Anti-Money Laundering and Counter-Terrorism Financing

Core capabilities:

• The Anti-Money Laundering and Counter-Terrorism Financing system by the Indian company Tata Consultation Services (TCS) enables a quick and comprehensive management – using a single system and a single screen for all the requirements which are relevant to this field: locating exceptional activities, checking vis-à-vis the suspect lists, auditing customers and countries who are defined as posing a risk, carrying out objective and subjective reporting, KYC processes as well as compliance with all the requirements posed by FACTA. The system’s self-learning engine minimizes false alerts and enhances real alerts. The system offers advanced process-management and employee-management capabilities, thereby facilitating a reduction of overheads. Also, modifications and the adding of rules is done by the users without having to resort to program developers.
• A wide variety of services, provided via an advanced, designated system (RAS) which is based on a powerful rules engine for handling data cleansing and data quality, system migration, anti-money laundering, acceptance testing, and more.

The services being offered include, inter alia, the following:

• FATCA
• Anti-Money Laundering
• Arrays of data quality control
• System and data repository migration
• Acceptance testing – planning and management
• DWH – Data Warehouse cleansing and assessment
• RAS system

Relative advantages:

• A variety of solutions tailored to client’s requirements: a world leading product with adaptations made to fit Israeli regulatory requirements, alongside an advanced and unique system which is adapted to the Israeli market
• In-depth familiarity with Israeli regulatory requirements in the area of anti-money laundering, counter-terrorism financing and US FATCA legislation
• The ability to interface vis-a-vis any core system or external interface
• In-depth business understanding alongside advanced technological capabilities
• Extensive practical experience, using tools which are widely used in the market
• Proven methodologies and an extensive experience in large-scale projects