The Best Financial Crime Compliance Software: Protect Your Business Today
Financial crime can take many forms, including money laundering, fraud, and terrorist financing. It can damage your business’s reputation, lead to financial losses, and even result in criminal charges.
In today’s globalized economy, financial crime is a growing threat to businesses of all sizes. That’s why it’s important to have the best financial crime compliance software solution in place. Financial crime compliance software can help you identify and mitigate financial crime risks, protect your business from financial losses, and comply with all applicable laws and regulations.
The financial crime compliance software offers full service ranging from ad-hoc advisory to partial business process outsourcing. The solution provides better, cost-effective, and swift compliance with regulatory criteria via a high degree of automation. By bridging the gap between technical and practical compliance, the software minimizes non-compliance risks. msgRethink integrates automated processes to encompass data selection, essential data quality checks, seamless execution, result evaluation, and the provision of optimal threshold recommendations.
The Best Financial Crime Compliance Software Solution Features
AML & Counter-terrorism Financing
Identification and protection against money laundering for all industry and segments, including the Suspicious Activity Report (SARs) preparation
Guidelines and best practices derived from international regulatory bodies and industry organizations.
New classifications, hidden networks, internal fraud, trade-based money laundering, and money laundering in banking and trade finance
Monitoring sanctions lists and analysing payment flows to detect and stop fraudulent financing
Anti-Bribery & Corruption
Compliance management of business partners from initial screening to continuous monitoring of changes in scenarios to partnership termination
Monitoring significant business partner related events and transactions for early identification of red flags and risks in ongoing activities with third-parties
Risk Assessment
Risk identification
Comprehensible risk categorization and assessment
Audit trail
To-do priority overview
Risk situation visualization
Automated calculation
Governance Through Group-wide Policy Management
Automate policy and task distribution
Break down silos, connect teams, strengthen resilience
Centralized policy portal for swift and easy access
Maximize performance, enhance accountability
Backtesting Process
Analyze, adjust, and optimizes risk parameters
Selects data and checks data quality
Prepare to backtest and runs the process
AI-based Data Bots
Intelligent customer segmentation
Alert & case investigation
Quality checks and prioritization
Periodic review agent
Monitoring and reports
Country Risk as a Service
Recurring service with country risk reports on selected regions and flat files for monitoring systems
Online access to risk platform for generating country reports and flat files
Access to best-practice risk rating technique with full configuration options for stored risk models and weightings – can also add your own data
Experience the Power of the Best Financial Crime Compliance Software Solution
Request for a Free Demo for financial crime compliance software: Whether you need to prevent money laundering among goods traders, manage mobile payment systems and bank-related services in the telecommunications industry, or ensure business partner compliance to combat bribery and corruption industry-wide, we are here to support you