Single Comprehensive Solution to Automate AML / CTF/ Fraud Monitoring and Reporting

Global money laundering transactions are estimated at 2 to 5% of global GDP, or roughly U.S. $1-2 trillion annually. Yet according to the United Nations Office on Drugs and Crime (UNODC), less than 1% of global illicit financial flows are currently seized by authorities. With increased risk of financial crimes and greater regulatory pressure and penalties being levied, manual and error-prone processes need to become automated and intelligent to accelerate the detection of money laundering activities.

With Anti-Money Laundering Acts and Regulations demanding strict compliance, banks and financial institutions look for a partner who will enable them to:

  • Shift from post-facto reactions to real-time alerts
  • Build agile, scalable and comprehensive risk frameworks
  • Automate and build cognitive intelligence to provide 360-degree insights and smart alerts

AMLOCK is an integrated, web-based anti-money laundering and financial crime detection and management solution designed specifically for banks and financial institutions, payment providers, insurance companies and telecom companies. It comprehensively addresses country-specific AML regulatory governance, compliance and risk management requirements and serves as an early warning system for bank abuse and fraud.

The Smart Route to Integrated AML Compliance

AMLOCK has been designed taking into account international (FATF 40+9, EU guidelines, BSA Secrecy Act, etc.) and country-specific regulations.

AMLOCK automates the entire process of data import and validation, customer risk classification and review, transaction monitoring, alerts escalation, customer screening and regulatory reporting.

AMLOCK is packed with the following modules:

Designed with rigorous research AMLOCK is a total AML compliance & financial crime detection and management solution incorporating the latest tools to detecting money laundering and fraud.

Industries we serve

Safeguard your organization against financial crime and stay compliant with regulations with AMLOCK.

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