Flextera "Counteraction of Legalization of Income" in SMP Bank

The SMP Bank and Diasoft company announce end of the joint project on implementing solution of FLEXTERA "Counteraction of Legalization of Income".

FLEXTERA "Counteraction of Legalization of Income" allows to create automatically notifications in FFMS and reports on requests of regulatory authorities without additional labor costs from employees of the bank on collecting of necessary information. Among additional options of the solution it is possible to select specialized settings for internal auditors, the configured requests and reports, including statistical data.

Feature of the solution of Diasoft company is readiness for implementation of new provisions of the regulator, in particular Provisions of the Central Bank of the Russian Federation of March 2, 2012 No. 375-P "About requirements to internal control rules of credit institution for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing".

"The Russian banks pay more and more attention to procedures of counteraction of money laundering and financing of terrorism against the background of toughening of requirements of the protivolegalizatsionny legislation, – Inga Tumasyeva, the head of service of financial monitoring of SMP Bank says. – It is caused, first of all, by desire to manage effectively reputational and legal risks and also aspiration to qualitatively build business processes on control of transactions; provide accomplishment of internal control rules with a business growth; be protected from unfair clients with doubtful reputation, etc. IT solutions, such as FLEXTERA "Counteraction of Legalization of Income" are for this purpose developed.

FLEXTERA "Counteraction of Legalization of Income" is the multifunction solution having several advantages.

• First, in the solution function of electronic storage and maintaining questionnaires клиентов/представителей/выгодоприобретателей and monitoring of the financial transactions made by them using 40 ready algorithms of control which allow to configure about 200 schemes of check of transactions practically of any complexity and depth of a covering is implemented. The solution allows to create automatically letters to clients for refining of nature of the performed operations.
• Secondly, the solution allows to keep different lists (FFMS, OFAC, SDN), the internal list of clients with doubtful reputation, the list of invalid passports and also to create any user lists.
• Thirdly, FLEXTERA "Counteraction of Legalization of Income" allows to control on a centralized basis transactions of multioffice bank, to differentiate access rights of employees depending on their role and a type of the executed transactions, to perform detailed audit of all actions of users of a system.

Thanks to joint work of SMP Bank and Diasoft company the solution was successfully integrated in the existing IT landscape of Bank using the built-in interfaces.