ComplyRadar helps businesses perform transaction monitoring in order to adhere to AML requirements by automatically identifying suspicious activity in real-time or on a scheduled basis, while reducing the risk of false positives. Monitoring of individuals, accounts and entities occurs through a fully audited process and alerts you about flagged transactions.
ComplyRadar enables you to: • Reduce human error and reliance on reports • Monitor transactions in real-time • Facilitate the manual processes for compliance staff • Reduce the number of tools needed for the compliance team to carry out their day-to-day tasks • Detect suspicious AML/TF related activity – reduce false positives • Escalate and communicate cases between team members or cross-department • Easily adapt to ongoing regulatory changes • Facilitate auditing through the maintaining of an electronic audit trail of investigations Objectives • Address transaction monitoring requirements as specified by AML/TF regulations. • Streamline internal processes and communication across the compliance team. • Automate transaction monitoring processes, minimising manual workload and elements of human error. • Ensure that “configured monitoring rules” are automatically enforced on all transactions giving a 360° view to the compliance team. • Help maintain a healthy balance between stringent regulation and customer experience
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