Information management
The key to success
Access to current and correct information
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The information management for AML includes processes to collect, organize and manage and report information related to Anti-Money Laundering (AML) activities.
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In the context of AML, information management includes various tasks such as collecting customer data, transaction monitoring, conducting due diligence, reporting and keeping records of suspicious activities. This information is essential for financial institutions and other regulated entities to identify and report potential money laundering or terrorist financing activities to the authorities.
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It is important to note that AML information management is a complex and changing field, as criminals constantly adapt their methods to exploit vulnerabilities. Therefore, companies must continuously update and improve their information management to stay one step ahead of new threats and changing regulatory requirements.
Our experiences
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Understand and identify and information landscape for AML:
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KYC data
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Screening data
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Ongoing monitoring data
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Documents needed for customer verification
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Base the information model on the risk model for AML and map how the information objects are connected to provide the conditions for sustainable change management ex: Customer – UBO – Risk model
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Define what should be included in the data model, consider the entire information need, including credit, scheme, KYC/CDD and transaction monitoring information, for the entire customer lifecycle, to simplify the customer journey.
