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 How Can Anti Money Laundering Solution Can Help Your Organization



 Anti Money Laundering (AML) 


 How Can Anti Money Laundering Solution Can Help Your Organization


Anti Money Laundering (AML) is the process by which criminal makes every possible move to make illegally gained money to appear legal They also disguise the original proprietorship and control of the returns of criminal lead by making such returns seem to have gotten from a real source.


AntiMoney laundering (AML) solution helps firms to adopt a strategy that follows laws, regulations and the procedures designed to stop the practice of generating illegal income. Anti money laundering solution enables banking and financial institution's to recognize and investigate illegal money laundering and terrorist financing activity. This solution uses advanced and new methodology to investigate and conduct the most complex illegal action.


It includes three steps:

  • Positioning

  • Adding

  • Incorporation


First the illegal income are furtively presented into legal financial system, Then the illicit money is shifted around to create misunderstandings, sometimes by transferring or switching through several accounts. The Final move is to integrate all illegally-gained funds into the financial system through additional dealings until the "illegal funds" seems to be "legal"derived from a legitimate source.


The illegal funds which is generated through money laundering can accomplish criminal offenses such as drug trafficking and terrorism, and can negatively affecr the international economic system.

Over the last five years, a variety of essential researches have been performed that have explored problems about the neglect of business vehicles for unlawful reasons such as money laundering and terrorism funding. Despite the significant technique of work in this area, there continues to be a need for further analysis of the function, control and guidance.


Recent news (http://www.tennessean.com/story/news/2014/12/08/two-brothers-arrested-money-laundering-charges-nashville-airport/20084063/) about two brothers arrested for money laundering charges at Nashville airport. When the authorities at the airport alleged something was wrong the duo was ready to leave with cash in the baggage . In the affidavit, cops mentioned that both of them each had over $10,000 on their person and found additional cash in their baggage. Both have been billed with money laundering and are being sorted on a $100,000 bond.


Apart from such issues laundered funds are used in international drug trafficking, many global banking firms are in such notorious international drug cartels to launder billions of dollars across borders by illegally conducting transactions.


Anti money laundering solution helps firm to adopt an unique strategy and it goes beyond sensitive conformity with AML rules, toward a practical and effective AML system to accomplish organization outcomes.


Anti-money laundering solution used by financial institutions to analyze client data and detect suspicious transactions.


Some benefits of AML

  • It help firm in tracking AML with powerful statistics and creation capabilities.

  • Handle and manage threat in real time

  • Decrease amount of work and increase work performance

  • Instantly identify suspicious activity


If you are looking for anti money laundering consulting or software services for your bank, feel free to contact us or visit www.aithent.com