Due to sharp increases in regulatory enforcement today, including cease-and-desist orders and record fines, it is now a top priority for your financial organization to comply with regulations like the Bank Secrecy Act and USA PATRIOT Act.
Without a comprehensive BSA/AML program, you face the risk of:
In addition, the increasing sophistication of money launderers and government regulators demands a more comprehensive response to avoid exposure. If your anti-money laundering program still follows manual processes, you face the risk of rendering it inefficient, inaccurate and, ultimately, ineffective. It is, therefore, necessary for you to plan for a BSA/AML strategy to protect your institution.
Developed to provide you with comprehensive real-time monitoring of your organization and its risks, Wolters Kluwer Financial Services state-of-the-art Wiz Sentri: Financial Crime Control solutions presents only real threats as they arise. Products like AML, CTR and AIS provide you with the ability to address those risks in the most efficient manner.
Wiz Sentri automates each facet of your BSA/AML compliance program, including:
It successfully eliminates time consuming, inefficient manual processes, increases the effectiveness of your program and staff, and significantly decreases your overall BSA/AML compliance risk.
Wiz Sentri™: Financial Crime Control solutions deliver comprehensive BSA/AML compliance to your institution
Wiz Sentri™: Financial Crime Control Anti-Money Laundering (AML) module delivers the combined power of profiling and transactional analysis to your BSA/AML compliance program. Its enhanced suspicious activity detection technology is designed to mesh seamlessly with the platform's. The program's included case management and automated SAR creation and filing tools also help you to efficiently and effectively fight money laundering in your institution.
AML's functionalities include:
Currency Transaction Reporting (CTR) solution meets the growing demands of regulators for CTR compliance, supporting, complex aggregation logic for daily cash transactions. It also streamlines operations for back office BSA personnel to enable greater productivity.
The CTR solution empowers financial institutions with:
Consulting gives you an on-call staff of compliance and software experts to help you stay in regulatory compliance and meet your business goals. Learn More.