Anti Money Laundering
Anti Money Laundering solution will help for compliance, monitoring and reporting of a suspicious activity. There is also need to comply the regulatory requirement by the internal control as well as external control like central bank, ministry of finance or government etc.
Virmati System on AML is for two levels
Level-1
- Identification of Cash Deposit above Threshold Limits
- Identification of Cash withdrawal above Threshold Limits
- Inward Forex Remittance
- Know your Costumer (KYC)
- Including de-dup features
- Linking of account
- Watch list on transactions on consolidated basis of such groups…..
- Statutory Compliances
- Reports - Electronic Data Format - Suspicious Transactions
- Alerts
Level-2
We have developed tools to identify the transactions where account is not directly linked
- Based on frequency
- Based on volume
- Based on category
Most chain of transactions under Money Laundering is hidden and not apparent to human comprehension. The second generation Tool will identify this out.
Components:
Technology
Completely Web/Browser based
Our Solution offered is Compatible to all Operating system and RDBMS. Solution offered is operating system Independent, Database Independence, Process Based Application, Flexibility and Integrity in Application & Web Based Application Developed in ASP.NET.
Unicode Compatibility