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Description
Anti-Money Laundering measures are enforced through a software procedure designed to adhere to the anti-money laundering laws established in Italy by law no. 197 on July 5, 1991, which has since been revised and expanded by various decrees and regulations, culminating in the latest Banca d'Italia Provision dated April 3, 2013, as noted in ordinary supplement no. 35 of Official Gazette no. 105 on April 7, 2013, while also implementing the guidelines set forth in Directive 2015/849/CE (the Fourth European Anti-Money Laundering Directive). This regulation affects numerous entities, particularly banks and financial intermediaries, mandating the creation of a Single Electronic Archive to document ongoing client relationships, transactions that meet or exceed a specified threshold, and transactions below that threshold that cumulatively reach the registration limit within a defined timeframe. Adhering to these regulations is essential for maintaining the integrity and transparency of the financial system, ensuring that all suspicious activities are monitored and reported appropriately.
Description
A cohesive transaction overview: Breaks down barriers and enhances teamwork throughout the organization.
AI-driven risk assessments: Delivers strong indicators for making well-informed choices regarding each transaction.
Adherence to regulations: Aids financial institutions in proactively addressing trade-based money laundering and terrorist financing (TBML/TF) laws.
Highlighted Features:
Modules: PRICE iQ (price due diligence), DUG iQ (dual-use goods assessment), Screen iQ (HSCode & PEP evaluations), SCAN iQ (sanctions & PEP evaluations), Vessel iQ (tracking of vessels & containers), Bank iQ (evaluation of bank risk profiles).
Instantaneous transaction oversight: Transact iQ employs AI technology to detect and flag questionable activities in trade transactions.
80+ warning flag scenarios: Encompasses a broad spectrum of possible money laundering and terrorist financing risks.
Thorough reporting and audit documentation: Ensures transparency and responsibility for all transactions, reinforcing organizational integrity. Additionally, this comprehensive system fosters a culture of compliance and vigilance within the organization.
API Access
Has API
API Access
Has API
Screenshots View All
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Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
CAD IT
Country
Italy
Website
www.caditgroup.it/
Vendor Details
Company Name
AKS iQ
Founded
2019
Country
Pakistan
Website
aksiq.com
Product Features
AML
Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List
Product Features
AML
Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List