Smart Automation with Comprehensive 24/7 Surveillance to Combat Money Laundering
As global regulatory bodies tighten their standards, banks and financial institutions face increasing compliance challenges. To minimize vulnerabilities, they must adopt tighter risk controls.
Free Fall Services's Anti-Money Laundering (AML) Solution is a robust, enterprise-wide AML risk management system Leveraging AI, ML, and RPA technologies, our solution empowers financial firms to manage AML risks and ensure compliance effectively.
By monitoring transactions in real-time through automated processes, our solution delivers exceptional performance in managing compliance and issuing real-time alerts, helping financial institutions achieve greater efficiency and effectiveness. Our solution complies with all major AML regulations globally.
By monitoring transactions in real-time through automated processes, our solution delivers exceptional performance in managing compliance and issuing real-time alerts, helping financial institutions achieve greater efficiency and effectiveness. Our solution complies with all major AML regulations globally.
KYC and AML have become critical concerns for financial institutions. Banks have incurred significant penalties due to lax customer onboarding processes, leading to money laundering activities. Key AML process challenges include high investigation times, multiple downstream systems, data quality issues, high false positives, and a lack of skilled investigators.
Stringent regulatory oversight, frequent requirement changes, and hefty fines for noncompliance are driving financial institutions to reassess their business models and technological landscapes. Our AML practice provides 24/7 global coverage with domain experts, applying industry best practices through our proprietary Process Progression Model (PPM) framework. We help organizations transform their operating models, improve performance, and standardize processes while reducing costs.
We are recognized as a leader in the IDC Marketscape for Business Process Outsourcing - KYC/AML.
Comprehensive detection of suspicious activity
Continuous KYC and watchlist screening
Real-time regulatory reporting, audit trails, and MIS
Automated fraud case processing with predictive analysis and machine learning
Multi-country, multi-currency, and multi-lingual capabilities
Design and implementation of foundational risk assessments for compliance programs
Enhancing AML/CFT and sanction compliance programs
Selecting and implementing compliance technology systems
Conducting regulator-mandated lookbacks and transaction reviews
Developing and conducting comprehensive AML/CFT and sanctions audit programs
Customizing and delivering AML/CFT and sanctions training
Providing independent model validation, tuning, and advanced analytics