Regulatory Compliance Application
Divas Software’s EWC&RM compliance product has been architected, designed and developed based on FATF 40+9 recommendations. Central to its design is the regulatory risk based approach and suspicious transaction monitoring under constantly changing global money laundering practices. EWC&RM’s end-user centric functionalities include:
• Name Filtering against Multiple Sanction & Watch-lists
• Single Click Watch-Lists Scans During On-boarding of New Customers and Batch Scans of Entire Customer Database Against Updated Watch-Lists
• Repository of Photo, ID & Address Proofs
• Anti-Money Laundering and Anti-Terrorist Financing Transaction Detection, Case Creation & Due Diligence
• Risk Based Customer Profiling
• Regulatory Reporting of Suspicious and Large Cash Transactions
• AML Training & Knowledge Updation
• Multiple Operational Compliance Reports for the End-users, Ops Managers, Compliance Department and Administrator.
These functionalities in conjunction with host of other features of EWC&RM, allows a financial institution to create an organization-wide compliance coverage with the help of automating processes under all the four regulatory compliance areas:
A. Customer Acceptance Policy (CAP)
B. Customer Identification Procedures (CIP)
C. Monitoring of Transactions (MoT)
D. Risk Management (RM)
To achieve this, the application could either be integrated to your core solutions for online transaction monitoring or sit beside your existing applications in an offline mode for batch processing of financial transactional data.
To know more about EWC&RM and how it could be rolled out at your institution to combat dynamic scenario of money laundering and terrorist financing, please contact us:
Divas Offshore Software Technologies (P) Ltd.
N-1/3, DLF Phase II, Gurgaon - 122002, India.
Tel: +91.124.4018801 (8 Lines)
Sr. Product Executive
Divas Software specializes in building & implementing business centric innovative software application products. These are built on top of our extensive service industry exposure through multiple engagements in Banking, Insurance, Financial, Travel, Hospitality and Telecom domains.
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