The ITS-AML is a one of a range of specialized products offered by ITS. Such specialized products complement and form a complete banking solution that caters for all the needs of the bank.

ITS-AML ensures compliance with its full range of capabilities including client due diligence, transaction monitoring , case management and reporting. In addition, its client -driven processes help ITS-AML departments to streamline operations with a pragmatic step-by-step approach.

• Client Due Diligence - supports implementing proper account opening and client identification procedures including negative or exception list checking
• Transaction Monitoring - monitors client and account transactions across multiple business units and dimensions to detect unusual behavior
• Case Management and Reporting - supports full investigation of suspected cases, within a case management environment streamlines ITS-AML operations and performing custom or automating reporting if required

System Features

ITS-AML includes the following general features:

• The product covers the total AML process (alert, investigate, track and report) and offers a total solution for compliancy with associate regulations and reporting
• Risk segments (business rules) are by default concentrated on:
  • AML Regulation(s)
  • Specific risks per bank segment (e.g. private, retail, direct, etc)
  • Specific product risks (depending on bank segment, e.g. cash, wire transfers,etc)
• Investigation tools such as Risk and Fingerprint Analysis are standard
• Standard pre-defined workflows/strategies for handling of alert and perform reporting (configurable, not extensible)
• Regulator based external reports (e.g. SAR, STR, CTR, etc.)
• Standard management reports (statistical, graphical, etc.)
• Web browser based user interface
• Integration possibilities with existing office applications (Excel, Word and Outlook)
• Integration possibilities with existing reporting tools (e.g. Crystal Reports, Business Objects, etc.)
• Access to additional KYC processes i.e. CIS and account data, credit checking, etc and automatically populated (relevant) fields within the product
• Will provide ability to implement fixed workflows for the operators and audit all user activity.

System Architecture

Functional Architecture

ITS-AML consists of two main parts, the Back Office and the Front Office.

• ITS-AML Back Office
  The Back Office handles the import and profiling of account, client and transaction data from the bank’s transaction processing system, as well as the import of match lists and the matching process. The results of the import and matching processes are stored in a set of databases. The ITS-AML Back Office comes with three applications that an administrator can use to manage and monitor the processes:
  • Back Office Administration: for Back Office management and verification of imports
  • Service Manager: to configure and to start and stop the services used for the import and list matching processes
  • Environment Setup: to set up the environments (for instance a test and a production environment) to be managed
• ITS-AML Front Office
  The Front Office consists of the web application that contains all the functionality for alert handling, investigation, case management and reporting that end users need, as well as system administration functions. The ITS-AML Front Office works with the data that was prepared by the ITS-AML Back Office.

Technical Architecture

ITS-AML is window-based and runs on Windows 2000 Server but the system does not depend on system components of specific Windows versions and does not access the Windows kernel. ITS-AML uses SQL Server 2000 as internal database however ITS-AML has been prepared to support other databases such as Oracle with a minimum of effort.

No client installation of ITS-AML software is required. The Front Office is installed on a web server. The software generates W3C standard web pages, so that the only client software required for end users to access the application is a standard browser. This reduces installation (low-cost ownership) and maintenance efforts (single-point administration) and enables remote access over the Internet.

ITS-AML runs on the Microsoft Internet Information Services (IIS) and makes use of the standard security features that are available in IIS. The .NET Framework was used to develop the application. As a result, ITS-AML Front Office is future-proof, easy to integrate with existing environments and independent of specific versions of Windows and system components. ITS-AML Front Office has been developed in C# and ASP.NET.

XML is used for communication between the Front Office and external Applications.