Compliance Programs and Intra-national Regulatory Requirements such as The Proceeds of Crime Act (POCA), The Bank Secrecy Act (BSA), Basel II, Sarbanes Oxley (SOX) and the Dodd-Frank Act dictate that financial institutions and their subsidiaries are required by law to integrate anti-money laundering measures and liquidity requirements into their operations.

The focus of CaseWare™ Monitor AML is to assist institutions in meeting compliance requirements in an effective and efficient manner by automating regulatory reporting, and by monitoring financial transactions and customer information. The ability to assign responsibility for anomalies detected and to maintain accurate records of all actions taken is key in allowing institutions to take all reasonable steps and exercise the necessary due diligence to avoid committing an offense.

CaseWare Monitor AML allows you to independently and holistically monitor your core systems, and to detect fraud and errors in your financial systems such as ERPs and bespoke applications. This allows immediate insight into every transaction.

Key benefits include:

• Lower audit preparation and compliance costs
  On-going monitoring of all transactions as they are performed allows you to initiate the audit process early and to validate the efficiency of your controls to external regulators and auditors.

• Better fraud detection
  Gain insight into 100% of transactions, and through a collaborative workflow, facilitate analysis and investigation of exceptions.

  Anti-Money Laundering Solution Overview