High-risk businesses like CRB (Cannabis Risk Businesses) are at a high risk of money laundering. This makes financial institutions skeptical about being in business with marijuana-related ventures....
Yes, all true positive cases are escalated to the case management module (ICMR) and a report is automatically filed to FinCEN through the SAR Workflow (Suspicious Activity Report)
Using Fuzzy logic algorithm and international matching technique, Velocity scans to the account/ individual/ transaction against the CRB monitoring list and Cannabis list. Upon finding a match the ...
When CSR alerts are marked as True Positive, then a CASE will be automatically created and will be moved to the Investigator workbench for further analysis. Post that, it follows the same workflow ...
Velocity-FinCrime Solutions Suite has its own web service. This service is directly connected with various data service provider. It has the option to schedule an upload process from a specific fol...
The Cannabis monitoring module helps to lookup the name and address data in CRB Monitor files (Individual or Business List) against the transaction data and lets the financial institution know the ...