Increasing payment transactions pose AML and Fraud risks to banks and financial institutions, and their customers. With multiple banking environments and the rise of emerging payment methods, its detection has become extremely complex and difficult. Banks look for solutions that are adaptive to different banking environments and help them perform screening of international and domestic payments.
AMLOCK SWIFT remittances monitoring module screens originator, beneficiary and any other critical information in the payment messages against various caution lists. The screening engine uses various search techniques like Fuzzy Search and Partial/ Full String Search for screening payment information. Configurable search levels and match scores allows the users to calibrate the screening process and control false hits.
Powerful SWIFT Remittances Monitoring Modules
Scanning for Multiple MT Messages
Screening of 34 MT Messages including 100, 200, 300, 400, 500, 700 series
Flexible Screening Parameters
Configurable screening parameters for sender and beneficiary
Flexible Workflow
An efficient workflow to screen, approve and reject matches
Real-time Screening & Automation
Both real-time and offline screening supported
2 level maker checker review
Threshold Monitoring
Set thresholds based on Message type/ Currency or Country Code
Audit Trail & Reports
Capture all actions and changes made
MIS reports generated in multiple formats
Winning Business Outcomes
Safeguard your organization against financial crime and stay compliant with regulations with AMLOCK.
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Increasing payment transactions pose AML and Fraud risks to banks and financial institutions, and their customers. With multiple banking environments and the rise of emerging payment methods, its detection has become extremely complex and difficult. Banks look for solutions that are adaptive to different banking environments and help them perform screening of international and domestic payments. 
