3i Infotech Limited has showcased its advanced Financial Crime Detection and Management Solution AMLOCK at the recently concluded ACAMS 7th Annual AML Risk Management Conference in New York. AMLOCKTM enables banks and financial institutions to proactively detect and manage potential money laundering activities. AMLOCK is an established global anti-money laundering (AML) Solution with over 100 installations across 35 countries.
AMLOCKTM is a purpose-built, end-to-end solution designed to stem the flow of illicit funds and meet the compliance requirements of increasing regulatory oversight. It offers comprehensive tools to efficiently manage customer due diligence, enhance compliance processes and seamlessly identify, assess customer risk.
The key features of the AMLOCK include Know Your Customer (KYC) / Sanctions Screening, Customer Risk Rating, Transaction Monitoring, False Positive Manager, Case Management and Reporting & Analytics. It supports both on-premise and cloud-based deployment models. The offerings of the AMLOCK Suite include AMLOCK FCDMS, Financial Crime Detection and Management Solution, which provides end-to-end financial crime management for large enterprises; AMLOCK Lite, which caters to AML requirement of small and medium institutions; and AMLOCK Analytics that brings the latest dimension of Analytics & AI to uncover hidden AML patterns / risks.