Fraud module 
AML module 
Verifications module AML module
Ensure compliance with confidence
Empowered by advanced analytics and years of expertise, our AML module helps financial institutions streamline compliance and prevent money laundering risks.
Get in touch
Identification of third-party payments
ANACONDA identifies third-party payments by matching originator names and IBANs with known debtors. If no match is found, the transaction is flagged, and the system learns from user input to improve accuracy.
- Matches originator names and IBANs with known debtors.
- Flags transactions as third-party payments when unmatched.
- Adapts over time based on user input.
Identification of direct payments
ANACONDA detects direct payments made to client accounts instead of the factor's account by analyzing IBANs and client data. It flags frequent occurrences and learns from user input for better accuracy.
- Compares originator IBANs with client and debtor IBANs.
- Flags repeated direct payments for review.
- Learns from user input to enhance detection.
Originator country checklists
Users can define high-risk countries (e.g., based on their internal bank policies) and set custom percentage thresholds. ANACONDA flags payments from these countries and notifies users for review.
- Flags payments from high-risk countries.
- Allows percentage-based configuration for flexible control.
- Ensures compliance with internal and regulatory policies.
Advanced features
The AML module is designed to help factoring banks and financial institutions check compliance aspects seamlessly. Using payment data imported directly from your banking system, the module runs advanced checks to identify potential money laundering risks.
Flexible data import
Seamlessly import payment data from text files, databases, or SQL queries, ensuring compatibility with your existing systems and enabling streamlined analysis.
Automated recognition
Leverages advanced algorithms to detect and flag unusual booking patterns, enabling swift identification of potential compliance issues for further investigation.
Custom IBAN assignment
Assign unique IBANs to each debtor, ensuring precise tracking and enhanced accuracy during compliance checks and data analysis.
Name matching
Adjusts for common spelling variations and abbreviations like "Ltd." when comparing debtor names, improving consistency and reducing false mismatches.
Alert generation
Automatically generates alerts based on predefined risk criteria, accelerating issue resolution and keeping your organization informed of potential risks.
Comprehensive reporting
Provides automated, audit-ready reports tailored to your regulatory requirements, helping ensure compliance and simplifying documentation for audits.
Trusted by leading factoring banks
Frequently asked questions
Find answers for commonly asked questions related to AML module.
What types of suspicious activities does the AML module detect?
The AML module uses advanced statistical analysis and heuristic algorithms to analyze payment data overnight. It detects unusual patterns, potential fraud risks, and money laundering activities, ensuring compliance with regulatory requirements.
Can risk parameters be adjusted?
Absolutely. The AML module allows you to customize risk parameters and thresholds based on your institution's needs. You can configure alerts, risk scores, and behavior detection to align with specific compliance goals.
Does the AML module provide reporting tools?
Yes, the module includes comprehensive reporting and export tools. Reports can be generated for audits, regulatory reviews, and internal compliance checks, offering valuable insights into flagged activities.
How are alerts generated for suspicious activities?
Alerts are automatically generated based on predefined rules and advanced detection algorithms. These alerts highlight high-risk activities, including suspicious transactions, irregular patterns, and flagged entities, enabling timely investigation.
Ready to start?
Safeguard your financial operations with our advanced solutions. Detect fraud, simplify compliance, and protect your business with ease. Let's build a safer, more efficient future together.
Get in touch