AML Software | Anti-money Laundering Solution | Information Security Management Solutions

Corporater Anti-money Laundering (AML) Software

Scrutiny around compliance is rapidly increasing as regulators look to ensure that companies are putting policies and procedures in place to effectively identify, monitor, and mitigate risk. To combat the risk of financial crime, banks and other financial institutions are required to implement an Anti-money Laundering (AML) compliance program. Given the complexity of AML laws, designing, and maintaining an effective AML compliance program has proven to be a challenge for many organizations.

Corporater Anti-money Laundering (AML) solution is an enterprise-grade digital tool that enables organizations to govern, manage, and assure a solid AML compliance program, and demonstrate compliance with AML regulations. Corporater enables AML compliance officers to implement a risk-based approach to AML compliance to effectively minimize risk of financial crimes and maximize compliance.

Corporater AML software enables firms to:

Establish a strong AML compliance program
Holistically govern, manage, and assure AML crime prevention activities
Configure custom AML dashboards to display relevant data metrics, KPIs, KRIs, and KCIs at each organizational level
Create and communicate AML policies and procedures
Identify, assess, address, and report AML risks across the organization
Manage cross-border and multi-jurisdictional AML-compliance requirements on local and global level
Generate reports to demonstrate AML compliance to key stakeholders and the regulatory body
Integrate with specialized RegTechs for due-diligence, KYC, and transaction monitoring tools

Solution Features

Access control / permissions
Alerts and notifications
AML dashboards
Audit log
Automated reporting
Automated workflows
Compliance dashboards

Customizable branding
Data integration (automated and manual data input)
Document management
Intuitive user interface
Policy management
RegTech docking and monitoring

Risk assessments
Risk dashboards
Risk monitoring
Risk treatment
SSO
Third-party data integration
Version control

Solution Benefits

Have a complete overview of your AML program

Create custom dashboards to display relevant metrics, KPIs, KRIs, and KCIs at each organizational level and across the three lines of defense. Seamlessly integrate Know Your Customer (KYC), Suspicious Activity Investigation (SAI), and Customer Identification Program (CIP). Assign tasks and responsibilities to institute a culture of compliance – ensure your staff is aware and empowered to do the right thing.

Reduce risk of fines and non-compliance

Reduce risk exposure for both compliance related penalties and financial crime incidents by combining a risk-based approach (RBA) for the AML program with an outcome-based approach (OBA) for compliance objectives. Reduce the risk of fines by implementing a digital, holistic AML program that enables you to demonstrate compliance with prescribed laws, rules, and regulations to auditors and regulators.

Automate your processes to save time and improve accuracy

Alleviate administrative burden, reduce room for error, save cost by automating your processes and workflows. Set up automated reminders, alerts, and notifications, and automate your reporting.

Demonstrate compliance and accountability

Demonstrate compliance and accountability to key stakeholders, auditors, and the regulatory body with comprehensive AML compliance reports. Select the data and information to include and export your reports as Word, Excel, PPT, or PDF.

Manage your AML program across the Three Lines of Defense

Corporater AML solution enables you to holistically govern, manage, and assure your AML program across the three lines of defense. Monitor various aspects of AML with customizable dashboards, manage compliance risk, and keep everyone in your organization informed about your policies and procedures. Corporater facilitates efficient collaboration between the three lines of defense allowing everyone to work in the same system.

1st Line of Defense: Management - Functions that own and manage risk

The role of the 1st line of defense is to operationalize the compliance program based on the policies put in place by the 2nd line of defense. This is done according to the methodologies and best-practice framework selected.

2nd Line of Defense: Governance - Functions that oversee or specialize in risk management and compliance

Governance of a compliance program (also called management commitment) usually starts with Policy Management to establish policy objectives such as which laws and regulations to adhere to, what organizational best-practice frameworks to adopt, which roles we need, who will be responsible, what is our risk tolerance, and high-level processes.

3rd Line of Defense: Assurance - Functions that provide independent assurance, above all internal audit

Mandated by law or by a compliance standard, an internal assurance function for the compliance program might be required. Corporater supports this function with internal audit dashboards and audit functionalities.

SaaS, on premise, or private cloud deployment
Industry-leading security for your data
Flexible configuration and customization
Rapid implementation
Ongoing support and innovation

Key Capabilities

Corporater Anti-money Laundering (AML) solution comes pre-configured with best practice frameworks, templates, and functionalities needed for an effective risk and AML management.

Custom Dashboards

Go beyond traditional dashboards. Configure custom business dashboards to display relevant information, KPIs, and other metrics. No coding needed.

Risk Planning

Keep your organization prepared for the unexpected with Corporater risk planning and early risk identification.

Risk Identification

Continuously identify risks in various ways — from forms, data integrations, or user input — and record them in a centralized risk register (risk inventory).

Risk Assessments

Analyze, evaluate, and respond to your risks. Corporater supports quantitative, qualitative, and semi-quantitative risk assessments.

Risk Monitoring

Monitor identified, residual and secondary risks, take a corrective action, and measure effectiveness of your response.

Powerful Reports

Generate comprehensive reports in a variety of popular formats, including Word, Excel, PPT, and PDF. Include visual elements such as graphs and risk heat maps.

Risk Register

Build and maintain a centralized risk register (risk inventory) to have a complete and current overview of risks across your organization.

Incident Management

Establish and automate incident management process to minimize adverse impact on your organization. Monitor, report, and resolve incidents.

Alerts & Notifications

Create custom alerts to notify key stakeholders when a KPI moves above or below a specified threshold, when a goal is reached, or when a new issue arises.

View all key capabilities >

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