STB-Detector is the only product designed from the outset with comprehensive coverage of all key compliance automation requirements. Not just sanction list checking, transaction monitoring or verifications, but all of these and more. Automatic outputs to NCIS, internal management reports for monitoring fraud and market abuse, and integrated workflow, all in one flexible rules-based system. STB-Detector is easy to install and use and interfaces to one or many data sources easily, without much IT effort, so implementation is brisk and costs are reasonable. STB-Detector’s comprehensive compliance automation helps satisfy crucial principles such as Proceeds of Crime Act, JMLSG, FSA ML, BIS Customer Due Diligence, FATF, and helps you achieve best practice.
Suspicious Activity Monitor
Suspicious Activity Monitor delivers your core monitoring requirements, seeking out unusual activity, whether related to money laundering, fraud, or market abuse. Details of all unusual account movements and their causes are displayed with account history and customer and account relationships for compliance management decision support. The module is used by financial firms around the world as the operational linchpin in their financial crime prevention strategy and at the same time provides senior management with key business indicators to enhance strategic decision making.
Watch List Monitor
Complying with sanction party checking is made easy with Watch List Monitor, which automates matches with OFAC, UN or any other lists, including internal or 3rd party lists of PEPS, securities, and countries or other sanctions or embargoes. Customer database checking is fully supported. Principals and parties in wires or securities transactions are checked. Furthermore, unusual transfer source or destination is automatically detected.
STB-Detector Due Diligence: ultimate relationship verification and documentation control, at and beyond account opening, automatically satisfying enhanced duediligence requirements. User-defined standards allow STB-Detector to automatically identify sub-standard or expired verification, by line of business and customer type. Automated control of all relationships and joint accounts, beneficiaries and refused applicants are also scrutinised: you benefit from a single Know Your Customer view of the whole relationship. High risk customers, countries or relationships are identified automatically by user-definable risk scores.
Risk Tracking and Clearance Centre
Built-in workflow maximises proactive risk control, with rich management information. Risk Tracking and Clearance Centre manages all exceptions; diarised actions to clear risks are workflowed with investigation requests routed to suit operational requirements. Status, age, type, origin and owner may be searched, sorted and prioritised. Internal and external reporting of alerts, comments and annotations are fully audited. Automated integration with in-house tools enables compliance control checklists, routing to information sources including internet and intranet and gives users direct and context-relevant guidance and help.
Investigations and Management Reporting
STB-Detector provides extensive management reporting. Report on thresholds, tolerances, exceptions, high-risk customers and all other trigger settings. See account activity statistics, movements by peer group, customer documentation expiry and grade, anomaly type by customer, branch, date, and priority. Specific Investigations module queries search payments history for Production Orders, searching originator, beneficiary and any narrative fields on payments and transfers history on demand.
It’s time to do something
Visit http://www.stbsystems.com for further information or call STB’s local partner, Cygnet Pericon, to arrange to talk this over or to ask for your own personal presentation.