Compass AML Management
Compass AML Management is a unique multilingual web-based anti-money laundry software in Syria, the Middle-East and the Arab world. One hundred percent of its development has been done in Syria to adapt to all polices and legislation of the central bank of Syria, as well as international legislation and rules of SWIFT association to minimize the risks associated with suspicious activities of fraud and illegal operations.
The system ensures validating details of all current clients and new clients, also checking the suspicious cases, transactions, and accounts, as well as checking all information with international and national black lists issued by central banks and accredited associations (e.g. OFAC)
Compass AML Management covers the following:
· Definitions (users, roles, customers, threshold, currencies, branches, areas, cities, countries, beneficiaries, positions, cashiers, business natures, risks, transactions, types, flow types … )
· Filtering Black lists (list definitions, search, log, advanced search, batch checks, etc.)
· Know your customer (KYC)
o Enables inserting all customers’ valuable information
o Accumulating transactions summaries from the CBS (Core Banking System)
· Money Landry activities
o Cash transaction statements (CTS)
o Create case and flow rules
o Cases processing
o Cases history
· AML scenarios & investigation
· Management and monitoring
· Integration with any banking system, e.g.: SWIFT.
· Notification and warning system
· Reports Wizard:
o Operations Less Than Threshold by certain amount/percentage
o Operations More Than Threshold
o Sum Transactions Exceed Threshold in branches over the banks
o Conflict Between CTS & KYC
o Large Transactions Not In CTS
o CTS Not Within Transactions
o Transactions on Specific Account
o Transactions For Business Nature
o Cases Report
o KYC Report
o Log Report
o Black List Report