Transaction Monitoring Features:

• Efficient Suspicion Detection: Identify suspected transactions and maintain investigation records.
• Rule-Based Alerts: Automatically generate alerts for suspicious activities based on predefined rules.
• Enhanced Efficiency: Monitor a higher volume of transactions in less time.
• Improved Alert Quality: Enhance alert quality and accuracy.
• Beneficiary Screening: Screen beneficiaries, correspondents, and beneficiary banks for remittances.
• Comprehensive Capabilities: Offer case management, regulatory reporting, and audit tracking.
• Flexible Scanning: Perform real-time, batch, or end-of-day scanning against watch-lists, internal lists, predefined rules, and customer transactions.
• Automatic Monitoring: Monitor all inward, outward remittance, and foreign currency transactions automatically.
• Real-Time Risk Management: Manage high-risk individuals, countries, and transactions in real-time.
• Exemptions and Fine-Tuning: Fine-tune settings to minimize false positives and enhance alert accuracy.
• Supporting Documentation: Attach supporting documents during investigations.
• Re-Investigation: Allow managers to reassign violations for further investigation.
• Dashboard Summary: Get a summary of newly reported violations on the dashboard.
• Custom Risk Classification: Define risk classifications for countries, regions, products, and suspicious names.
• Cost Reduction: Reduce compliance costs through streamlined investigations.
• Historical Tracking: Maintain a history of all violations for names, rules, cases, and reports for reference.
• Quick Acknowledgment: Swiftly acknowledge non-matching alerts.
• Automatic Alerts: Automatically generate alerts for transactions related to High Intensity Drug Trafficking Areas (HIDTA) and sanctioned regions.
• Risk Assessment: Categorize customers as high, medium, or low risk for quick risk assessment.
• Exclusion Periods: Exclude certain reported violations from scanning for defined periods.
• Violation History: Instantly access previous violations for newly reported violations, aiding AML officers in taking appropriate actions.
• Built-In and Custom Reports: Access a variety of built-in reports and create additional reports as needed.

Experience enhanced transaction monitoring, risk management, and com pliance with AML-TRACE, your dynamic solution for safeguarding your exchange operations.