Anti-Money Laundering (AML)
The Optimiza AML Connect Reports Extractor is a modular [middleware] system designed to provide banks and financial
institutions with the ability to report to the Anti-Money Laundering unit all suspicious transactions and activities,
based on the international standard schema requirements of the UNODC. Optimiza
has been selected as the preferred implementer to many reputable banks in the MENA region, with
Catin Systems as their regional implementation partner for Africa. Central Banks have
requested a Compulsory goAML Implementation to all banks and financial institutions to enhance STR reporting [Suspicious
Transactions Reporting] and to increase the levels of compliance with regulatory bodies.
Many financial institutions have implemented their own AML solutions only to find what's been implemented does not adequately address
the country-specific or cross-border goAML regulatory requirements set by the UNODC. Many of the issues raised often only surface after
cross-border implementation and becomes very expensive with legal research and process re-engineering to remedy these issues. AML
Connect addressess all of the concerns raised by the BSD, FSB and cross-border regulatory bodies. Contact us
for a solution that saves you both time and money to build, a solution that has been tested and approved by the UNODC which requires
minimal effort to implement, and a solution that has a very attractive price with cross-border implemention.
