Every financial enterprise is required to implement BSA/AML rules to help detect and report suspicious activities.
Aithent BSA Manager (ABM) is a comprehensive, scalable, and proven solution to streamline your BSA operations.
This investigative case management system supports generation and electronic submission of SARs and CTRs to FinCEN while maintaining a robust audit trail of all actions taken. Ever changing federal regulations combined with continually evolving criminal activities, make it difficult and difficult to efficiently and effectively investigate and track BSA/AML related issues, including money laundering red flags.
Aggregate case data
Organize fraud activities
Analyze patterns
Review suspicious activity alerts
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Aggregate case data
-
Organize fraud activities
-
Analyze patterns
-
Review suspicious activity alerts
Aithent BSA Manager
There are strict timelines that must be met for investigations and regulatory reporting, such as suspicious activity reports (SARs) and currency transaction reports (CTRs).
A documented audit trail of all related case data allows analysts and investigators to the ability to:
- Aggregate case data
- Organize fraud activities
- Analyze patterns
- Review suspicious activity alerts
Thus, ensuring a full understanding of why a specific SAR or CTR was submitted.
A Knowledge Base for Complex Financial Environments
ABM has the functionality investigators and analysts demand with the versatility that management requires to handle BSA/AML matters of the highest complexity and severity. Collaboration, workflow, document management, alert management, interactive investigation, and on-demand reporting capabilities including pre-population and electronic submission of SARs and CTRs streamlines the investigative processes.
ABM integrates with Umaizi providing financial institutions with a comprehensive view and analysis of their customer/member activity.
Using a wide variety of advanced monitoring technologies and state-of-the-art analytical investigation elements, ABM combats and deters money laundering and terrorist financing effectively.
Key Features
- Investigative case management
- Trigger and submit SARs and CTRs
- KYC and EDD support
- Robust audit trail
- Configurable dashboards
- Board reporting
- Periodic reviews
