Financial Crime Monitoring Platform

At Sigma AML, we have developed our proprietary financial crime monitoring platforms and an integrated case management system designed to help you effectively identify, manage, and mitigate risks to ensure compliance with your financial crime obligations.

Financial Crime Monitoring Platform Screenshot

Key Features:

  1. Comprehensive alert and case management
  2. End-to-end workflow automation
  3. Customisable thresholds and scoring
  4. Unified case management dashboard
  5. Record keeping for up to seven years
  6. Data extraction and visualisation for reporting purpose

Modules

Select a module to see what it triggers.

  1. InvestigationName Screening

    An investigation can initiate it directly

  2. InvestigationSMR

    An investigation can initiate it directly

  3. InvestigationECDD

    An investigation can initiate it directly

KYC Onboarding & Periodic Refresh

Core Module

Ensure your customers are who they claim to be

Reporting entities must establish customer identity before offering services (KYC Onboarding) by collecting and verifying key data points to assess financial crime risk. Regular updates ensure information remains current and risk ratings accurate (KYC Periodic Refresh).

KYC Process Overview
End-to-End KYC Workflow
Covers the full lifecycle, from case initiation to closure with secure data retention for up to seven years.
Automation of Core KYC Processes
Includes electronic identity verification, ownership structure unwrapping, client outreach, risk assessment, name screening and more.
Automated KYC Periodic Refresh
Automatically generates refresh cases based on configurable rules, triggers, and customer attributes.
Flexible Risk Scoring Methodology
Comes with a pre-set risk scoring model that can be easily tailored to your business needs.

Name Screening

Core Module

Is your customer a PEP, sanctioned entity or involved in any adverse media?

Critical for identifying if customers or associated parties are sanctioned, politically exposed persons (PEPs), or linked to adverse media. Must be conducted at onboarding and ongoing basis throughout the customer lifecycle.

Name Screening Process
End-to-End Name Screening Workflow
Manage the full process from screening initiation to case closure, ensuring consistent and traceable outcomes
Integrated Screening at Onboarding
Name screening is automatically triggered during KYC onboarding as part of our KYC module
Automated Ongoing Screening
Alerts are generated based on pre-set triggers and risk attributes, with flexibility to configure rules according to your business needs and risk appetite
Seamless Integration with KYC and ECDD Modules
Facilitates escalation and further investigation through direct linkage with our KYC and ECDD platforms when a material screening hit is identified

Suspicious Matter Report (SMR)

Core Module

One of your core reporting obligations

Reporting entities must detect and report suspicious activities to AUSTRAC via SMR. Timeframes: 24 hours for terrorism financing, 3 business days for money laundering or other offences.

Easy to Use Workflow
Allows you to document relevant red flags / risk types and upload your SMR within the system for record keeping purposes
Seamless Integration
Automated workflow to trigger ECDD and KYC Refresh when a SMR is submitted

Enhanced Customer Due Diligence (ECDD)

Advanced Module

Additional measures when your customer is considered as high risk

Required for high-risk customers to further identify and mitigate potential risks. Includes collecting additional KYC data and retrospective account reviews. All cases must be reviewed and endorsed by Senior Management as required by law.

End-to-End ECDD Workflow
Manages the full process from ECDD case initiation to closure, ensuring consistency and compliance
Automated ECDD Alert Generation
Automatically triggers ECDD cases based on configurable rules and risk attributes, tailored to your business needs and risk appetite
Seamless Integration
Enables immediate access to key functions such as electronic identity verification, ownership unwrapping, client outreach, risk assessment, and name screening

Investigation Module

Advanced Module

Our investigation module allows you to create alerts / cases to record your investigation process and determination outcome, with automated workflow to initiate ECDD, Name Screening and SMR submission.

End-to-End Workflow
Manage the full process from initiating investigation to documenting determination outcome
Seamless Integration with ECDD, Name Screening and SMR Modules
Direct linkage with our other functions / modules to facilitate your investigation