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Financial institutions face increasing scrutiny and regulatory requirements to combat money laundering and maintain effective Anti-Money Laundering (AML) practices. The ability to efficiently prepare for AML audits is essential to demonstrate compliance, mitigate risks, and protect the institution's reputation. cleversoft's comprehensive case management system can play a key role in this process.


Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

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Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

Financial institutions face increasing scrutiny and regulatory requirements to combat money laundering and maintain effective Anti-Money Laundering (AML) practices. The ability to efficiently prepare for AML audits is essential to demonstrate compliance, mitigate risks, and protect the institution’s reputation.  cleversoft’s comprehensive case management system can play a key role in this process. 

Comprehensive Audit Trail

A crucial aspect of a good case management system for AML is the ability to maintain a comprehensive audit trail. cleversoft’s ForensicCloud platform offers automated and standardized workflows to handle all alerts and cases. Every action taken within the system is logged; including case updates, approvals, and any changes made to the data. By providing a complete process audit trail, cleversoft’s solution enables transparency and accountability during an audit, demonstrating the institution’s commitment to compliance and providing evidence of adherence to established procedures. 

Integrated Workflows and Checks 

Our case management solution incorporates integrated workflows that streamline the AML investigation process. These workflows can be configured to include various checks, such as “four-eye” verification, sample checks, and proper authorization, in alignment with the institution’s policies and regulatory requirements. By automating these checks within the system, our solution reduces the risk of human error and improves the efficiency of the investigation process. For example, the system can enforce the appropriate level of review and approval for each case, ensuring critical decisions receive necessary oversight. This integration of workflows and built-in checks enhances the institution’s ability to meet compliance standards efficiently. 

Data Completeness 

Data completeness is vital for effective AML investigations. Our ForensicCloud platform emphasizes data completeness by providing mechanisms to ensure accurate and consistent population of all required data fields. The system captures essential customer identification information, transaction details, and risk assessment parameters. By maintaining complete and reliable data, financial institutions can expedite the audit process by providing auditors with the necessary information in a timely manner. Additionally, data completeness enhances the quality of analysis and enables better risk assessments and pattern detection within the system.  

Transparent Monitoring Activities Aligned with SIRA 

Transparent monitoring activities are crucial for financial institutions to demonstrate compliance and effectively manage AML risks. Our case management system enables institutions to align their monitoring efforts with their Systemic Internal Risk Assessment (SIRA). By tailoring their monitoring systems to specific risk factors, such as transaction amounts, customer profiles, and geographical locations, institutions can focus their resources on detecting and preventing suspicious activities that pose the highest risks. cleversoft’s solution offers real-time data analytics and on-target monitoring of risks and transactions, providing financial institutions with deeper insights and actionable intelligence. This targeted approach allows institutions to effectively identify and prevent illicit activities, safeguard their operations, and protect their reputation. 

Efficient and Effective Monitoring 

Integrating cleversoft’s comprehensive AML system with an institution’s SIRA enables a more efficient and effective monitoring process. Instead of blanket monitoring of all transactions, the system can prioritize and flag activities that deviate from expected behavior. By leveraging technology and advanced analytics, cleversoft’s solution analyses vast amounts of data, identifying potential red flags and reducing false positives. This targeted approach allows compliance teams to allocate their attention to the most relevant alerts, improving efficiency and reducing the burden on the teams. The integration capabilities empower financial institutions to effectively monitor and mitigate AML risks.

AML Audit Preparation with cleversoft

cleversoft’s case management solution for financial institutions streamlines AML audit preparation . It provides comprehensive tools and features to ensure compliance, reduce risk, and foster a strong AML culture. The solution offers transparency, automates processes, enhances data accuracy, tailors monitoring efforts, and enables proactive risk mitigation. By leveraging advanced technology, institutions can stay ahead of emerging AML risks. Partnering with cleversoft allows institutions to navigate AML regulations confidently and focus on providing secure financial services. Take a closer look at our case management solution here.