Smart Infotech
Financial risk is a threat posed by businesses of all sizes, whether SMEs or those falling in the big league. Our AML-TRACE software UAE mitigates this risk and builds competencies for your business by providing a seamless fraud cover, on-premise or in the cloud.
All About AML Transaction Monitoring. Ideally, the most effective approach to transaction monitoring in AML is one wherein an employee manually stops and interrogates every transaction completed by a client.
But this method causes a lot of time wastage while running the risk of human error. Use the automated solution of AML-TRACE and achieve accurate results in only a few minutes! Transaction monitoring refers to the overlooking of customer transactions, including assessing historical/current customer data and interactions, to provide a comprehensive picture of client activity. The Best AML Solution for Real Estate Agents. Money laundering in real estate is rampant as properties can be bought in cash.
As such, true ownership can be easily disguised. Use AML-TRACE to protect yourself from financial fraud risk. Property is a secured investment as with time, its value only appreciates. The makers at Smart Infotech vouch that it is the most effective AML for real estate agents. Minimize Financial Fraud Risk. Real Time Transaction Monitoring & Screening rules. Importance of AML Screening Software For Businesses. Politically Exposed Persons have to be identified & screened in companies as they pose many financial fraud risks.
AML-TRACE performs PEP Screening, which helps you keep all such dangers at bay. PEPs are high-risk clients who have access to more potent opportunities than ordinary citizens to acquire assets via illegal means like money laundering & taking bribes. For the most effective AML compliance to become possible, it is crucial to identify PEPs & determine their risks. How is Risk-Based Assessment Made Possible By AML-TRACE? – Smart Infotech. The software has AML risk scoring models that have been ascertained in advance for various customer categories including corporations, individuals, designation, nationality, and so on.
Every customer type has a different risk parameter. Configure AML-TRACE as per your business needs to assess various risk levels throughout the company’s lifecycle. The process starts with defining relevant risk parameters for every risk model, which can be configured in several ways. Tamperproof AML Compliance Program. Best AML Software To Prevent Company Financial Risk. Best Financial Risk Assessment Software: AML-TRACE – Smart Infotech. Risk is a part of any business.
But certain risks can be traced in advance and thus, the potential damage they may cause can be minimized. This solution by Smart Infotech identifies such threats for businesses in real-time. Having cutting-edge AI, AML-TRACE provides financial fraud cover on-premise and in the cloud to Financial Institutions, Exchange Houses, Insurance Companies, DNFBP’s like Dealers in Precious Metals and Stones, Brokerage firms, Real Estate, Legal firms, Audit firms, and other industries.
In this way, it eliminates or minimizes the risks of financial crimes and counter-terrorism financing activities. Some industries that benefit from AML-TRACE. How to Save a Business From Financial Fraud? If nothing else, the present crisis has revealed that you can never be ‘too prepared’ for the worst.
But what if we tell you that we have a solution that exceeds your expectations when it comes to minimizing your business’ financial risks? 10 Steps To Getting Out of Your Own Way & FINALLY Rank Advancing! - Smart Infotech. Smart Infotech — Why Do Companies Need an AML Software? Smart Infotech — Why do you need AML-TRACE for Customer Screening?