Overview
AML Risk Manager
Ensure Compliance, Reduce Risk and Optimize
Operational Efficiency Through Accurate
Detection of Money Laundering
AML Risk Manager
Financial services Providing effective anti-money laundering
(AML) risk management is complex and costly.
continue to transform at Controls and regulations are constantly evolving
an unprecedented rate. to keep up with new and more sophisticated
financial crime schemes.
Institutions are challenged to
manage money-laundering The stakes are high. Regulators have levied
enforcement actions with billions of dollars
at the increased speed of in fines against financial institutions. In 2020,
transactions and rise in global regulators imposed $10.6 billion in
penalties related to compliance issues, most
digital customer interactions. of which were related to AML.
Criminals are constantly
Regulations continue to tighten. The U.S.
changing their attacks to Anti-Money Laundering Act of 2020, passed in
exploit the transformation 2021, is a significant legislative effort to curb
illegal financial transactions.
in financial services and the
risks it creates.
AML Risk Manager from Fiserv offers
a comprehensive set of integrated
capabilities to effectively manage
money-laundering risk and keep
operational costs in check.
AML Risk Manager
Challenges Impacting Your
? AML Program
Meanwhile, financial institutions face challenges Criminals
from rising operational costs, more complex Increasingly sophisticated and strategic
technologies and new digital channels. So crime schemes
what’s the answer?
Business
Rising operational costs versus increasingly
difficult risk mitigation
Regulators
Tightening requirements for risk management
and beneficial ownership
Technology
Evolving, complex technologies and channels
Powerful Behavioral and
Risk Monitoring
AML Risk Manager is a comprehensive anti‑money
laundering solution that goes beyond traditional
transaction monitoring to ensure regulatory compliance.
You can screen, risk-rate and collect necessary know
your customer (KYC) data for all transactions and
manage risk through ongoing monitoring and due
diligence. Advanced analytics minimize false positives
and prioritize alerts, enhancing operational efficiencies.
With AML Risk Manager, you not only mitigate
compliance risk, but have the flexibility to adapt to
regulatory changes, accelerate onboarding processes
and optimize operational efficiency.
AML Risk Manager
Key Functionality Advanced Analytics
Advanced detection techniques to identify more AML Risk Manager takes a multilayered approach to
suspicious activity and reduce false positives detect financial crime through behavioral profiling,
advanced analytics and risk scorecards as well as
Know your customer (KYC) scoring used for initial, real-time, batch and peer group analysis. The techniques
ongoing and enhanced due diligence can be used individually or in combination and can
be applied to monitor entities and events, such as
Superior beneficial ownership tools and transactions, accounts, customers and employees.
link analysis
The solution evaluates alerts based on
Robust customer-profiling capabilities machine-learning models, informed by historical
outcomes of investigations, to accurately identify alerts
Superior watch-list matching capabilities, including as productive or nonproductive and then prioritize and
high volume processing process them appropriately. In combination with the
AML Risk Manager alert investigation portal, analysts
Automated management and regulatory reporting can quickly and easily see the critical alert information
and dashboards necessary for holistic analysis and quick, accurate
decision making. That enables analysts to focus on
Flexible platform that adapts to regulatory changes remediating high-risk alerts and managing risk
and optimizes operational efficiency more effectively.
Know Your Watch-List Suspicious Alert/Case Regulatory Managerial
Customer Filtering Activity Detection Management Reporting Reporting
Due Diligence Customer/Party Profiling Alert Prioritization U.S. – SAR/CTR/ Dashboards
Questionnaires Screening DOEP
Peer Grouping Alert Dispositions Data Mart
Risk-Based Transaction International –
Due Diligence Screening Rules/Scenarios Case Workflow Regulatory Self-Service
Reporting Module Reporting
Beneficial Real-Time Analytics Network Analysis
Ownership Screening Tax Reporting –
FATCA/CRS
Customer Profile Batch Screening
Tax Status Ad-Hoc Screening
Intelligent Automation
Process Automation Web Data Retrieval Report Automation Expert Implementations Automated Emails
AML Risk Manager
Know Your Customer Watch-List Monitoring
Performing KYC due diligence is a regulatory The watch-list filtering capabilities in AML Risk Manager
requirement that is time-consuming, prone to errors, provide innovative matching analytics, and robust alert
and can have varying levels of complexity based on and case management features designed to reduce
customer type and products and services offered. operational costs, mitigate compliance risks and achieve
long-term regulatory, operational and IT objectives.
The ability to create, complete, store and view custom
due diligence questionnaires directly in the solution Watch-list filtering screens data such as customers,
enables easy tracking and eliminates paper forms. accounts, counterparties, transactions and vendor
That functionality ensures required KYC data is collected information against sanctions and politically exposed
for high-risk customers, including those in high-risk persons (PEP) lists, as well as custom lists and those
industries that require enhanced or specialized due provided by third-party data service providers. It also
diligence. The questionnaires are often used as includes customer risk scoring. Watch-list filtering can
intake forms. be applied to every aspect of your AML program, from
customer and enhanced due diligence processes to
periodic customer reviews and screening for wires
and payments.
Customer Transaction
Risk Scoring Monitoring
Customer Payment
Due Diligence Processing
Watch-List
Filtering
Know Your Periodic Customer
Customer (KYC) Reviews
New Business Enhanced
Onboarding Due Diligence
AML Risk Manager
Importantly, it supports regulatory compliance Beneficial Ownership
with sanctions and PEP obligations, such as those
enforced by organizations like the Office of Foreign Regulations require the capture of ownership and
Assets Control, Office of Superintendent of Financial controlling-person information. AML Risk Manager
Institutions and United Nations. solves that challenge by aggregating transaction data
for regulatory reporting and exposing complex beneficial
The modern matching engine provides faster processing ownership structures through advanced relationship
speeds and performance to enable the scanning of very visualization. See the example below.
large amounts of source data against very large watch
lists, while enhanced matching technology provides You can effectively identify financial ownership and
match variation options for date, address and controlling interest while having the ability to examine
name-related information. relationships in owner-centric and entity-centric
views. Drag-and-drop network analysis enables drilling
into ownership associations that otherwise would not
be apparent.
Sergei Chemezov
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100.00% CEO:100.00%
AVI SMA LLC Meridian LLC Rostec
CUS_7004 CUS_7005 CUS_7003
40.00% 35.00% 25.00%
VSMPO USA Allegheny Tech Inc June Gibson Gibson Trading Gibson Trading Gibson Trading
CUS_7002 CUS_7001 CUS/4008 ACC/6050-3 ACC/6050-2 ACC/6050
CEO Accountholder Accountholder Accountholder
50.00% 50.00%
Gibson Trading
CUS/6050
TPA Plan Sponsor TPA Plan Sponsor TPA Plan Sponsor TPA Plan Sponsor TPA Plan Sponsor TPA Plan Sponsor
Chas Smith HSA Coreen Nader FSA DeeAnn Farkis HSA Corey Franco HSA Deborah Johanson HSA Donny Simpson HSA
HSA/6050-80110030 HSA/6050-80150060 HSA/6050-80120038 HSA/6050-80130045 HSA/6050-80140053 HSA/6050-80160067
AML Risk Manager
Visualization Monitor Where the Risks Are
AML Risk Manager leverages a flexible and intuitive Coming From
data mart for self-service management reporting and Current Statuses per Feb 4, 2021, 12:13:17 PM
data visualization. Users can gain insights on business
data, such as customers, accounts and transactions; Alert Concentration by State
operational data, such as alerts, cases and financial WA
intelligence unit (FIU) reports; and organizational data, OR
MT ND
VT
ME
MN
such as users, teams and branches. ID
WY
SD WI NY
NH
MA
CT RI
MI
PA
NV NE IA NJ
Begin your day with a quick and complete view of your CA
UT
CO
IL IN OH
WV
VA
MD DE
DC
KS MO
AML program for the insights into risk and operations
KY
NC
AZ OK TN
you need. NM
AR
GA
SC
MS AL
TX
LA
Analyst-Level Reporting
FL
Count
Today’s Alerts and Team Progress
1 – 3 3 – 5 5–7
Predictive Model
Jennifer Transaction Geographic Distribution
Eliss
Daniel
Rob
Amy
0 5 10 15 20 25 30 35
Assigned Closed – Not Suspicious
Under Investigation Case
Last 24 hours
1 – 6 6 – 14 14 – 22 22 – 28 28 – 53
Monitor Workflow in System
My Work Today Monitor Real-Time AML Automated
Holds and Releases
Proposed Risk Adjusment Real-Time Payments Monitoring
CTRs for Review
SARs for Approval
Cases for Review
0 2 4 6 8 10 12 14 16
Released
Alerted – On Hold
Alerted – Released
Alerted – Blocked
AML Risk Manager
Reporting Highly regarded by industry analysts, AML Risk
Manager was a finalist for the 2020 FTF New
Your institution can meet its regulatory and tax Technology Innovation Awards for Best Compliance
compliance reporting requirements (CTR, SAR, FATCA, Solution and Best Financial Crime Prevention
CRS, LCTR, EFT, STR and FINTRAC) with predefined Technology. The solution received the 2019 The Asian
reports and electronic file processing. Banker Risk Technology Implementation Awards for
Compliance Risk Technology Implementation of the
An overarching view of risk can be seen through
Year and Finance Technology Innovation of the Year.
customizable dashboards. Executives and compliance
officers can view up-to-date information about current
risks in a format that allows for quick analysis and
decisive action.
Flexible Platform
Key Benefits:
AML Risk Manager resides on the Financial Crime
Risk Management platform, which standardizes and
C
oordinated and centralized method of
consolidates behavioral monitoring to provide an
managing and enforcing data capture
integrated set of sophisticated capabilities that detect,
through KYC due diligence questionnaires
investigate and resolve risks around clients and their
transactions across different products, channels and H
igh-volume matching and fast processing
geographies. The open platform enables organizations capabilities for watch list monitoring
to develop further capabilities tailored to their needs.
B
ehavioral profiling of any entity,
including counterparties
Deployment Options
In-depth beneficial ownership capabilities
AML Risk Manager can be deployed on-premise or in that meet regulations
the cloud through a Fiserv BTS cloud partnership.
R
educed false positives through proven
monitoring techniques
Why Fiserv?
Fully integrated regulatory reporting
More than 1,200 organizations across 70 countries use
anti-money laundering and fraud detection software C
ustomizable dashboard with up-to-date
from Fiserv, including banks, credit unions, brokerages risk information
and insurance organizations. Fiserv provides the tools,
solutions and expertise to support your AML and fraud
programs today and in the future.
1
,200 organizations trust Fiserv to help them
manage their AML compliance
7
0 countries where AML Risk Manager is deployed
to enable effective risk management
5
00+ typologies tracked across seven industries,
including financial products, crypto currencies,
payment services and trade-based activity
Connect With Us
For more information
about AML Risk Manager: Fiserv is driving innovation in Payments,
Processing Services, Risk & Compliance,
Customer & Channel Management and
800-872-7882 Insights & Optimization. Our solutions
help clients deliver financial services at
[email protected] the speed of life to enhance the way
people live and work today.
fiserv.com
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