Financial Crime World

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Combat Money Laundering with Cutting-Edge Solutions

Peru’s financial sector is under increasing pressure to prevent money laundering and comply with strict regulations. In response, BANKiQ has developed an advanced Intelligent Anti-Money Laundering (IAML) solution that helps detect suspicious transactions and streamline compliance processes.

The Reality of Money Laundering in Peru

According to estimates, up to USD 2 trillion is laundered annually globally, with only 1% intercepted by authorities. In Peru, financial institutions face rising complexities in regulatory demands such as Counter-Terrorist Financing (CTF), the Bank Secrecy Act (BSA), and Know Your Customer (KYC). To combat this, BANKiQ’s IAML solution offers a robust, scalable, and adaptable AML platform that is ready to tackle the ever-changing tactics of financial crimes.

Key Features of BANKiQ’s IAML Solution

  • Customer Risk Scoring

    Monitor customers with ease by evaluating transaction behavior and profiles.

  • Name Screening

    Say goodbye to compliance risks by cross-referencing customers against watchlists, sanction lists, and other red flags.

  • Real-time Transaction Monitoring/ Alerts

    Stay vigilant and proactive with continuous scanning for suspicious transaction patterns.

  • Case Management

    Organize and manage investigations into suspicious activities efficiently.

  • AML FIU – STR Reporting

    Simplify compliance and regulatory reporting by automating the preparation and submission of STRs to FIUS.

Why Choose BANKiQ?

As a risk guardian in fighting financial crimes, BANKiQ offers an advanced, intelligent Anti-Money Laundering (IAML) solution designed to safeguard your operations against modern-day money laundering. By leveraging advanced technology, we enable fully autonomous cognitive applications to support anti-money laundering endeavors.

Getting Started with BANKiQ

Schedule a demo and discuss your fraud prevention strategy with our solutions team. Our IAML solution is available on-premise or through cloud hosting, offering scalable and flexible deployment capabilities. Get started today!

FAQs

1. How does AML software contribute to regulatory compliance for banks?

BANKiQ’s IAML significantly aids banks in compliance by automating identification, reporting, and management of suspicious transactions.

2. How can AML software assist in detecting and preventing money laundering activities?

An effective anti-money laundering software for banks aids in detecting and preventing money laundering activities by employing advanced algorithms and ML techniques to monitor and analyze customer transaction data in real-time.

3. How frequently should Banks/PA/PSP update their AML software to stay effective against evolving threats?

Banks, Payment Aggregators, and Payment Service Providers should regularly update their AML software, ideally every 3 to 6 months.