AFC SUITE

Altergaia’s Anti Financial Crime (AFC) Suite automates your AFC controls according to your risk appetite to provide quick, easy and cost effective compliance and enhance your customers’ experience.

Our software provides simple installation solution with the right blend of human interaction. It ensures that your business AML needs are met  efficiently and effectively. Your business can thrive and offer first class customer service, and take all reasonable steps to prevent money laundering and terrorist financing.

Our automated solutions focus on the highest levels of quality in software and compliance through rigorous testing and continuous improvement driven by machine learning and user feedback .

SearchLight CFT shines a light on the bad guys - escalates and reports letting through only the customers you want

Searchlight CFT is designed to help you meet your AML sanction screening responsibilities

Scans individuals, businesses and entities providing alerts so you can take action

Monitors key sanction lists including OFAC, EU and Many more with the added ability to include internal lists

Uses advanced matching algorithms to expedite the scanning to near real time.

Passport KYC helps onboard your customers swiftly, seamlessly and with confidence, enhancing your customer experience

Passport KYC automates CDD and ECDD checks on individuals and entities from KYC, Pep and UBO databases

Creates a risk score using workflow and drop down menus to alert responsible persons if issues are detected

Remediation 

An automated approach to remediation and periodic checking KYC data that can save at least 50% of time and costs over a manual approach.  Once remediated, KYC data is automatically refreshed whenever new data are entered in accordance with regulations and risk appetite.

Automated checks of UBOs/PSCs 

Every time you search for a UBO, Altergaia automatically checks any PSCS against PEP and Sanction lists.  This saves time and cost so that you can onboard any customer who remains “in the green” rag with a degree of certainty that they meet your risk appetite

Sonar AML allows robust ongoing monitoring and alerting of transactions for changes to circumstances or behaviour that identifies potential criminal activity

Sonar AML provides ongoing monitoring of transactions and KYC changes for changes to circumstance or patterns of behaviour that indicate increased risk of money laundering or other financial crime

Brings together internal and external data sources, applying AI and machine learning to provide alerts to the responsible person in near real time

Confirms risk assessments and changes periodical. It has similar management information alerting, SAR reporting and audit trail as the rest of Altergaia’s AFC suite.