(AML) Anti Money Laundering

1. AML Testing And Assurance
Services

2. Introduction
• Anti-Money Laundering (AML) ranks as one of the
top priorities of banks worldwide.
• Regulatory agencies across the globe have been
increasingly monitoring financial institutions to
implement and continuously enhance their
systems and processes to be AML compliant.
• However, in spite of implementing robust
regulatory and compliance systems, financial
institutions constantly face challenges

3. Challenges that financial institutions
constantly face
• Pace and impact of regulatory changes affecting current operations.
• Maintaining global consistency in terms of AML rules and scenarios.
• Increased false positives due to advent of new financial message
formats resulting in messages lacking required information.
• Lack of expertise in data analysis and rules/scenarios leads building
to spot suspicious activities.
• Poor data integrity and data quality issues during the integration of
transaction monitoring systems across the institution.
• Improperly identified requirements on system security, system
capacity, country specific laws, data privacy laws, availability of
scenarios based on various bank products etc.

7. Key Benefits
• Our risk-based testing approach will enable you to improve
effectiveness of the rules and scenarios and cover all critical
scenarios as per regulatory requirements.
• We help you improve the efficiency of your compliance
personnel by implementing appropriate risk-based
scenarios.
• Our data analytics capabilities will help you determine or
tune threshold values.
• We enable you to assess the gaps in current transaction
monitoring program and integrate you into the current and
potential future technology environment.

8. Key Differentiators
• Certified ACAMS experts.
• Experience in working with AML requirements of Tier 1 Global
Banks.
• Expertise in handling AML testing across geographies and countries.
• Experience in managing a diverse range of AML products including
Actimize, Mantas, Norkom, Fircosoft, Accuity, AMLOC, SAS AML etc.
• Up-to-date knowledge on regulatory requirements across globe.
• System Architecture assistance in look and feel of the system.
• Expertise in managing AML requirements across non-English
speaking countries as well.

9. Maveric Systems offers AML services that help in risk-based testing approach that
will enable you to improve effectiveness of the rules and scenarios and cover all
critical scenarios as per regulatory requirements. Visit us at https://maveric-
systems.com

10. Thank You!