CaseWare Anti-Money Laundering Compliance Solution

Single Platform

to easily oversee all of your compliance requirements

Complete Picture

of all your AML risks and data

Optimal Process

to engage all stakeholders in compliance efforts

Take control of your AML compliance program

The AML Compliance ChallengeWith the growing focus on regulatory compliance, financial institutions are under pressure to comply with anti-money laundering (AML) regulations. Ensuring compliance with regulations such as the Bank Secrecy Act (BSA), the USA Patriot Act and the Proceeds of Crime Act is complex and work intensive.

Failing to demonstrate that these controls are in place can lead to crippling penalties, reputational damage and even criminal charges, fines and imprisonment. To meet AML compliance requirements, your organization must fulfill a number of key criteria, including:

One Solution to Cover All of Your AML Compliance Needs

1 Financier Worldwide. May 2014. http://www.financierworldwide.com/aml-enforcement-trends/#.VonF3_krKM8

$5.2 Billion in AML Fines

The amount of AML fines levied by

U.S. regulators between 2001 and

2014—80% of which were doled out

between 2012 and 2014 alone.1

Metrics and Reporting: KPIs, Visualizations, Data Aggregation

Case Management: Workflow, Remediation, Guidelines

Insights: Compliance, Exceptions, Risk Scores

Data Discovery: Due Diligence, Dashboards, Root Cause

Data Analytics: Any Source, 100% Coverage, Automated

Risk & Controls Framework: Sustainable, Optimized, Performance

Transaction Monitoring

Know YourCustomer

Sanctions ListScreening

Regulatory Reporting{Alerts

• Knowing who your customers are• Monitoring transactions to detect suspicious activities• Screening against sanctions lists to identify high-risk customers• Preparing and filing suspicious activity reports (SARs) and

currency transaction reports (CTRs)

The CaseWare AML Compliance solution puts you ahead of these challenges and engages the entire business in compliance efforts. Unlike other solutions that only satisfy one of the key requirements, CaseWare meets them all—within a single platform.

The platform is driven by data analytics, enabling you to effectively manage and improve your program with clear and comprehensive insights into AML risks.

Automated Transaction MonitoringMonitor all transactions across a range of products, services, locations, data sources and even disparate systems to ensure unusual activities are discovered quickly. With more than 200 pre-seeded analytics—including those that detect common AML red flags such as structuring, flipping and smurfing—CaseWare AML Compliance is a comprehensive monitoring platform. Its analytics can also be tailored to meet your organization’s specific needs. With a strong data analytics foundation, CaseWare AML Compliance allows our customers to generate new insights on demand to respond to emerging risks and changing regulations.

Risk ScoringBy focusing compliance efforts on high-risk customers, you increase the efficiency of your compliance program. CaseWare AML Compliance performs this task for you, automatically calculating and maintaining a risk score for each customer based on their activities, associated accounts and relationships.

Know Your Customer (KYC) ComplianceKnowing your customer is a critical component in most compliance programs. CaseWare AML Compliance

validates your customers’ identities by detecting missing or incomplete information. You can also screen customers against various internal and external lists during onboarding and then periodically to determine if they have become high risk.

Sanctions List ScreeningFinancial institutions that serve high-risk customers face hefty

fines, reputational damage or criminal charges. CaseWare AML Compliance screens your customers against multiple sanctions lists to identify risky individuals, entities and politically exposed persons (PEPs). It also screens your customers at various points to detect high-risk individuals and transactions:

• During onboarding to screen potential customers and vendors when opening new accounts

• Periodically to screen your entire customer base regularly to identify any changes that could pose a risk

• In real-time during transactions by screening senders and recipients of wire transfers and drafts

$16 Billion in Sanctions Fines

Providing more assurance, the solution is integrated with the Thomson Reuters World-Check database, which currently includes more than 800,000 sources. If your organization has a high-risk customer, the solution will detect them and coordinate the necessary remediation.

Between 2001 and 2015, banks were

fined an approximate $16 billion USD

for breaching U.S. sanctions.2

IdentificationRisk Classification

Screening

Verify the existence of basic information for all customers

Apply risk score based on number, types of accounts, account status, etc.

Identify abnormal transactions based on the customer profile

Verify customers against internal and external watch lists (e.g., PEPs)

Profiling

2 Thomson Reuters. 2015. https://risk.thomsonreuters.com/infographic/fines-banks-breached-us-sanctions

CaseWare Analytics is a globally recognized software development company providing solutions that revolutionize audit, risk management and compliance. Servicing over 400,000 users worldwide in 16 languages for the past 25 years, our family of products aims to provide business improvement through strong controls.

About CaseWare Analytics

Learn More Today!salesidea@caseware.com

1-800-265-4332 ext. 2800

www.casewareanalytics.com

The Added Benefits

Reduce compliance costs Automating customer and transaction data monitoring reduces the effort and costs to maintain compliance—while increasing coverage to reduce the risk of issues going undetected.

Identify and resolve data quality issuesIf there are any issues affecting the integrity of your data, CaseWare AML Compliance will discover them before compliance is affected. It then ensures the necessary steps are taken to resolve the problem across all entities.

Key CapabilitiesCaseWare AML Compliance offers a wide range of unique and powerful capabilities to improve the effectiveness of your program, including:

Analytics• Extensive data analytics to identify anomalies and compliance issues• To review customers, accounts, relationships, internal activity and 100% of transactions• Pre-seeded analytics for banks, money services businesses, insurance companies and more

Remediation workflow and case management• Notifications and alerts delivered via email and text messages or in app• Fully customizable workflows that facilitate escalation and create a comprehensive audit trail of

all remediation activities• Attachments, comments and indicators can be added to alerts to assist in root cause analysis or

create cases for investigations • Case management to facilitate enhanced due diligence• Emails can be sent directly from alerts and responses are automatically added to the system

Data Visualization• Insights for key program metrics through interactive charts and visual discovery• Facilitates further analysis with drill-down capabilities• Create your own insights with built-in tools

Stay compliant across all key AML regulatory requirements and create a culture of compliance in your organization with the CaseWare AML Compliance solution. Visit casewareanalytics.com to learn more about how our solution can help you take control of your AML compliance program.

Automated Regulatory ReportingCaseWare AML Compliance removes the pressure and hassle involved in regulatory reporting by automatically populating the reports with information from our data analytics platform and details entered during due diligence. Now you can easily review and edit reports before sending them.