Fulfillment of the requirements of the 4th AML Directive
The system allows for fulfillment of requirements of the AML Directive to the extent of the requirements of the Act of 1 March 2018 on counteracting money laundering and terrorism financing in the area of AML risk assessment calculation and management.
Full AML risk assessment process
PS AML provides support for the full AML risk assessment process - from assessing a new customer, through meeting the requirements for increased customer identification and verification, handling sanction lists and PEP (politically exposed persons), cyclical customer assessment and transaction monitoring.
Ready-made risk assessment models
The system has implemented risk assessment models adequate to the stage of cooperation with customers, including those based on behavioral assessment of customers.
Integration of EDD surveys into the KYC process
Automatic adjustment of the content of KYC surveys according to online AML risk assessment. Access to surveys for persons conducting the customer's onboarding process from the level of the supported CRM system. Survey results are available for AML officers directly in the case handling module.
High-performance solution architecture
The technologies used allow the system to be deployed in a high-performance environment. This allows for safe integration with operating systems in organizations. As a result, the risk assessment of a new customer and transaction monitoring are completed in milliseconds.
Meeting the needs of the compliance department
An integral part of the environment is the alert management module dedicated to the AML team working in compliance departments. It allows for handling cases indicating a higher risk of money laundering, so that alerts are adequate to the type of the case (new customer, EDD, existing customer, transaction monitoring, EDD).
PS AML has been developed for years. It has successfully passed inspections of supervisory institutions on several occasions. It allows for efficient auditing and demonstrating that the institution meets the requirements of the Act on Counteracting Money Laundering and Terrorism Financing, thereby protecting the company in the event of an inspection and minimizing the risk of penalties.
The software can be customized to suit your organization's needs. it is possible to add and remove rules, patterns, risk models, use one's own and external blacklists or configure alerts.