Anti Money Laundering
Money laundering means the ways in which criminals change “dirty” money and other asset into “clean” money or assets that have no obvious links to their criminal origin.
To identify customer involve in money laundering and financing of terrorism, Need Watch List feature in Anti Money Laundering (AML) System.
Features for IT Governance
Only User with username & password could access this system
Show list of User, Add New User, Edit User, Activate or Deactivate User
Show list of User roles in the system
Show date and time of all activities happened from All user, such as Login, Upload File, Update Setting
The benefit using AML – Watch List System :
Centralize watch list data from different institution with different file format
Enrich watch list data from different institution
Faster screening customer data from different institution. No need to open one by one watch list file from different institution
Easy to compare updated data with previous data. Highlighted by system.
Easy integration with other system
Upload watch list data using batch processing. So, user don’t have to waiting the system. System will notify user if upload process done.
Has some features for IT Governance / IT Audit.