X
Icon

The 21st Minute


Blog

CaseWare Unveils New Anti-Money Laundering (AML) Solution

New Solution Will Help Financial Institutions Meet Compliance Requirements & Avoid Hefty Penalties


Toronto, Canada, February 1, 2016 — CaseWare Analytics announces the release of version 5 of its CaseWare AML Compliance solution, which helps financial institutions meet all their Know Your Customer (KYC), Transaction Monitoring, Regulatory Reporting, and Sanctions List Screening requirements in one platform. This solution generates significant ROI by reducing compliance workloads and safeguarding against hefty fines and penalties for non-compliance.

“With the growing list of AML regulations, it’s essential that financial institutions have a comprehensive solution they can trust to help them ensure compliance,” says Andrew Simpson, Chief Operating Officer, CaseWare Analytics. “CaseWare AML Compliance solution is simply unrivalled in that it is a tool to meet all key AML requirements while also promoting the processes for a sustainable culture of compliance within an organization.”

The CaseWare AML Compliance solution provides a variety of features and key capabilities that improve the effectiveness of compliance programs. This includes auto-generated customer risk scores and regulatory reports, sanctions list screening, and monitoring of 100% of transactions from any data source so unusual activities are discovered quickly.

The solution is driven by the data analytics of CaseWare’s flagship software, IDEA®, providing users with the clear and comprehensive insights needed to effectively manage and improve AML compliance programs. Users can also engage the entire business in compliance efforts, with the solution offering fully customizable workflows and case management, which facilitates escalation and creates an audit trail of all remediation activities. 

“By maximizing CaseWare AML Compliance’s features, including case management, data analytics, remediation workflows and automated reporting, businesses can reduce their compliance workload,” says Andrae Duhaney, CaseWare AML Compliance Product Owner. “Our solution lets customers take control of their compliance programs so they can actually get ahead of their risks and relieve the burden of compliance.”

CaseWare Analytics will be hosting a webinar on February 3, 2016 at 2:00 PM ET to demonstrate how CaseWare AML Compliance helps financial institutions comply with regulations and engage their entire business in compliance efforts. Click here for more information and to register.

About CaseWare Analytics
With more than 400,000 users worldwide, CaseWare Analytics technologies are built upon the foundation of best practices in assessing risk and controls, enabling audit and finance professionals to use real data insights to create remarkable ROI and business improvement opportunities. Email [email protected] or call 1-800-265-4332 ext. 2800.

Media contact:
Beverly Ford, Marketing Manager
CaseWare Analytics
[email protected]


CaseWare Monitor , News



Posted By

By


Related Posts
5 Ways Manufacturers are Using Analytics to Make Data-Driven Decisions
Nov 20 At times, any manufacturing enterprise can feel like a web of mysteries and riddles. Just keeping track of all the moving parts—from supplier relationships to...
Conflicts of Interest
Nov 15 Conflicts of interest (COI) occur when an employee must choose between the financial interests of the company and their own personal benefit. Over the years, I&...
Fraud Week Edition: Ghosts are Real! Ghost Employee & Vendor
Nov 14 Ghost Employees Ghost employees and payroll fraud can take different forms including fictitious employees, employees who do not work, and continuous payment af...
BROWSER NOT SUPPORTED

This website has been designed for modern browsers. Please update. Update my browser now

×