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Anti money laundering solution nelito

Nelito Systems Limited

Anti Money Laundering

solution

© Nelito Systems Ltd. 2013

1


Anti money laundering solution nelito

Table of contents

Business drivers

Money Laundering Overview

Risks associated with laundering

FinAML overview

Solution architecture

Technology and software stack

Customization

Nelito value proposition

4

5

8

9

12

14

15

17

© Nelito Systems Ltd. 2013

2


Anti money laundering solution nelito

Our Commitment

“Solutions that Perform”

We solve business problems of our clients through solutions

based on customer involvement, deep domain knowledge,

innovative technologies and personalized service support

We deliver what we commit

3

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Corporate Snapshot

Head Quartered at Mumbai

45+ Service Locations

800+ Professionals

100+ Banking Clients

BFSI Focused Solutions with own IPR

Products and product based services in the area of Transaction and Payment

Systems, Analytics and DW, Mobility & e-Governance

Leadership position in Automated Data Flow (ADF) MIS vis-à-vis compliance to

Central Bank of thecountry

Providing Manpower with varied Professional IT Skill sets to Banking and Non

Banking organizations in India & International locations.

Partners

4

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Offerings Portfolio :- Products

Analytics

Transaction &

Payment

Systems

Payment systems

Mobility

Mobility

&

DW

Transaction &

Payment Systems

• Mobile Banking

• CTS

• Transaction:

• Data Quality

• Internet Banking

• NACH

• FinCraft CBS

• Cleansing

• Door Step Banking

• SWIFT

• PACS

• Classification

• E-KYC and

• IMPS

• SACOS

• Enhancement

Customer On-

• DBT

• AML

Boarding

• ABPS

• Reconciliation

• LMS

5

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Offerings Portfolio : Services

Data

Payment

management

services

Transaction

IT Services

Mobility

management

services

management

services

Transaction &

Payment Systems

• BPO Services

• IT Infrastructure

Management

Services

• Professional

Consulting

Services

• 3rdParty CBS

Implementation

and Roll out

Services

• Customer On-

Boarding services

• Card management

services

• Reconciliation

services

• Customer

identification

services

• Financial inclusion

• NPA monitoring

and management

• SAP BO

• IBM Cognos

• Data quality

services

• Data enrichment

services

• MIS

• CTS

• MMS

• SWIFT services

6

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Customers

FinCraft CBS Banks

Other Banks

7

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Customers

Other Solutions and Services

International

e-Governance

Hutch Telecom

Sri Lanka

8

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Business drivers

Automatic verification of cases against scenarios provided by IBA/RBI

Identification of customers

Need for verification of customers against published lists

The monitoring of transactions and reporting of suspicious activity

To comply with the stringent procedures laid out by the RBI and other

regulatory bodies

9

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Our Commitment

“Solutions that Perform”

We solve business problems of our clients through solutions

based on customer involvement, deep domain knowledge,

innovative technologies and personalized service support

We deliver what we commit

10

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Corporate Snapshot

Head Quartered at Mumbai

45+ Service Locations

800+ Professionals

100+ Banking Clients

BFSI Focused Solutions with own IPR

Products and product based services in the area of Transaction and Payment

Systems, Analytics and DW, Mobility & e-Governance

Leadership position in Automated Data Flow (ADF) MIS vis-à-vis compliance to

Central Bank of thecountry

Providing Manpower with varied Professional IT Skill sets to Banking and Non

Banking organizations in India & International locations.

Partners

11

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Offerings Portfolio :- Products

Analytics

Transaction &

Payment

Systems

Payment systems

Mobility

Mobility

&

DW

Transaction &

Payment Systems

• Mobile Banking

• CTS

• Transaction:

• Data Quality

• Internet Banking

• NACH

• FinCraft CBS

• Cleansing

• Door Step Banking

• SWIFT

• PACS

• Classification

• E-KYC and

• IMPS

• SACOS

• Enhancement

Customer On-

• DBT

• AML

Boarding

• ABPS

• Reconciliation

• LMS

12

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Offerings Portfolio : Services

Data

Payment

management

services

Transaction

IT Services

Mobility

management

services

management

services

Transaction &

Payment Systems

• BPO Services

• IT Infrastructure

Management

Services

• Professional

Consulting

Services

• 3rdParty CBS

Implementation

and Roll out

Services

• Customer On-

Boarding services

• Card management

services

• Reconciliation

services

• Customer

identification

services

• Financial inclusion

• NPA monitoring

and management

• SAP BO

• IBM Cognos

• Data quality

services

• Data enrichment

services

• MIS

• CTS

• MMS

• SWIFT services

13

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Customers

FinCraft CBS Banks

Other Banks

14

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Customers

Other Solutions and Services

International

e-Governance

Hutch Telecom

Sri Lanka

15

© Nelito Systems Ltd. 2015


Anti money laundering solution nelito

Money laundering overview

Money Laundering is the process by which illegally gained money is

converted to clean assets thus making it hard to trace a path back to the

origin of the proceeds. It involves:

Placement – Deposit of illegal proceeds in financial institution.

Layering – Use of complex transactions to disguise the audit trail and

provide anonymity

Integration – Money is now integrated into the legitimate financial

system and is assimilated with all other assets in the system.

16

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Money Laundering Overview

Ease of detection high

Difficult to detect

Investment in

business

Offshore

account A

Japan account

INTEGRATION

PLACEMENT

Illegal

Money

Legal

Money

Indian

account

LAYERING

Offshore

account B

London Account

Bank

Offshore

account

Offshore

account C

Investment in

business

Expensive

purchases

Money Laundering Techniques Employed

Payable through accounts

Loan back arrangements

Connected Accounts

Forex Money Changers

Credit / Debit cards

Companies Trading and Business Activity

Correspondent Banking

Lawyers, Accountants and other

Intermediaries

Misuse of Non Profit Organization

Legal sources of Terrorist funding

Collection of Membership dues

Sale of Publications

Cultural and Social Events

Door to door solicitation within community

Appeal to wealthy members of the

community

Donation of a portion of Personal Savings

Illegal sources of Terrorist funding

Kidnap and Extortion

Smuggling

Fraud including Credit Card fraud

Misuse of non-profit organization and

Charities fraud

Thefts and Robbery

Drug Trafficking

17

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

AML - Regulations

18

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

FinAML

FinAML is an enterprise scale real time monitoring and surveillance

solution for financial services organizations

Uses rule based surveillance engine that monitors current

transactional data, non transactional data and historical data for

suspicious trading patterns.

Extensive library of analytical foundations and detection models helps

organizations to be compliant with AML regulations

19

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

FinAML overview

The following broad scenarios are integrated into FinAML but it can

be customized for other purposes as well:

Trading

Banking

KYC

• Insider trading

• Front running

• Tail gating

• Wash trades

• Price ramping

• Painting the tape

• Layering

• Trading volume spike

• Trading price spike

• Passive and large orders

monitoring

• Excessive cancel and corrects

• Frequent changes to instructions

• Excessive ATM Activity

• Burst in beneficial activity

• Circulation of funds

• Excessive cash/cash-equivalent

transactions

• Frequent loan activity

• Monitoring transactions of

Politically active persons (PEP),

Non-Cooperative Countries or

Territories (NCCT), FATF blacklist

countries

• Early repayment of loans

• Frequent client data changes

• Frequent ownership structure

changes

• Suspicious events after change in

client data

• Screening of accounts with

incomplete KYC data

• Hidden client links

• Logical client links

20

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Solution functionality

Capability to generate alerts on all 61 scenarios prescribed by IBA/RBI

Highly customizable and allows generation of future scenarios

Ability to provide PAN verification of customers

Allows for the automatic filing and sorting of STR alerts based on different

parameters

Supports all popular formats of reporting

Repository for generated STR alerts

Provides audit trails for the activities of all users

Provides risk categorization of all the customers

Exercises extra due diligence for high risk customers

Provides different reports regarding deficiencies in KYC and other features

21

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Solution architecture

22

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Salient features

23

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Technology and software stack

24

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Customization project scope

25

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Customization process

26

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Nelito value proposition

27

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

Customer value proposition

• Eliminate on manual processes, minimizing risk of error

• Reducing costs

• Freeing staff from routine number-crunching, redeploying into higher-value activities

Operational

Excellence

• Greater Financial Control

• Standardization of methodologies around the enterprise

• Able to set risk thresholds, data access and other controls centrally

• Better compliance with regulatory requirements

Risk Mitigation

• Timely real time Monitoring

• Faster Processing– a million transactions reconciled in 2.39 minutes (as tested by HP)

• Intelligent Surveillance Engine to detect and report focused violations.

Performance

• Enterprise Solution, seamless integration with virtually any Upstream & Downstream

Systems

• Highly flexible and Customizable via Configuration

• Customer Specific Customization via Configuration for any data structure, business rules

and reporting

Fast

Implementatio

n

28

© Nelito Systems Ltd. 2013


Anti money laundering solution nelito

THANK YOU

Get in touch

205-208 Bldg 2, Sector 1

Millennium Business Park

Navi Mumbai 400 710

Tele: (+91-22) 6713 5555, 6713

5600

Fax: (+91-22) 6713 5503

© Nelito Systems Ltd. 2013


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