OmniTrust

Expertise Across all Aspects of Financial Crimes: Broad expertise & experience across all aspects of Financial Crimes (AML, KYC, Fraud, Case Management, Sanctions, Governance, Enterprise Risk)

Sanctions Screening and Transactions Filtering: A regulatory requirement to stop activity in financial transactions (wire activity) as it happens in real-time. To block opening an account based on the sanctions list details. The blocked entities updated daily.

Know Your Customer (KYC): Customer identification and knowledge at the account opening phase. Helps preventing possible threats of AML / Fraud. It is also a regulatory requirement.

Suspicious Behavior Monitoring (AML): Detect suspicious AML transaction patterns and report it to the central bank as per the regulatory requirement

Global Name Matching/Recognition: Just like languages, individual names are uniquely different from one group of people to the next. There is no one set of established rules that describes what a name should be like.
For example:
In Spain, a person has two surnames, and the literal "last" name is not the person's own family name.
In certain parts of India, a person's surname comes first, followed by the given name.
In parts of Malaysia, people have only a given name and no surname.
In many Arabic-speaking areas, the second word in a person's name is their father's given name, not their family name.
In many parts of the world, immediate family members have no shared name that links them together as members of the same family.

Office of Foreign Asset Control (OFAC) Lists:The OFAC list (not same as 314(a) list) consists of persons and entities that have been publicly named as persons against whom there are sanctions imposed by the U.S. government. Each financial institution must take responsibility for monitoring the list and determining if changes have occurred. We closely monitor changes to these lists on a daily basis and provide changes to the clients on the same day in a secure fashion. The institution must establish a relationship with OmniTrust technologies to avail this service. The OFAC list requires a "slice in time" search to determine if, at the time new names/entities are added to the list, the institution is holding any assets of the OFAC-affected parties. OmniTrust technologies can help institutions on an ongoing basis when entering into new transactions to determine if a party to the transaction is on the list.

Social Network Analysis (SNA):SNA provides both a visual and a mathematical analysis of complex human systems, networks and collaborative fraud units. This analytic approach has practical importance because our tools combine data extraction, manipulation, analytic and visualization tools to massage massive amounts of data into a visual representation of unusual and unlikely linkages. It provides information such as who knows whom, who calls whom and who does business with whom. SNA is the mapping and measurement of relationships and flows between various entities in groups, fraud networks or global fraud operations providing both a visual and a mathematical analysis of these relationships. The entities in the network are the distinct nodes while the links show relationships or flows between the nodes. To understand networks and their participants our technologies map the location of entities in the network, measuring the network location to determine the centrality of an entity. These end to end metrics give us an insight into the various roles and groupings in a network