Stay ahead of emerging risks and changing regulations. SAS® has helped financial institutions achieve more than 90% model accuracy, reduce false positives by up to 80% and improved the SAR conversion rate fourfold.
Expose complex, hidden networks.
Quickly uncover emerging, complex money laundering and terrorist financing threats with network and entity generation processes that automatically build network diagrams and reveal hidden relationships. Advanced analytics enables entity resolution by looking at multiple data sources and references to a customer, then accounting for inconsistencies, errors, abbreviations and incomplete records to help determine whether they relate to the same entity.
Improve operational efficiency.
Empower AML investigators with an integrated, configurable, user-friendly alert and case management solution that offers self-service capabilities and intelligently prioritized alerts for expedient triage, investigation and disposition. An interactive, drag-and-drop page builder lets administrative users conﬁgure settings, views and workﬂows to tailor the application for unique business or user requirements.
Rely on comprehensive suspicious activity monitoring and reporting.
Gain more comprehensive risk coverage with a hybrid approach to monitoring transactions. This approach combines proven rules to detect known risks with advanced analytic techniques – including machine learning, deep learning and AI – to identify unknown risks and hidden relationships. Administrative users can create, govern and update program-defined monitoring rules with a custom, built-in scenario builder. Integrated workflow management helps AML teams seamlessly create cases and file regulatory reports with government authorities.
Comply with customer due diligence and beneficial ownership rules.
Quickly verify customer information at account opening using customer onboarding capabilities. Our risk-based, scalable approach supports the complete customer life cycle – from initial onboarding to ongoing customer due diligence efforts. Analysts and investigators can review events on a continuous basis – as they happen – instead of reviewing over longer time intervals. Sophisticated visualization capabilities allow AML investigators to quickly spot and monitor beneficial owners.
Screen customers and transactions against watchlists.
Screen transactions and customers in batch against a wide variety of watchlists. Our superior scoring algorithm − with organization-specific filtering rules, unique name matching analytics, multilingual screening capability and alert consolidation − generates high-quality hits with low false positives.
Gain complete transparency.
Ensure success with internal model governance boards and external regulators through an open box (transparent) environment. SAS Anti-Money Laundering offers complete visibility into scenarios that trigger red flags and provides clear explanations regarding alert generation for outcome auditing.
Get unprecedented prediction and detection capabilities, the lowest false positives, and reduced investigation times – while decreasing overall compliance costs – with our sophisticated, end-to-end anti-money laundering solution.
Get to Know SAS® Anti-Money Laundering
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- E-Book Fight money laundering with these 5 next-gen game changers from SASEffectively battling dynamic financial crime threats requires new capabilities for AML defense – such as artificial intelligence, machine learning, intelligent automation and advanced visualization.
- White Paper What is next-generation AML? The fight against financial crime fortified with robotics, semantic analysis and artificial intelligence
- Analyst Report Chartis RiskTech Quadrant for Trade-Based AML Solutions 2022SAS is named a category leader in the Chartis RiskTech Quadrant for Trade-Based AML Solutions, 2022.
- Analyst Report Aite Matrix: Leading Fraud & AML Machine Learning PlatformsSAS is a best-in-class vendor in the most recent AiteNovarica report, Aite Matrix: Leading Fraud & AML Machine Learning Platforms.
- Analyst Report Chartis RiskTech100 2022SAS is the only vendor to earn a Top 5 rank in the Chartis RiskTech100 each year since its 2005 debut. SAS also won three solution categories – Risk and Finance Integration, IFRS 9 and Trade-Based AML – for 2022.
- White Paper Rethinking customer due diligenceHelp evaluate your organization's CDD processes and technology relative to current industry risks and regulatory requirements.
- White Paper AI Is at the Forefront of Reducing Money Laundering and Combating the Financing of Terrorism See how artificial intelligence (AI), machine learning (ML) and robotic process automation (RPA) are helping firms overcome the challenges, improve results and make AML/CFT programs more efficient and effective.
- White Paper Fighting Money Laundering with Intelligent AutomationThe world of money laundering and other financial crimes is changing rapidly. This International Institute for Analytics research brief shows how fraudsters and money launderers keep getting more sophisticated.
- White Paper How AI and Machine Learning Are Redefining Anti-Money LaunderingMachine learning can play a big role in the defense against money laundering, either to automate tasks that formerly required human intervention, such as managing the data to train models, or detect more financial crimes risk that rules and more basic analytic techniques might miss.
- Analyst Report SAS named Best in Class in Aite Matrix: Case Management to Combat Global Fraud and Money LaunderingAite names SAS Best in Class in Aite Matrix: Case Management to Combat Global Fraud and Money Laundering.
- Customer Story Fighting financial crime through a global anti-money laundering platformBangkok Bank uses advanced analytics from SAS to meet expanding anti-money laundering requirements for global operations and ensure compliance keeps pace with dynamic regulatory frameworks.
- Customer Story Advanced analytics fuels virtual banking with data-driven decisionsAirstar Bank relies on SAS for risk-based customer due diligence, money laundering detection and comprehensive credit risk management.
- Customer Story Winning the battle against money launderingERGO Insurance efficiently meets regulations, detects suspicious activity with SAS.
- Article Mobile payments, smurfs and emerging threatsM-payment remittances are replacing traditional banks and money services that have historically charged high fees for small transfers. Former US Treasury Special Agent John Cassara maps what he sees in the road ahead and gives advice for protecting your firm.
- Customer Story Analytics powers anti-money laundering effortsSAS helps Landsbankinn reduce false positives and streamline investigation.
- Customer Story Fast analytical defenseDeutsche Kreditbank AG combats fraud and money laundering with SAS.
- Customer Story A risk-based approach to combat money laundering in IsraelSAS Anti-Money Laundering helps Ayalon Insurance monitor suspicious activity and meet challenging regulatory requirements.
- Article Next generation anti-money laundering: robotics, semantic analysis and AIAnti-money laundering taken to its next level is sometimes referred to as AML 2.0 or AML 3.0. What does this next wave of AML technology look like? What can it do that you can’t do with traditional AML? See the results innovative financial institutions around the globe are already getting.
- Customer Story Preventing crime and ensuring compliance at 120 Nordic banksSDC enables small and medium financial institutions in four Nordic countries to stay compliant.
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- SAS® Visual Text AnalyticsUncover insights hidden in volumes of textual data with SAS Visual Text Analytics, combines powerful natural language processing and linguistic rules. SAS BE