Since 2005, Compubahn has wisely leveraged its strong expertise in security, vulnerability analysis and fraud detection in the public sector and applied it in the financial sector. Compubahn’s offerings in the financial sector are:
Almost every country in the world has issued legislation and/or regulatory requirements that mandate organizations in the financial services market deploy appropriate procedures and processes that detect and deter financial crimes, such as money laundering and terrorist financing. Financial services organizations risk heavy monetary fines and other punitive actions for non-compliance with these financial transaction safeguard requirements.
Compubahn has an exclusive relationship with Cellent Financial Services, Ltd., a premier German software vender of AML and Fraud detection solutions. Cellent (www.cellent-fs.de) is a wholly-owned subsidiary of Landes Bank, the fifth largest state bank in Germany. Cellent’s suite of products, S/Monitor, S/Research and S/Risk offer a complete range of solutions for AML compliance, combating terrorist financing, and financial crime risk assessment. The salient features of AML compliance solution are:
Predefined rules for Money Laundering scenarios
Adaptable to organizations risk scenarios
Enhanced Know Your Customer (KYC) rules
Ongoing monitoring of high-risk customers, including Politically Exposed Person (PEP)
Cross checking with various databases such as Office of Foreign Assets Control (OFAC) filters list,
Innovative algorithms to minimize manual tasks
Real-time alerts for interventions
Filtering for financial transactions and customers
Suspicious activities detection
Detailed reports with various levels of granularity
Predefined rules for Money Laundering scenarios
Cross checking with various databases such as Office of Foreign Assets Control (OFAC) filters list,