Monitoring of clients in accordance with the prevention of money laundering and terrorist financing act

Risk monitoring (Prevention of Money Laundering and Terrorist Financing Act) enables the defining of risk categories on client level. Based on individual characteristics of the client automatic determination of corresponding labels is also enabled and based on these a calculation of the risk category, to which the client belongs. The system also notifies of or blocks the opening of new transactions for those clients for which business operations are prohibited.

Software support enables:

  • parameterization of conditions for:
    • defining of labels and risk categories,
    • limitation of business operations,
    • defining of conditions of deviation from transactions in a specified comparative period,
    • defining of conditions of deviation from cash flow transactions,
    • defining of conditions of deviation from transactions with countries not present on the white list,
    • defining of conditions of deviation from saving deposits.
  • monitoring of the review of clients and notification system for required repeats of review,
  • automatic assigning of defined labels,
  • automatic marking of a review for clients which do not deviate from transactions on their accounts,
  • printouts and reviews for help with the monitoring of client’s transactions,
  • printing out of clients with their corresponding categories,
  • review and printing out of average account flow deviations (comparison between previous period and current period),
  • review and printing out of cash flow transactions deviations (comparison between previous period and current period),
  • review and printing out of transactions with countries not present on the white list,
  • review and printing out of of deviation from saving deposits.