Satori Automated Anti Money Laundering

Automated Anti Money Laundering Monitoring

Significantly reduce your exposure to fraud, financial crime, and regulatory non-compliance through automated transaction monitoring.

An end-to-end solution to an increasingly complex threat

Financial Crime is said to amount to US$1.4 trillion – US$3.5 trillion annually. No organisation is safe with criminals becoming more aggressive and sophisticated. Your business is facing greater financial and reputational risk than ever before, especially when carrying out transactions with third parties. Tightening regulations and growing demands by customers for integrity are placing greater demands on your organisation to monitor and report suspicious activities.

Your round-the-clock defense team

Create greater efficiency through automation and improve your organisations regulatory Anti Money Laundering compliance obligations.

Have the ability to provide instant evidence of exception investigation outcomes to audit or the regulator.

Detect suspicious activities in real-time and greatly reduce your organisations fraud risk.

Automatically generate the required regulatory reporting to reduce administrative overhead.

The Satori Solution

Satori is a Software as a Service that offers automated, continuous transaction monitoring.

The Solution’s workflow manages exception output to ensure follow-up in a timely manner by the team or the person of responsibility. Each exception is investigated and closed out with a defined issue, action, and root cause.

Satori’s Dashboards provide management with real-time visibility on what issues are occurring and their root causes, enabling opportunities for process improvements.

Satori for every Anti Money Laundering scenario

Automated Anti Money Laundering

  • Cash deposits over $10,000
  • Flipping – individuals turning over cash in a short period of time
  • Potentially structured cash deposits over $10,000
  • Transactions with high-risk customers
  • Suspicious transactions

Millions saved from one test of procurement data that detected a years-long fraud, fuelled by a gambling debt. The case went to Court and there was a conviction.

Large ASX Listed BusinessChief Financial Officer

What’s included

Customer Due Diligence

To support KYC, CDD and EDD processes, Satori combines data from onboarding, transaction monitoring and other core systems with identity verification and risk intelligence data to provide updated risk profiles and scores that are based on activities and relationships.

Sanctions Screening

Satori screens individuals and businesses against multiple lists including PEPs, negative news, OFAC, and other sanctions lists. Screening can be done in native characters and in real-time, periodically, or on demand.

Transaction Monitoring

Analyse every transaction in real-time using an extensive library of analytics and scenarios, and generate alerts for suspicious activities. These are sent to the appropriate personnel via text or email for investigation and/or reporting.

Configurable

Organisations can select the functionality they need or the complete solution. Permission-based functionality allows different users to access only the information they need to perform their responsibilities, and data can be maintained in the cloud or on-premise, ensuring compliance with regulations.

Data Management

Satori can access data from any platform, including ERPs, bespoke applications, and core business systems. The data is then cleansed and aggregated to increase its accuracy, and cross-referenced to reveal big-picture insights. Better data means better insights.

Investigation Tools

Satori offers dynamic workflows to guide processes and investigations. Enterprise search capabilities allow for easy search of data within internal and external sources while case management offers a collaborative approach to investigations, compliance and decision making.

Executive Dashboards

A realtime overview of what exceptions have occurred, what has been followed up and what is potentially overdue.

Additional Tests

We work with you on data quality improvements and new tests to increase coverage or cover gaps on controls.

Local Support

The Satori Customer Success and Support team are APAC based providing support even through holiday seasons.

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Satori Customer MMG Mining

“I would recommend Satori to any organisation that wants to be on top of their game by having the ability to be warned and protected 24/7 *365 days a year. 100% testing run daily on high-risk assertions wouldn’t be possible without this tool doing its magic in the background.”

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“Satori takes our data, puts it through their magical system, and presents it back to us in an actionable format.”

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