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KYC & Document Management
The KYC and Document Management module centralizes all customer relationship data — individuals, companies, and related entities. It automatically calculates risk scores, scans and stores required documents, and alerts for missing information. The system continuously checks clients against sanction and PEP lists (e.g., OFAC, UK, DFAT) and automatically rescans when lists are updated. Reviews are scheduled based on entity type and risk level.
Account monitoring and transaction tracking
Account monitoring and transaction tracking consolidate all activity into a single virtual account per customer, comparing transactions to expected profiles set at onboarding. User-defined behavior rules detect anomalies, which are sent to the Alert Management System for action. Open APIs allow seamless integration with one or multiple back-office systems.
SWIFT Message screening
SWIFT Message Screening monitors all inbound and outbound messages in real time, checking against sanction and third-party lists for matches, sanctioned countries, and banned terms. Flagged messages are quarantined for review, while custom approved and sanction lists reduce false positives and strengthen controls.
Alert Management System
The Alert Management System (AMS) is AMLtrac’s case management tool, logging and managing all alerts. The MLRO assigns cases for review and closure, with every action and communication recorded for a full audit trail. The AMS Console provides real-time oversight of new, assigned, and overdue cases, ensuring complete control of AML risk.
Screening and Filtering Engine
The Screening and Filtering Engine (SAFE) is used by, and is essential to, KYC, NameChecker and SWIFT message screening. It can also be used on a stand-alone basis by those companies that wish to screen a file of names as a batch at periodic intervals.
FATCA
FATCA Reporting takes data from multiple back-office systems and consolidates it to create the necessary FATCA export files in the prescribed XML format. To be able to produce the export file it needs to see, and be able to identify, movements across the relevant accounts and also to see the SWIFT messages to enable it to be able to identify payments to NCFFI’s.
Cash Remittances
The Cash Remittance module serves institutions with walk-in customers sending cash to known beneficiaries, ideal for small money bureaus. It verifies remitters visually, applies transaction limits, and screens both parties against sanction lists before processing. Approved transactions integrate seamlessly with back-office systems via APIs for straight-through processing.
Management Information
AMLtrac provides Dashboards of essential information enabling you to be totally in control of the compliance risk at all times and to give senior management and the regulators peace of mind.
