newspaper or a periodical, there are 80% chances that you will find a case related to Money laundering. No one can deny that financial fraudulent activities have been skyrocketing for a long time now. Since financial institutions like banks, insurance companies, etc deal with public money, a minor financial intervention can majorly hamper the situation.  Technology has bestowed the tricksters with the new ideas, but it has also facilitated us with AML sanction screening software.  WHAT DOES SANCTION SCREENING SOFTWARE DO?  Sanction screening is meant to verify the people or organizations against a global watchlist and check the sanction lists to identify the risks involved in performing financial activities with them. Some softwares are intentionally designed to put a full stop to all fraudulent acts.  SANCTION SCREENING SOFTWARE, IS THE NEED OF THE HOUR The surge in money laundering cases: Public and government suffer unbearable consequences because of the financial bre

The AML solution is a vertical one that influences the best business practices and unique technologies to help financial organizations comply with Anti-money Laundering regulations. The AML Solution put light on Know-your-customer profiling and Client Scoring and History. Against multiple watch lists and suspicious activity monitoring, it also provides AML Watch List Management via the client’s Transactional Behaviour analysis. Key Features of AML Solution:- Here’s a quick checklist of key characteristics of a good AML solution - Higher-level analytics Reporting features Extraordinary data management capabilities Instead of a strictly rules-based system, the use of artificial intelligence to discern anomalies in financial transactions A full-scale and future-ready digital platform Ease in maintaining the software Parametric excess doorway in various qualitative and quantitative dimensions Online fund transfer and customer checking against watch list presence The related mechanism for