LAUNDEROR detects money laundering based on predictive analytics that detect anomalous transactions. Prevent the association of your brand and company with illegal behavior. Show proof to authorities that you battle crime.
Money Laundering is illegal. Financial institutions are obliged to combat it. Lack of all reasonable action to combat it can mean extremely destructive actions from authorities and public opinion.
Financial institutions must prove they comply with the law. Detecting money laundering activities is not easy. All products and activities must be carefully scrutinized. Which of the millions of policy holders, or customers, are behaving abnormally? Which of the millions of actions is laundering money? Detection mean stricter policies, increasing employee sensibility, and detecting anomalies.
Many patterns of transactions associated with money laundering, differ little from legitimate transactions; those differences can be used to flag possible fraudulent cases.
LAUNDEROR™is a set of mathematical algorithms that are trained, to detect anomalous behavior by customers or agents. Based on your company’s and relevant external data, the mathematical models are trained to detect the irregular behaviors patterns that provide clues to detection. Through modeling the normal behavior, we determine the unusual behavior that is anomalous: suspicious activity.
Regulators expect to see clear audit trails, documenting the origin of suspicious activity, locking down data, and outlining the steps taken to investigate and resolve alerts. LAUNDEROR™ provides the information you need for Compliance reporting with a High Degree of Confidence.
How does it work?
First, identify a significant sample of fraudulent money laundering cases;
Second, model and classify the cases.
100% of data is analyzed by statistical and mathematical algorithms.
Patterns and behavior are detected that currently systems are not able to.
High degree of confidence in Compliance with anti-money laundering laws.
Can be controlled by CFO or Head of Internal Audit. For whom reporting is critical.
As time passes the implementation models will learn and adapt to new laundering techniquess.
Algorithms are fully auditable by regulatory authorities, there is no black box.
LAUNDEROR™ is a SaaS (Software as a Service) application, so it requires no user installation, software and mathematical models management. Once information is uploaded, simulations begin and results displayed. Contact us for a free demo >