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AML Softwares

This category will list down the news and details regarding some AML software solutions which are in the market

May 15 2018 Dirty money and money laundering have been around since the existence of currency itself. On a global level, as much as $2 trillion is washed annually, estimates the United Nations. Today’s criminals are sophisticated, using ever-adapting tactics to bypass traditional anti-fraud solutions. Even in cases where enterprises...
   - A BSA Officer Shares what it's like to work with a software company that really understands their business. Austin, December 23, 2011 – Banker’s Toolbox has been supplying community banks and credit unions with BSA compliance and anti-money laundering software for more than a decade. And over that time...
September 1, 2016 Like all financial companies PayPal worries about fraudsters, armed with stolen credentials, logging into a legitimate customer's account and using a credit card linked to it. The company has more reason than most to worry, given its high visibility and massive payment volumes. It generates $10,900 in payments...
July 21 2016 IT solutions companies are creating tools to increase robustness in the transaction monitoring process and the detection of unusual financial activity. These systems are based on standard typologies of money laundering: Identifying spikes in value or volume of transactions Monitoring high risk jurisdictions Identifying rapid movement of...
May 25 2018 PRIMIS Mortgage Network has partnered with SmartSearch, enabling its brokers to conduct thorough anti-money laundering (AML) checks. SmartSearch is a secure online anti-money laundering verification platform, which helps to prevent fraud by carrying out in-depth verification checks on both individuals and businesses.
SAS, the leader in business analytics software and services, announced its collaboration with Dubai Islamic Bank (DIB) to help prevent money laundering among the bank’s customers. SAS will support the bank with Anti-Money Laundering (AML) solutions that meet the compliance requirements of the UAE and the Foreign Account Tax...