Transaction Filtering detects
and halts sanctioned activity
Protect your organisation and your financial system
Why choose
BAE Systems?
The challenges
We are an expert provider of marketproven financial crime and compliance
solutions, helping institutions meet
their anti-money laundering, sanction,
and counter-terrorist financing
obligations throughout the payment
lifecycle.
• Provides a packaged, configurable,
risk-based approach for
transaction screening, transaction
interdiction, asset freezing, and
regulatory reporting
• Supports transaction screening in
a variety of formats against 300
global regulators, consolidated list
vendors, and internal lists
•
SWIFT certified application,
working across geographic
boundaries and regulatory
jurisdictions
Large, complex institutions must find ways to consistently and constantly
prevent the flow of funds to and from sanctioned entities and
geographies while continuing to provide innovative products and services
across their global footprint.
Our approach
The NetReveal® Transaction Filtering solution provides a market-proven
approach to facilitate transaction interdiction, regulatory reporting, and
asset freezing to ensure compliance throughout the payment lifecycle.
With our Transaction Filtering solution:
•
Named a “RiskTech Quadrant
Watch List Monitoring Category
Leader” in the 2016 Financial
Crime Risk Management
Systems Report
®
*‘RiskTech Quadrant® is a Registered Trade Mark of Chartis Research Limited. Unauthorised use
of Chartis’s name and trademarks is strictly
prohibited and subject to legal penalties’
www.baesystems.com/businessdefence
Financial sanctions has become the first weapon when diplomacy has
failed in international conflict. Breaches on international sanctions
against state actors like North Korea, or illegal oil transactions on behalf
of ISIS or Iran provokes the harshest responses from regulators. Financial
institutions have an obligation to screen payment instructions prior
to execution to prevent breaching sanctions, embargoes, and other
measures. As transaction volumes rise, it becomes increasingly difficult to
rely on legacy screening systems and processes that may not be up to the
task.
•
•
•
Ensure global compliance consistency – Screen transactions across your
institution against global watch lists, with a solution that screens over
one billion names daily
Block transactions in real-time – Interdict on transactions and messages
containing sanctioned or embargoed entities or geographies, keeping
your institution compliant
Reduce compliance costs – Improve detection accuracy and analyst
efficiency with the ability to tune detection logic for specific transaction
types, geographies or counterparties
Speed investigations and reporting – Streamline decision making and
regulatory filing with automated list updates, advanced matching, and
an intuitive incident workflow
Feature
Benefit
World-wide
transaction
filtering
Screens transactions in a variety of formats, including SWIFT MT, SWIFT MX, NACHA ACH, ISO20022 and FEDWIRE, against
internal, list vendor, and global regulator watch lists, including OFAC, HM Treasury, EU, DFAT, OSFI and UN
Advanced
detection
technology
Applies specific detection logic for transaction types, geographies, and counterparties to detect different forms of data
within financial transactions, such as names, addresses, dates, numeric details, or free text information
Real-time
transaction
interdiction
Identifies and stops payments, wires, and funds transfers in breach of sanctions, embargoes, and other measures in realtime, ensuring proper compliance prior to execution
Smarter
approach to
matching
Uses the degree of matching as well as configurable risk variables such as country, occupation, and relationship risks, to
provide better risk assurance with fewer false positives
Designed for
global scalability
Utilises a scalable architecture including high-availability, fault-tolerance and load-balancing to meet the needs of large,
global businesses
Intuitive user
experience
Facilitates interdiction workflow, follow up reporting, and regulatory disclosure for more efficient and effective
AML investigations
List update
and change
management
Automatically imports and updates watch lists ensuring up-to-date compliance protection
NetReveal
!
Payment instructions
from customer or
correspondent bank
Screen message against external
regulator watch list(s) or internal
list(s) in real-time:
• prospect/customer
• beneficiary
• geography
• etc
Block transaction. Generate
internal report and file SAR
Match
found
?
Hold transaction and alert for
additional review
Possible
match
✓
Submit to payment network
No match
BAE Systems NetReveal Transaction Filtering helps institutions screen and block high-risk transactions found on internal and external watch lists
BAE Systems, Surrey Research Park, Guildford, Surrey, GU2 7RQ, UK
UK: +44 (0) 1483 816000
E: [email protected] | W: baesystems.com/businessdefence
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Applied Intelligence Limited registered in England & Wales (No.1337451) with its registered office at Surrey Research Park, Guildford, England, GU2 7RQ. No part of this document may
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