Account Opening Due Diligence: Uniquely, STB-Detector is the only anti money laundering software solution with true Know Your Customer (KYC) support. The system automatically highlights where information demanded by compliance for account opening and for enhanced due diligence (EDD) is insufficient. You can record exactly what verification has been captured (such as sight of original photo ID, corporate trust paperwork), and to record when these verifications expire (or when you want to review them). This re-documentation process gives you tangible information on your client data, in addition to a manageable workflow environment from which to support your Customer Identification Programme (CIP). You are able to either feed external documentation databases to STB-Detector, or to hold documentation, including scanned images, within the STB solution itself.

Suspicious Activity Queries: STB-Detector performs two broad classes of query, Account behaviour and Account comparator. These assess account behaviour against its own history, therefore looking for "rogue" business or unusual activity against the customer profile, and perform comparisons against multiple peer groups. These types of queries also provide valuable information on the profile of client business, generating valuable Know Your Business (KYB) and Know Your Employee (KYE) information. Anomalies highlighted also include transactions which break limits, possible deliberate avoidance of limits and those which are unusual, or unusually large or potentially fraudulent.

OFAC or Other List Monitoring: Functionality within ClearGuard is designed to automatically block payments or transactions with any entry on any list that the firm may wish to monitor. The module integrates fully with any existing Swift-Alliance architecture, although it can integrate with any payment system, to provide a real-time solution to suspicious payment stopping.

Risk Tracking & Clearance Centre: The workflow module in STB-Detector formalizes the investigation and tracking of all newly identified anomalies. This allows you to view decisions and see the workflow associated with the anomaly. This key area provides audit data and a secure environment from which the compliance or money laundering officer, or indeed any nominated member of staff, can update key fields and analyse data in an ad-hoc or fully automated way.

Database scanning: STB-Detector functionality may also be utilized off line whereby the existing customer database may be checked. STB-Detector can be relied on to seek out potential matches in your standing data (as opposed to in transfer data).

Link Analysis Module (LAM): The LAM module in STB-Detector visually represents complex patterns between data presented to STB-Detector. Results of the analysis are displayed as a graph of linked objects supporting various object manipulation and drill-down operations. The visual output of LAM facilitates better understanding of the hidden structure of investigated data, and helps to quickly identify unusual patterns for further investigation.

LAM's powerful link analysis can be used to build a picture of the people, organizations and events involved in fraud and money laundering. As the relationships between companies, individuals, accounts and transactions are uncovered, the displayed charts grow in complexity. Compliance officers can then quickly focus on key relationships, producing simplified charts that cut to the heart of the case.

LAM helps identify relationships among individual accounts, people, and organizations. Used effectively link analysis provides reliable indications of fraud and money laundering activity.

Visual representation of patterns or correlations between accounts, transactions or customers can become one of the main exploratory techniques used by MLROs.

LAM enables firms to significantly shorten investigation times, reducing staff costs, and helps to efficiently manage risks by isolating genuinely unusual behaviour.

LAM includes link analysis across both transactional and reference data.

Payment and receipt message interdiction, including OFAC processing