Anti-Money Laundering

Transaction Monitoring with Siron®

Overview

Compliance departments struggle with two challenges: to fully comply with a battery of ever-changing anti-money laundering (AML) regulations and reduce the costs to do so. Regulations like USA Patriot Act, Bank Secrecy Act, EU Money Laundering Directives or the 2012 Financial Action Task Force (FATF) Recommendations require financial institutions to have a robust AML program in place. They need to detect suspicious activity by those who use banking resources to introduce the proceeds of crime into legal, financial and economic circulation. FICO TONBELLER helps financial institutions through all AML aspects and stages. Our integrated system offers an end-to-end solution with components which can also be used as stand-alone applications.

Solution Architecture

Anti-Money Laundering

FICO TONBELLER’s AML solution follows the risk-based approach and facilitates the identification, categorization, and assessment of money-laundering risks. Based on derived prevention measures, the research and monitoring system filters relevant money-laundering issues through advanced analysis of customer and transaction data. Due diligence corresponds to the customer's risk class. The system continually matches customer data with sanction, PEP, and other lists, and accurately detects and blocks payments from or to sanctioned persons and organizations. Sophisticated cockpits provide executives with a snapshot of enterprise AML activity to enable a structured approach for refining AML programs.

Customers

Available Products

FICO® TONBELLER Siron® AML

Product overview

Siron® AML is an advanced analytics solution to detect money laundering. It monitors customers, accounts and transactions with pinpoint accuracy for suspicious activity. Comprehensive investigation, visualization and case management functionalities allow to fully analyze alerts and support the decision process from invalidating a suspicion to electronic filing of suspicious activity reports (SAR) to the authorities. This proven end-to-end software solution helps AML officers to easily keep up with new threats and comply with ever-growing regulatory requirements in a cost-effective way.

FICO® TONBELLER Siron® KYC

FICO® TONBELLER Siron® RAS

FICO® TONBELLER Siron® RCC

FICO® TONBELLER® Siron® Embargo

Product overview

Siron® AML is an advanced analytics solution to detect money laundering. It monitors customers, accounts and transactions with pinpoint accuracy for suspicious activity. Comprehensive investigation, visualization and case management functionalities allow to fully analyze alerts and support the decision process from invalidating a suspicion to electronic filing of suspicious activity reports (SAR) to the authorities. This proven end-to-end software solution helps AML officers to easily keep up with new threats and comply with ever-growing regulatory requirements in a cost-effective way.

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Ever wonder how Finanz Informatik protects four hundred and thirty banks from money laundering?

Finanz Informatik

Finanz Informatik, based in Frankfurt, Germany, is an IT service provider for 430 German savings banks. As global regulatory expectations continue to increase, organizations are being exposed to a greater degree of compliance risk than ever before; Finanz Informatik provides IT and Risk solutions to member savings banks across Germany. 

Finanz Informatik shares their perspective and success in meeting regulatory scrutiny around Anti-Money Laundering with a risk-based approach.

 

Meet Finanz Informatik