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What is CAD IT Anti-Money Laundering?

Anti-Money Laundering (AML) protocols are implemented via a software system that complies with the anti-money laundering laws set forth in Italy by law no. 197 on July 5, 1991, which has undergone several revisions and expansions through different decrees and regulations, leading to the most recent Banca d'Italia Provision issued on April 3, 2013, as highlighted in ordinary supplement no. 35 of Official Gazette no. 105 published on April 7, 2013; this framework also aligns with the principles outlined in Directive 2015/849/CE, known as the Fourth European Anti-Money Laundering Directive. This regulation is particularly significant for a variety of entities, especially banks and financial intermediaries, which are required to establish a Single Electronic Archive to keep records of ongoing client relationships and transactions, including those that reach or exceed a certain threshold, as well as smaller transactions that accumulate to the registration limit within a specified period. Compliance with these mandates is crucial for preserving the integrity and transparency of the financial sector, as it ensures that all potential suspicious activities are effectively monitored and reported to the relevant authorities. Ultimately, robust AML measures contribute to the overall stability and trustworthiness of the financial system, fostering a safer economic environment for all stakeholders involved.

What is AML Risk Manager?

The AML Risk Manager from Fiserv is recognized as a premier solution in the realm of anti-money laundering software. Utilizing the highly regarded Financial Crime Risk Management platform developed by Fiserv, this tool embraces a focused, data-driven, and risk-based approach to improve AML monitoring capabilities. It includes essential elements of an AML program such as KYC (Know Your Customer), detection mechanisms, case management, and reporting features. Fiserv's offerings in anti-money laundering are built on a foundation of robust architecture, advanced analytics, and efficient investigative tools, all supported by their deep knowledge of AML and finance. By adopting this all-encompassing framework, organizations can effectively mitigate risks while enhancing their anti-money laundering risk management strategies. Consequently, implementing the AML Risk Manager can lead to significant improvements in both compliance and operational effectiveness in the fight against financial crime, thereby reinforcing the integrity of the financial system as a whole.

Media

Media

Integrations Supported

Integrations Supported

ARGO

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Not specified

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

CAD IT

Company Location

Italy

Company Website

www.caditgroup.it/

Company Facts

Organization Name

Fiserv

Date Founded

1984

Company Location

United States

Company Website

www.fiserv.com/en/solutions/risk-and-compliance/fraud-risk-and-aml-compliance-management/aml-risk-manager.html

Categories and Features

AML

Not specified

Categories and Features

Compliance

Archiving & Retention
Audit Management
Controls Testing
ISO Compliance
Risk Management
Version Control

Financial Risk Management

Compliance Management
For Hedge Funds
Operational Risk Management
Stress Tests

Risk Management

Auditing
Business Process Control
Compliance Management
Dashboard
Internal Controls Management
Response Management
Risk Assessment

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