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SAS Takes Fight Against Money Laundering a Notch Higher

With the need for government regulation compliance getting tighter and the money laundering business getting smarter, SAS has unveiled a new version of SAS Anti-Money Laundering, which the company claims will be a shot in the arm for transparency into customer transactions, protecting shareholder confidence, and in general taking the fight against money laundering a notch higher.

SAS Anti-Money Laundering provides advanced analytics for detecting unknown types of behavior, enabling banks to better display the flow of funds between accounts so they can be more effective in identifying suspect relationships and high-risk accounts. Also, the advanced analytics offer scenarios that detect variances against normal behavior and expected activity, allowing banks to easily identify accounts having similar transaction behavior which may signal possible illegal money laundering activity.

The company claims that the new version delivers better transparency into customer transactions, making it easier for banks to see cases that have been closed or suppressed in support of audit and regulatory review processes. In addition, SAS Anti-Money Laundering provides visual clues, including background attachments for an investigator to see if a case has been worked and/or requires urgent attention.


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