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AML by the Numbers

Alessa
Alessa

AML stats

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Here is what the respondents of the PwC Global Economic Crime Survey 2016 did to address increased
regulatory expectations:
People and AML
48%
More Training
44%
More Staff
40%
More Communication
37%
Restructured
33%
More Governance
Here are the top destinations or originating jurisdictions of electronic funds transfers related to
suspected money laundering cases involving fraud offences (except securities/investment fraud),
according to the FINTRAC Typologies and Trends Report, April 2012.
USA
UK
IRN
one
JPN
two
three
four
HK
five
Top Destinations of Electronic Funds Transfers Related to Money
Laundering According to FinCEN, as federal fines have increased, so too have the number of reported incidents filed
by casinos.
Casino Money Laundering
2012
0 50,00019,803
2013
0
2014
0
50,000
50,000
27,503
46,575
JAN FEB MAR APR MAY JUN JUL AUG
1,000
4,000
2,000
3,000
SEP OCT NOV DEC
5,000
3,976
2,964
4,086
4,251
3,744
3,828
4,138
3,8423,707
4,192 4,274 4,300
Suspicious EFT/Wire Transfers Recorded by U.S. MSBs in 2015
2012 2013 2014 2015
30,000
120,000
60,000
90,000
From suspicious source of funds to transactions
being out of pattern, here are the number of
money laundering Suspicious Activity Reports
(SARs) reported to FinCEN by U.S. MSBs:
SARs from U.S. Money Services Businesses
150,000
2012 2013 2014 2015
3,000
12,000
6,000
9,000
From suspicious source of funds to transactions
being out of pattern, here are the number of
money laundering SARs reported to FinCEN by the
U.S. Casino/Card Club:
SARs from U.S. Casino/Card Club
15,000
w w w . c a s e w a r e a n a l y t i c s . c o m
AML by the Numbers
CaseWare Analytics is home to IDEA®
Data Analysis and the CaseWare Monitor continuous monitoring platform. Our software solutions are built on a foundation of industry best practices and expertise,
enabling audit, compliance and finance professionals to assess risk, gather audit evidence, uncover trends, identify issues and provide the intelligence needed to make informed decisions, ensure
compliance and improve business processes. We offer solutions that meet the needs of auditors, analysts, purchasing card managers, compliance officers and more. With 40 distribution offices
worldwide, CaseWare Analytics’ products and solutions serve more than 400,000 professionals in 90 countries. To learn more visit casewareanalytics.com.
The CaseWare AML Compliance solution enables financial institutions to generate new insights into their data so they are better positioned to respond
to emerging risks and changing regulations. The solution includes more than 200 pre-seeded analytics, including sets specific to banks, money services
businesses (MSBs), insurance companies and more.
Meet All of Your AML Compliance Requirements Within a Single Platform
Transaction Monitoring The solution monitors all transactions across multiple locations and entities from any data source. Unique capabilities include:
•	 Cross-channel automated monitoring – Automatically detect and prevent unusual behaviour
•	 Data consolidation – Collect data from relevant sources
•	 Early identification – Identify suspicious transactions including structuring, smurfing and flipping
Know Your Customer (KYC)
Compliance
With CaseWare AML Compliance, you can verify your customers before doing business with them.
•	 Validate customer identities – Detect missing or incomplete data
•	 Ensure compliance and apply risk scores – Examine customer data to ensure KYC compliance and apply risk scores based on
defined metrics
Sanctions List Screening CaseWare’s solution allows you to screen individuals against sanctions lists at various points in your process and triggers an alert
when anything unusual is detected.
•	 Pre-screen before acting – Screen potential customers and vendors when opening new accounts
•	 Automatic periodic reviews – Screen your entire customer base on a regular basis to identify possible changes
•	 Real-time interception – Intercept transactions in real-time by screening senders and recipients of wire transfers and drafts
•	 Quick detection of high-risk customers – The soluton is integrated with Thomson Reuters World-Check database, providing
added assurance that high-risk customers will be detected
Regulatory Reporting CaseWare AML Compliance offers automated reporting and allows mass filings of regulatory reports.
•	 Timely and easy governance – Create and modify regulatory reports such as suspicious activity reports (SARs) and currency
transaction reports (CTRs)
•	 Track investigations – Capture notes and comments during the investigation process for reporting
w w w . c a s e w a r e a n a l y t i c s . c o m
See the CaseWare AML Compliance solution in action. Visit www.casewareanalytics.com/amltoronto.
AML Compliance Solution

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AML by the Numbers

  • 1. Here is what the respondents of the PwC Global Economic Crime Survey 2016 did to address increased regulatory expectations: People and AML 48% More Training 44% More Staff 40% More Communication 37% Restructured 33% More Governance Here are the top destinations or originating jurisdictions of electronic funds transfers related to suspected money laundering cases involving fraud offences (except securities/investment fraud), according to the FINTRAC Typologies and Trends Report, April 2012. USA UK IRN one JPN two three four HK five Top Destinations of Electronic Funds Transfers Related to Money Laundering According to FinCEN, as federal fines have increased, so too have the number of reported incidents filed by casinos. Casino Money Laundering 2012 0 50,00019,803 2013 0 2014 0 50,000 50,000 27,503 46,575 JAN FEB MAR APR MAY JUN JUL AUG 1,000 4,000 2,000 3,000 SEP OCT NOV DEC 5,000 3,976 2,964 4,086 4,251 3,744 3,828 4,138 3,8423,707 4,192 4,274 4,300 Suspicious EFT/Wire Transfers Recorded by U.S. MSBs in 2015 2012 2013 2014 2015 30,000 120,000 60,000 90,000 From suspicious source of funds to transactions being out of pattern, here are the number of money laundering Suspicious Activity Reports (SARs) reported to FinCEN by U.S. MSBs: SARs from U.S. Money Services Businesses 150,000 2012 2013 2014 2015 3,000 12,000 6,000 9,000 From suspicious source of funds to transactions being out of pattern, here are the number of money laundering SARs reported to FinCEN by the U.S. Casino/Card Club: SARs from U.S. Casino/Card Club 15,000 w w w . c a s e w a r e a n a l y t i c s . c o m AML by the Numbers
  • 2. CaseWare Analytics is home to IDEA® Data Analysis and the CaseWare Monitor continuous monitoring platform. Our software solutions are built on a foundation of industry best practices and expertise, enabling audit, compliance and finance professionals to assess risk, gather audit evidence, uncover trends, identify issues and provide the intelligence needed to make informed decisions, ensure compliance and improve business processes. We offer solutions that meet the needs of auditors, analysts, purchasing card managers, compliance officers and more. With 40 distribution offices worldwide, CaseWare Analytics’ products and solutions serve more than 400,000 professionals in 90 countries. To learn more visit casewareanalytics.com. The CaseWare AML Compliance solution enables financial institutions to generate new insights into their data so they are better positioned to respond to emerging risks and changing regulations. The solution includes more than 200 pre-seeded analytics, including sets specific to banks, money services businesses (MSBs), insurance companies and more. Meet All of Your AML Compliance Requirements Within a Single Platform Transaction Monitoring The solution monitors all transactions across multiple locations and entities from any data source. Unique capabilities include: • Cross-channel automated monitoring – Automatically detect and prevent unusual behaviour • Data consolidation – Collect data from relevant sources • Early identification – Identify suspicious transactions including structuring, smurfing and flipping Know Your Customer (KYC) Compliance With CaseWare AML Compliance, you can verify your customers before doing business with them. • Validate customer identities – Detect missing or incomplete data • Ensure compliance and apply risk scores – Examine customer data to ensure KYC compliance and apply risk scores based on defined metrics Sanctions List Screening CaseWare’s solution allows you to screen individuals against sanctions lists at various points in your process and triggers an alert when anything unusual is detected. • Pre-screen before acting – Screen potential customers and vendors when opening new accounts • Automatic periodic reviews – Screen your entire customer base on a regular basis to identify possible changes • Real-time interception – Intercept transactions in real-time by screening senders and recipients of wire transfers and drafts • Quick detection of high-risk customers – The soluton is integrated with Thomson Reuters World-Check database, providing added assurance that high-risk customers will be detected Regulatory Reporting CaseWare AML Compliance offers automated reporting and allows mass filings of regulatory reports. • Timely and easy governance – Create and modify regulatory reports such as suspicious activity reports (SARs) and currency transaction reports (CTRs) • Track investigations – Capture notes and comments during the investigation process for reporting w w w . c a s e w a r e a n a l y t i c s . c o m See the CaseWare AML Compliance solution in action. Visit www.casewareanalytics.com/amltoronto. AML Compliance Solution