The risk of non-­compliance AND PENALTIES ARE greater than ever beforE.

 

The global economic climate is ever changing and thus regulatory demands for managing KYC/AML and fraud have also emerged including FATCA, FINRA, FCPA, AML/BSA amendments, global PEP lists, MiFID and others. Compliance budgets have increased dramatically over the last few years to cater for the continued refinement and changes of regulations making such compliance more stringent. However, most banks still feel their compliance departments are under-staffed and over-burdened. (AML - Anti-Money Laundering; KYC - Know Your Customer; FATCA - Foreign Account Tax Compliance; FCPA - Foreign Corrupt Practices Act; FINRA - Financial Industry Regulatory Authority; BSA- Bank Secrecy Act; MiFID - Markets in Financial Instruments Directive; PEP - Politically Exposed Person.)

 

PALAMIR's Big Data techniques can assist Financial Intuitions to minimise the impact and maximise their current technology investments. Let us assist you in:

 

  • Know Your Customer / Customer Due Diligence
    • Customer risk profiling
    • Risk modelling development
    • Automated risk modelling frameworks
    • Customer on-boarding process development
    • Automated workflow response

 

  • Fraud & Anti Money Laundering
    • Deposit Fraud
    • Online Fraud
    • Credit Card Fraud
    • Cheque Fraud
    • Anomaly Detection
    • Automated fraud & AML modelling framework