Anti-Money Laundering and Counter-Terrorism Financing

Extensive experience in the area of Anti-Money Laundering, Counter-Terrorism Financing, the US Foreign Account Tax Compliance Act (FATCA) and ensuing legislation. A winning combination of integrating a leading product supplied by one of the world’s largest IT companies, together with a meticulous adaptation to Israeli regulatory requirements and to work processes used in the Israeli financial system. This product has been  installed in dozens of banks around the world.

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:

  • 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
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