X-TRACT AML Anti-Money Laundering Solution
For financial intelligence units in neutralizing financial crime and the financing of terrorism
| At A Glance |
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Actionable Intelligence for Financial Intelligence Units
Financial intelligence units play an increasingly important role in detecting criminal and terrorist activity. However, their ability to generate intelligence from banking, commercial, and other transactional data is made more challenging by:
- The application of anti-money laundering laws to a growing number of activities, including gaming, organized crime, drug trafficking, and the financing of terrorism
- The overwhelming and growing volume of information that must be gathered and assessed
- The difficulty of correlating data in disparate formats from an array of sources
- The need to readily share intelligence and collaborate with other agencies and organizations, often on an international basis
X-TRACT AML is designed to help financial intelligence units master these challenges and distill Actionable Intelligence in order to detect financial crime and prevent the financing of terrorism.
X-TRACT AML Features
X-TRACT AML is ideal for financial intelligence units that seek to deploy an end-to-end anti-money laundering solution or integrate specific anti-money laundering modules with their existing systems.
This sophisticated anti-money laundering solution automatically collects and fuses large volumes of data from an array of sources: Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Negotiable Instrument Logs (NILs), Internet-based activity and transactions, and much more. X-TRACT AML automatically normalizes, categorizes, and indexes this multi-format data, enabling users to query and search through data in a meaningful way. Then, X-TRACT AML automatically analyzes the data to identify relationships and anomolies that might not otherwise be found, and displaying results in an intuitive, user-friendly interface. This powerful solution can help FIUs perform more effectively and, by performing these functions automatically, dramatically reduce inefficiencies attributable to lengthy manual processes and human error.
X-TRACT AML features include:
- A flexible investigative methodology designed to meet the needs of Financial Intelligence Units
- Advanced data analytics (text mining, visual link analysis, mass link analysis, statistical reports, and interfaces with third-party analytics) for both structured and unstructured data to help generate comprehensive, accurate intelligence and detect criminal activity that might not otherwise be found
- Dynamic, drill-down displays that correlate data from multiple data sources and display data and analyses in an intuitive, prioritized format tailored to your organization’s objectives
- Rapid query response time, with the ability to search for exact terms, use wildcards, date ranges and other data parameters
- Customizable, rules-based alerts to automatically notify investigators about suspicious behaviors, individuals, and organizations under investigation
- Case management tools for grouping, linking, and sharing case-specific data and analyses, pending user rights, for more productive investigations
- A modular, open architecture, facilitating product, data, and system integration, with the scalability to accommodate future needs
X-TRACT AML is part of the X-TRACT solution suite, which combines the benefits of advanced data fusion technology and investigation methodology with sophisticated analytic applications to expertly guide investigations and expose new leads. Find out how these solutions can help your organization. Contact Verint® today.
