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Achieving Holistic AML

White Paper, September 13, 2018

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When it comes to customer risk, do your teams have the visibility they need to prevent an anti-money laundering (AML) violation? 

Now, more than ever, achieving a 360-degree view of your customers is essential for optimized and effective AML compliance. The complexity and reach of modern-day financial services provide the perfect terrain for money-laundering schemes that use any combination of multiple customers, accounts, products, financial firms and regions. Additionally, the expanding ecosystems of e-commerce and online financial services provide even more opportunity for moving and cleansing illicit money. 

To avoid being the unwitting host of schemes involving tainted funds, organizations must be able to follow the money by tracking customer and account activity across the enterprise. They must also be able to assess the overall risk posed by customers who hold multiple accounts, as well as the risk inherent in networks of linked customers and accounts. 

Given such challenges, many organizations are adding strategic components to their compliance stack in order to achieve enterprisewide AML compliance. 

Download this white paper, Achieving Holistic AML, from CSI and Celent to learn how the following program components help support a holistic approach to AML: 

  • A centralized method of building customer risk profiles
  • Real-time screening to support faster onboarding, same-day payments and digital services
  • AML and anti-fraud programs integrated at the enterprise level
  • Advanced technologies such as machine learning to reduce false positives and support dynamic risk profiling 

Implementing enterprisewide AML can help you overcome limitations of legacy compliance solutions, while at the same time supporting AML compliance operations in today’s rapidly changing financial landscape. This white paper tells you how. 

Take the first step toward achieving a holistic AML program by downloading the white paper now.