Suspicious Activity Monitoring

Suspicious Activity Monitoring : 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 Suspicious 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 Suspicious, or Suspiciously large or potentially fraudulent. MORE>>>

Money Laundering Forum

"Our existing systems were starting to show their limitations. �we saw an opportunity to also change to a better AML solution. � having a robust and integrated AML solution was an essential factor in our decision-making process,�

"We did our due diligence on STB and liked what we saw,�

"We believed that the �system from STB would suit our business profile well and with its integration to the core processing system, we were confident that we would achieve a substantial improvement over our existing systems."

�We had some reservations that the STB system would not be able to interface to our core systems and interpret our codes�.

�STB were able to demonstrate that they have the experience to deal with data from multiple diverse source systems and this risk was therefore minimal�.

"It was essential that the AML system could be adapted to include our existing rules, but also, that it is flexible enough for our staff to make rule changes and manage the system going forward. A system that did not meet these requirements would very quickly fall by the wayside and would leave the bank more exposed than with our original in-house developed solution�.

�By implementing STB�s technology, we have significantly improved the quality of transaction monitoring that we perform,"

"This will help us to spot unusual transactional behavior in a way that cannot be achieved purely through manual processes".

Unusual activity monitoring
[ back to top ]

STB-Detector is fast becoming an industry byword for tackling money laundering. STB-Detector software 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.

STB's response to the increasing requirements for the automation of compliance and regulatory reporting includes a comprehensive solution for anti-money laundering controls. As a purpose-built solution for institutions seeking an efficient, and scaled solution for all aspects of anti-money laundering compliance, choose from the following key functions:

	Account opening due diligence and documentation control
	Suspicious activity monitoring
	Watch list monitoring
	Legal investigations reporting
	Customer database scanning
	Payment and receipt message interdiction, including OFAC processing

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. MORE>>>

[ back to top ]

Suspicious Activity Monitoring

Anti Money Laundering Solutions from STB Systems. Site Map