Anti-money laundering and counter-terrorism financing controls. This guide covers beneficial ownership registers, customer due diligence (cdd), transaction monitoring, and more.
Beneficial ownership registers
Beneficial ownership registers is a core capability within Predictiv, designed to streamline operations and improve visibility. The implementation follows best practices while remaining configurable to meet your organization's specific needs.
Customer due diligence (CDD)
Examples of notifications are:
- Sending customer statements automatically to all customers, at 8am every Monday morning
- Sending a daily sales report to the Sales Team at 6pm each evening
- Sending an SMS to a customer with their fiscal invoice details, are they have purchased goods or services
Configuring Business Partners to Receive Notifications
To enable the system to send notifications to business partners, their email addresses must be configured in the system. , customer, product, supplier) and prioritize them based on business impact.
Transaction monitoring
- Best Practices: Define data quality metrics, use data profiling and cleansing tools, and establish ongoing data quality monitoring. Monitoring and Reporting**
- Description: Continuously monitor master data management processes and generate reports to track performance and compliance.
Suspicious activity reporting
Monitoring and Reporting**
- Description: Continuously monitor master data management processes and generate reports to track performance and compliance. - Best Practices: Use dashboards and analytics tools, establish regular reporting schedules, and conduct periodic audits.
Regulatory compliance frameworks
- Best Practices: Implement access controls, encryption, and data masking, and ensure compliance with data privacy regulations. Monitoring and Reporting**
- Description: Continuously monitor master data management processes and generate reports to track performance and compliance.
Getting Started
To implement aml/cft compliance in predictiv in your Predictiv environment:
1. Assess your current state - Review existing processes and identify improvement opportunities
2. Configure the module - Work with your implementation team to set up the required components
3. Train your team - Ensure users understand the new capabilities and workflows
4. Monitor and optimize - Track key metrics and continuously improve
Related Resources
For more information on related topics, explore our other guides in this collection.
Need Help?
Our team of experts is available to help you get the most out of Predictiv. Contact us to discuss your specific requirements and how we can help you achieve your goals.