ATHENA

TRANSACTION MONITORING     AML / CTF COMPLIANCE

Athena is the simple and cost-effective automation of Transaction Monitoring for financial institutions governed by regulatory bodies such as the MAS in respect of combating money laundering and terrorism financing activities. The rules in Athena are designed specifically for the money remittance industry.

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Financial Action Task Force (FATF) recommends that on-going transaction monitoring must be performed by financial institutions throughout the entire business relationship with the customer.

 

Regulators have prescribed guidance to specifically require financial institutions to scrutinise transactions undertaken throughout the course of the account relationship and pay special attention to all complex, unusually large or unusual patterns of transactions that have no apparent or visible economic or lawful purpose.

 

As there are regulatory and reputation risks of getting it wrong, you need a complete solution that offers you the much-needed automation in your post-transaction monitoring obligation.

KEY FEATURES

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