Transafe Anti Money Laundering Platform
Transafe Anti Money Laundering Platform
Project Details
AML platform connects the Retails Banks and Non Banking Financial Institutes (NBFIs) with Financial Intelligence Centers (FICs) run under economic ministry of a country. Daily transaction reports are collected and analysed in real time to provide predictive AML analysis and transaction history investigation.
Timeline
6 Months
Platform
Web application
Deliverables
Business process consulting; User experience design; Application Development; Deployment and Support
Data Collection
Daily transactional data from banks and NBFIs are collected into the system via Financial Institute portal. User accounts and special workflows are implemented in the system for financial institutes to ensure data accuracy and legal compliance.
Compliance Validation
Application validates all uploaded transactional data with extensive rules customisable by FIC admins. Validation rules are configurable for specific report types such as Cash Transaction Report (CTRs), Electronic Transaction Report (ETR), Suspicious Transaction Report (STR) etc.
Key Features Developed
Link Analysis
Analysts at FICs can search for transactions within the system and link analysis the cash flow between multiple persons and accounts for investigative process. Link analysis is based on pattern recognition and smart transactional modeling of gross cash flow.
Statistical Reporting
Platform provides extensive reporting on activities in the system and business intelligence based on transactional data. Report types include employee logs, Financial Institute performance, Document statistics and preconfigured national transactional reporting
Behaviour Detection
Rule based transactional modelling to identify customer behaviour and classification. A custom scoring system provides analysts with critical information on various user characters
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