Our comprehensive Anti-Money Laundering solution provides a complete technology suite including:
KNOW YOUR CUSTOMER
Implement a comprehensive Customer Identification Program (CIP) to comply with guidance for Enhanced Due Diligence (EDD).
Easily verify individuals and entities with automated sanctions screening.
Identify suspicious activity, record and maintain evidence, and automate SAR and CTR filing.
Detect account takeovers and prevent payments with stolen bank accounts or credit cards.
In early 2015, the Department of Justice reached a civil and criminal resolution with a California-based bank, following an investigation into consumer fraud schemes. In this presentation, we’ve broken down the resolution to explore the actual charges, lessons from the enforcement, and how you can reinforce your risk program to avoid similar scenarios.