What is detica NetReveal?

Detica NetReveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. Detica NetReveal, incorporating Norkom Technologies, is a business division of BAE Systems Detica.

What is Net reveal?

NetReveal supports fuzzy matching, machine learning, behavioural rules, graph analytics and provides full flexibility to modify detection to suit your businesses’ risk appetite. The data to drive risk analytics can be extracted from source systems, accessed from a big data platform or ingested via streaming connectors.

What is SAS AML?

SAS® Anti-Money Laundering. SAS Anti-Money Laundering represents the adoption of advanced analytic and investigative techniques to help compliance organizations apply a risk-based and cost-effective approach to money laundering and terrorism financing compliance.

What is actimize tool?

Actimize provides Autonomous AML transaction monitoring that combines human intelligence with machine learning technology to protect against the known and unknown hiding within the millions of transactions institutions process each day.

What are the red flags in AML?

Red Flags ın the Nature of the Retainer

Red flag 26: In an illegal operation.
Red flag 27: Suspicious statements of the customer or his professional or non-commercial activities.
Red flag 28: Creation of complex ownership structures when there is no legitimate or economic cause.

What is the use of Actimize?

Actimize open analytics gives your users the control they need to respond quickly to challenges and meet your organization’s unique business needs. Out-of-the-box analytics combine with user-defined analytics, rules, policies, and workflows for comprehensive coverage and flexibility.

How does verafin work?

Collaborative Investigations Verafin combines the power of cross-institutional analysis in the Cloud with information sharing technology, enabling institutions to work together to strengthen investigations into crimes that span multiple institutions.

What are the 4 pillars of AML?

Regulators and compliance professionals refer to the “4 Pillars” of all effective Bank Secrecy Act Anti-Money Laundering compliance programs:

Designation of a Compliance Officer.
Development of internal policies, procedures and controls.
Ongoing, relevant training of employees.
Independent Testing and Review.

What is SAR in AML?

Suspicious Activity Report (SAR) is a tool to track suspicious activities that would not be normally stated in other reports. For example, when money laundering or fraud is suspected, financial institutions and those associated with their business should apply to the Financial Crimes Enforcement Network (FinCEN).

What are the 3 stages of AML?

Money laundering typically includes three stages: placement, layering and integration stage.

What is Actimize system?

Pros: Actimize is the leading software for data management relating to AML and fraud. It covers cases, alerts, screening, customer data, and case management for an integrated experience.

How many banks use Verafin?

Market Leadership. The market leader in cross-institutional financial crime detection software, more than 3000 banks and credit unions across North America use Verafin to comply with regulations and stay a step ahead of financial crime.

How does the Detica NetReveal norm solution work?

The Detica NetReveal NORM solution utilises social network analysis to link apparently unrelated data from across diverse systems to automatically construct suspicious network relationship models for immediate risk assessment and subsequent visual inspection.

What do you need to know about NetReveal platform?

What does Detica do for the investment banks?

BAE Systems Detica, in conjunction with leading investment banks, has developed a sophisticated networked control model to challenge these current weaknesses, enabling banks to take an earlier and more proactive approach to identifying instances of fraud and abuse.