Anti Money Laundering (AML) Application
CompatibL developed an Anti Money Laundering (AML) application for a European bank. The application provides extensive capabilities for detecting irregular transactions based on a combination of criteria mandated by the regulators and heuristic criteria developed internally.
AML application provides the following features:
- identification of the operations subject to mandatory control;
- assists in regulatory reporting by preparing documents in a specific format;
- payment flow analysis;
- real-time identification of irregular transactions
- external payments systems integration