ACI Fraud Management is a critical component of a strong AML compliance framework, supporting financial institutions to remain compliant with AML, KYC and CFT/ATF, protect their institution and customers
Apply AML, KYC and CFT strategies Implement strong strategies for risk management across domestic and cross border payments
Comply with regulations Report and manage suspected financial crime in line with regulations and global sanctions
Reduce false positives Monitor transactions to accurately identify financial crime without increasing risk
Ensure compliance and mitigate risk
Compliance is not a static state. The risks and penalties for failure to report or stop money laundering or suspected terrorism financing continue to rise and the speed and volume of transactions continues to grow. Keeping pace with regulatory change is critical for risk management and customer experience. ACI Fraud Management ensures ongoing compliance.
Integrate with the ACI High Value Real-Time Payments enterprise sanctions filter to provide a set of services that position financial institutions to minimize the manual effort required to screen suspicious items
Add rules in real time, enabling employees to address evolving reporting requirements, government mandates and new money laundering schemes
Maintain continuous regulatory compliance, avoid fines and improve straight-through processing rates (STP)
Establish an AML risk management framework for governance, assessment, detection, investigation and reporting
Leverage supervised machine learningwith enhanced behavioral profiling for improved accuracy and operational efficiency
Manage compliance processes with complete case management capabilities with analytics and dashboards to facilitate auditing
A strong AML framework demands strategies for KYC and WLM. Complete screening against all sanctions requirements including Politically Exposed Person (PEP), Office of Foreign Assets Control (OFAC), Section 314(a) for Law Enforcement Information Sharing with the Financial Industry, Negative Media and all other organizational lists.
Perform customer due diligence and identity verification against source
Support enhanced due diligence for a Money Service Business (MSB) and high-risk profile transactions
Manage entity resolution for complete end-to-end AML and customer experience processes
Gain full value from your digital payments solution, drive new revenues and rapidly bring innovative payment offerings and value-added services to market
Integrated suite of advanced software products that provides in-depth monitoring and analysis of your payments transactions, applications and infrastructure
CustomersPartners
Apply AML, KYC and CFT strategies
Comply with regulations
Reduce false positives
