... It is impossible, in principle, to explain any pattern by invoking a single quantity ...

Gregory Bateson

PRO - AML Main Characteristics

PRO - AML is a module based standard solution that covers the areas of anti money laundering, fraud detection and market abuse.

One main characteristic is the quality of the detection rates. This is the most important criteria of an effective solution and PRO - AML detects the relevant cases and  has a minimized rate of false alerts. Neutral benchmark tests with other methods have proved the superior detection rates. This high quality of detection is based on the following reasons:

  • A unique solution has been integrated and optimized for specific tasks in the anti money laundering, fraud and market abuse detection, such as optimized algorithms for the namechecking, combinations of static and dynamic rule based filters and auto adaptive pattern cognition models, and a link analysis module.
  • Dynamic, risk based adaptation of KYC profiles
  • Black-Listing of Customers via Integration of existing Embargo lists (e.g. EU or OFAC Sanction Lists or PEP Databases)
  • Automatic discovery of existing risks (flexible scoring rule-set)
  • Detection of unexpected/unusual behaviour (transaction monitoring)

Another characteristic is the user friendliness and optimized functions in the alert processing which guarantee a high efficiency in the areas of compliance. There is an information center in the reporting, where all documents are shown that belong together. There are direct interfaces available to information services for the detailed investigations.

All activities and operations in PRO - AML are logged and the auditability is guaranteed. There is an administration module for the management of the rule based filters, the adaptive models, the sanction lists etc. Including functionalities like versioning, monitoring, revision etc.