AML Compass Technology Platforms™
Optima’s AML Compass Platform combines cutting-edge technology and proven processes and protocols to facilitate comprehensive compliance with primary and secondary AML/BSA regulatory requirements. The AML Compass is an automated transaction monitoring, analysis and reporting solutions that creates a dashboard for AML/BSA compliance for banks and non-bank financial institutions. Banks, MSBs, Registered Investment Advisors (RIAs), broker dealers, insurance companies, credit unions use the AML Compass as the backbone for their compliance program.
AML System Components – The Optima Approach
AML Compliance Systems Components Functions:
Operations Management
- Division governance
- Training mgmt.
- Doc Mgmt./Retention
Transaction Monitoring
- Alerts & Rules
- Tracking
- Investigations
- Exceptions mgmt.
- Internal reporting
- Regulatory reporting
CIP / KYC SANCTION LISTS
- Amounts
- Jurisdictions
- Transaction roles
- OFAC / Others
- Internal whitelists
- Internal blacklists
Regulatory Management
- License mgmt.
- Jurisdiction reporting
- Regulatory changes monitoring
- Regulatory Examination prep
- Agent Mgmt.
Document Retention & Case Management
- Document request, receipt and storage management
- GLB compliant information protocols
- Auditable transaction trails
Right Size AML Technology Solutions
Optima’s Reg Compass is a comprehensive suite of regulatory, non-AML compliance for the MSB industry. Through Optima’s Reg Compass you can uniformly and seamlessly create, customize and file non-AML financial, periodic and event report with each state that regulates your MSB activities…
