The Vozrozhdeniye bank implements the complete solution NICE Actimize Anti-Money Laundering

The Vozrozhdeniye bank and the partner of the project, DIS Group company announced in March, 2016 implementation of three system modules of NICE Actimize AML: FATCA Compliance (Compliance to requirements of FATCA), CDD (Check and risk assessment of clients for the purpose of POD/FT) and WLF (Check of clients and transactions on control lists (the list of extremists, public officials and others).

The Vozrozhdeniye bank, as well as other credit and financial institutions, performs requirements of regulating authorities in the field of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism (POD/FT).

The solution NICE Actimize is used at the largest financial institutions, including TOP of 10 global banks: Bank of America, Wells Fargo, Citibank, Societe Generale, Lloyds, Barclays, HSBC, FINRA and many others.

In Russia the solution NICE Actimize is used at many financial institutions, including in Alfa-Bank, VTB Capital, Sberbank of KIB. Within projects implementation services of solutions are rendered by the project team of DIS Group having expert knowledge in the field of counteraction to financial crimes and which implemented a number of projects with use of the solutions NICE Actimize. The DIS Group company is the sole authorized distributor and the representative of NICE Actimize company in the territory of the Russian Federation and the CIS countries.

The complex of the solutions NICE Actimize AML gives opportunities for a complete covering of requirements of Bank in the field of solving of tasks of ensuring compliance to regulatory requirements in the field of POD/FT. The project includes implementation of four specialized modules implemented on a single technology platform.

• FATCA Compliance is the module providing compliance to requirements of the law FATCA. The system module automates check of all clients of Bank on identification of citizens of the USA.
• WLF (Watch List Filtering) is the module intended for filtering/verification of client information on lists of special observation. In Vozrozhdeniye bank complex selection is performed according to different lists, including the list of extremists, public officials and others. This function allows to reveal physical persons and legal entities for which certain sanctions work or to which certain risks and also for the organization of work with these persons accompany.
• CDD (Customer Due Diligence) is the module intended for assessment and risk management of the client, allows to execute the risk assessment associated with the provided and changing characteristics of the client, his products and services, the expected behavior, etc. In Vozrozhdeniye bank risk assessment of the client on risk factors of a different type is implemented.

In April, 2016 transfer to operation of the module SAM (Suspicious Activity Monitoring) which is responsible for process automation of monitoring and identification of suspicious transactions of clients of Bank is planned.

The listed modules are constructed on the general platform and are available as it is individual, and as a part of the integrated offer. Each module provides rapid implementation and possibilities of flexible configuration for effective implementation of all requirements in the field of AML compliance.