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Anti-Money Laundering Solution: For The Securities Industry

The document discusses an anti-money laundering solution for the securities industry from Actimize. It summarizes that tighter banking regulations have pushed money launderers to target the securities industry, requiring new AML monitoring solutions. Actimize provides a modular AML platform that monitors transactions for securities firms, detecting red flags like manipulative trading. The solution helps firms improve efficiency, reduce costs, and adapt to changing regulations and criminal tactics.

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73 views2 pages

Anti-Money Laundering Solution: For The Securities Industry

The document discusses an anti-money laundering solution for the securities industry from Actimize. It summarizes that tighter banking regulations have pushed money launderers to target the securities industry, requiring new AML monitoring solutions. Actimize provides a modular AML platform that monitors transactions for securities firms, detecting red flags like manipulative trading. The solution helps firms improve efficiency, reduce costs, and adapt to changing regulations and criminal tactics.

Uploaded by

ro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Anti-Money Laundering Solution

For the Securities Industry

Challenge
The addition of [Actimize]
AMLsolutions will provide our
customers with the suite of tools
they need to meet [current
requirements and new mandates] and help them to continue
growing their businesses with
state-of-the-art risk monitoring
capabilities.
- Claire Santaniello
Chief Compliance Officer
Pershing

ighter regulations and improved monitoring in the banking industry


have incited money launderers to turn to the securities industry,
gaining access to high value transactions and easy to use online
trading. As a result, regulators have introduced anti-money laundering
(AML) requirements that are specific to the securities industry. Securities
firms must now monitor trading activities with solutions designed for
securities-specific money laundering scenarios and risk factors. With
limited resources, firms are challenged to keep up-to-date with constantly
amended, complex AML regulations.

Solution

ctimize monitors billions of transactions daily for securities firms


such as Pershing, Crdit Agricole Asset Management, and BNP
Paribas. The Actimize Anti-Money Laundering (AML) solution
provide firms with detection capabilities for AML red flags for securities,
including manipulative trading, trading in low-priced securities, and
more. Built on a common platform, the Actimize AML solution consists of
three modules Suspicious Activity Monitoring, Customer Due
Diligence, and Watch List Filtering each offering rapid deployment
and a flexible environment to efficiently address changing AML compliance requirements.

Sin
g

Increase
Efficiency

Decrease
Costs
Sh
ile
are
d Activity Prof

View

Improve
Alert Quality

mer
sto
Cu

Customer
Due
Diligence

g
rin

Suspicious
Activity
Monitoring

le

Integrate
dR
isk
Sc
o

Leverage deep domain expertise

Watch
List
Filtering

Actimize provides comprehensive, modular


AML capabilities on a single platform

Actimizes team of on-staff subject matter experts, with 100+ years of


combined experience, include former regulators and compliance
officers from leading securities firms. This, combined with insights from
client advisory councils of leading financial institutions, ensures that
Actimize solutions remain at the forefront of functionality and compliance best practices.
Improve productivity and reduce costs

Generate high-quality alerts and fewer false positives with securitiesspecific behavior analytics and advanced scoring algorithms, ensuring
analysts focus on the highest risk activities. Reduce AML program costs
with a flexible data architecture, proven methodology, and user friendly
controls that enable faster implementation and provide adaptability.
Meet evolving needs for the securities industry

With an extensive built-in library of established securities models,


Actimize solutions provide out-of-the-box rules with tunable parameters
designed to meet the needs of retail and institutional brokerage firms,
investment banks, and more. Additionally, firms have the necessary
flexibility to create new rules and keep pace with shifting criminal
tactics and changing government regulations.

Anti-Money Laundering Solution


For the Securities Industry

How It Works
Comprehensive AML coverage
The Actimize AML solutions provide end-to-end compliance
and better customer insight, leveraging a flexible data architecture, built-in connectors to common back-end systems, and a
proven methodology to enable faster deployment and lower
total cost of ownership. Deployed on a single Actimize
platform, solutions can be implemented individually or as an
integrated package.

Enterprise wide solutions


Actimize solutions are built on a common platform, allowing
securities firms to achieve a holistic view of enterprise risk. As
a result, securities firms can reduce overall costs of data
infrastructure, deployment, training, and support when deploying additional Actimize solutions such as those for fraud
prevention and brokerage compliance.

Suspicious Activity Monitoring

Proven AML activity monitoring across multiple


types of securities firms, products, and services
Customer Due Diligence

Comprehensive, risk-based CDD program, including


Know Your Customer, Enhanced Due Diligence,
and full customer life-cycle management
Watch List Filtering

Comprehensive screening against multiple watch


lists to identify and manage sanctioned or high
risk individuals and entities
Centralized risk case management
Actimize AML solutions leverage a fully integrated,
Web-based case manager interface for efficient alert
management, automatic reporting and regulatory
e-filing, and full audit tracking. With predefined
investigation workflows, the solutions ensure investigations are effectively resolved according to standard
compliance protocol.
Comprehensive management oversight
Delivering comprehensive reporting and dashboard
functionality, the solutions allow managers to quickly
assess the overall effectiveness of the AML system and Web-based case manager dashboard view
staff. Compliance officers can take proactive steps to
quickly identify and resolve issues.

About NICE Actimize


NICE Actimize is the world's largest and broadest provider of a single financial crime, risk and compliance platform for the financial services
industry. NICE Actimize empowers its clients to prevent financial crime, mitigate risk, reduce operational costs, minimize losses and improve
compliance. The company provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk
management and trading surveillance solutions; built upon the Actimize Core Platform which has been enhanced by the company's acquisitions
of Syfact and Fortent (Searchspace) analytics and technology. With offices across North America, Europe, Asia and the Middle East, NICE
Actimize serves the majority of the worlds largest financial institutions including all of the top 10 global banks. www.actimize.com
01SEP10 AML-SEC

New York 212 643 4600

London +44 (0) 20 7255 1065

Tokyo 813 5408 9050

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