Anti-Money Laundering

Norkom’s Anti-Money Laundering (AML) Solution for complete end-to-end compliance

The Norkom AML solution for retail banks and insurance firms manages all aspects of the AML process, from account on-boarding to disclosures.

The solution offers a full spectrum of capabilities:

Transaction monitoring:
Detects and profiles customer and transaction activity across
all products and channels.
Automated risk assessment:
Evaluates geography, product and business type, coupled with an
evaluation of transactions, behavior and static information.
Know Your Customer (KYC)/ Customer Due Diligence (CDD):
Manages the customer on-boarding process through a defined sequence
of steps in a due diligence workflow.
Link Analysis:
Discovers hidden relationships among transactions, customers, accounts,
alerts, cases, products and channels.
Integration with legacy systems and databases:
Built-in connectors accelerate integration with disparate existing systems
and data sources.
AML Investigative Management:
Automatically triages AML alerts and provides investigative tools to
manage alerts through pre-defined workflows.
Sanctions and PEP screening:
Matches names and address to a range of internal and external lists
using Norkom’s Watch List Management technology.
Payment and Transaction filtering:
Identifies financial transactions throughout your organization involving
persons or entities contained on watch lists.
e-Filing of regulatory reports:
Automates the creation, population and filing of reports in many national
and international regulatory formats.

AML Knowledge and Adaptability – Future-proofing your organization

All Norkom AML solutions come with a wide range of pre-defined content workflows and investigative paths. Your organization gets the benefits of the deep domain experience that Norkom has developed through dozens of AML deployments around the world.

Each Norkom AML deployment includes configuration tools and engines which enable business users to edit and adapt the detection and investigation logic to reflect your changing requirements. This capability lowers your total cost of owning and managing your IT infrastructure and future-proofs you from changing regulations.

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