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AML Central is a next-gen Anti Money Laundering (AML) solution, ready for today’s complex financial environment and tomorrow’s evolving compliance needs. The solution leverages Blockchain technology to monitor suspicious transactions in an elegant and automated manner – far more effectively than existing conventional approaches. The decentralized system, powered with smart contracts (using in-built algorithms) allows financial institutions to securely parse STR/CTR data through an AML engine on the blockchain. This allows one institutional system to alert another of potentially fraudulent transactions while providing participating banks, regulators and other stakeholders with a powerful set of tools to monitor complex transactions and immutably record an audit trail of suspicious transaction across the ecosystem.
