Online gaming and gambling is growing fast, fuelled by developments in broadband communications and mobile technology. The gaming industry is faced with a variety of challenges leading to financial crime. The large amounts of money involved attract criminals who seek to defraud both operators and customers through a varied and evolving repertoire. AMLOCK is a universal remedy that not just meets the above-mentioned challenges but significantly enhances the capability to fight financial crime.
AMLOCK would help to:
- Detect fraud & money laundering instances by monitoring participants and transactions online
- Design ‘Know Your Customer’ (KYC) program which include algorithms to search and match identity/details of a customer against lists based on person’s names, addresses, dates and other identification documents
- Report suspicious transactions in accordance with local & international regulation.
AMLOCK has been designed to alert gaming companies on various parameters and enables them to effectively manage the alerts based on priority and classification.
Investigative workflow is built into the system and the product provides for multi-dimensional analysis of the company’s data, including identification of hitherto hidden relationships between customers.
AMLOCK is built on Java technology and it can be easily and economically manoeuvred to meet the ever changing technological landscape. It allows building easy interface with various Application Servers, Databases and Source Systems with minimal impact on the core product.