STB-Detector is the complete money laundering solution for banks operating in the Philippines. STB-Detector software fully complies with the requirements of the Philippines Republic Act (R.A.) No. 9160 & 9194 otherwise known as The Anti-Money Laundering Act of 2001 and its subsequent revisions.

STB's response to the increasing requirements for the automation of compliance and regulatory reporting includes a comprehensive solution for anti-money laundering controls. STB-Detector is a a purpose-built solution for institutions seeking an efficient, and scaled solution for all aspects of anti-money laundering compliance.

Key Features:

	Account opening due diligence and documentation control
	Generates both the covered transaction reporting (CTR) and the suspicious transaction reporting (STR)
	Suspicious activity monitoring - Covered and suspicious transaction monitoring - performs statistical analysis and profiling
	Supports the investigation of alerts generated by the system.
	Investigations reporting - checks for given names throughout the history of payments stored in the system(s)
	Can generate both the covered transaction reporting (CTR) and the suspicious transaction reporting (STR)
	Watch list monitoring - checks transfer parties (originator, beneficiary and narrative fields) and the existing customer database for any listed undesirable individual or corporation
	Provides complete audit trail throughout the system
	Customer database scanning
	Capable of aggregating information and statistics for reporting purposes

STB-Detector covers more areas of potential exposure, in one solution. In keeping with STB's other compliance and regulatory solutions, ease of interfacing from multiple source systems again makes STB-Detector stand out from the crowd.

STB-Detector optimizes financial integrity reporting, controlling all associated workflow. In one solution, with one project, you can control a whole range of risks. Or you can choose to start with your key areas of exposure - a quick win - and roll out enhancements later.

Complete Anti Money Laundering

Here is why STB-Detector has got all the bases covered:

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, that allows the system to meet the AMLC requirements for covered and suspicious transaction monitoring - performing statistical analysis and profiling. These two queries assess account behaviour against its own history, therefore looking for "rogue" business or unusual activity against the customer profile, and performing 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. STB-Detector automatically generates both the covered transaction reporting (CTR) and the suspicious transaction reporting (STR) - AMLC Form 51. STB-Detector facilitates the electronic submission of your reports to AMLC in accordance with AMLC-IMAS specified procedures.

Watch List Monitoring: Functionality within STB-Detector checks transfer parties (originator, beneficiary and narrative fields) and the existing customer database for any listed undesirable individual or corporations. It is designed to automatically identify payments or transactions with any entry on any list that the firm may wish to monitor. Lists may be OFAC, BSP or any other including internal lists. STB-Detector is capable of aggregating information and statistics for reporting purposes and has the capability to support the investigation of alerts generated by the system.

Investigations - 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. STB-Detector Investigations checks for given names throughout the history of payments stored in the system.

For more information, please contact us or send back our Information & Feedback form. STB - Complete Anti Money Laundering Solutions

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