What does SAS* Anti-Money Laundering do?
SAS Anti-Money Laundering helps you take a risk-based approach to monitoring transactions for illicit activity to comply with anti-money laundering (AML) and counterterrorist financing (CTF) regulations. It uses a combination of behavioral and peer-based analytics techniques that lead to improved detection accuracy.
Why is SAS Anti-Money Launderin...g important?
SAS Anti-Money Laundering allows financial institutions to safeguard their reputations and avoid fines and penalties associated with noncompliance. Its standard analytics routines can monitor for known money laundering risks, and behavioral analytics monitors for abnormal behaviors. With authoring flexibility, firms can quickly adapt to new regulatory expectations and emerging risks.
For whom is SAS Anti-Money Laundering designed?
SAS Anti-Money Laundering is designed for AML and CTF compliance departments within financial institutions – regardless of size.