Al Saqi e-payment services has selected our proprietary AML: a fully built and enhanced anti money laundering platform which will help screen customers and identify suspicious transactions. The application will assist Al Saqi on its journey towards complying with CB Iraq’s AML/CFT Regulations, thus reducing the risk of regulatory non-compliance.
Our proprietary solution delivers capabilities that banks require to stay compliant and secure, including:
- Risk Based transaction monitoring scenario Library
- Tools for seamless integration with any system
- A consolidated holistic view of customers, accounts and transactions
- Reliable infrastructure
- Ability to cater AML- compliance requirements on local and global levels
The solution comprises of the following modules:
- Watch-list screening
- Transaction monitoring
- Customer due diligence
- Risk assessment
- Case management
- Reporting
