Fighting Money Laundering with SAS®

New capabilities in the latest release of SAS Anti-Money Laundering reinforce SAS’ worldwide presence in meeting the needs of the international anti-money laundering (AML) community. The software now features national-language support for Arabic, Korean, Norwegian, Russian and Spanish and additional enhancements to help financial institutions combat money laundering. 

These capabilities and national-language support will help financial institutions comply with AML regulations more efficiently. In addition, the solution will provide a process for supporting the unique regulatory requirements of foreign jurisdictions. The solution is designed to support additional languages as the need arises. 

Support for Teradata
Later this year, another release of SAS Anti-Money Laundering will support Teradata’s large database customers. Financial institutions with very large Teradata databases will be able to monitor hundreds of millions of transactions daily. 

The new releases will also offer a more robust method of watchlist processing and ETL (extraction, transformation and loading) code processing. 

How it works
Installed directly, or through a SAS OnDemand solution, SAS Anti-Money Laundering is a sophisticated AML solution that can take mountains of information from all areas of a financial business, manage and refine that information, and turn it into usable knowledge that will help a business automatically identify and classify suspicious behavior. It can help banks meet stringent government regulations, protect shareholder confidence and maintain a strong reputation.