The Problem
AML investigations are highly complex and often require the merge of structured and unstructured data to build a full picture of the fraudulent activities. Online research is an integral part of the research, but the lack of tools make this essential part of the work slow, labour-intensive and very expensive to conduct.
Furthermore, AML investigations require to be documented in detail in order to stand up in court. Sources for every piece of evidence must be tracked and recorded adding to the complexity of managing complex body of evidences.
Finally, a lot of the tools currently available to the domain experts require substantial technical skills to leverage. As a result, most investigations rely on old-fashioned techniques such as putting all the evidence onto investigative boards.
Furthermore, AML investigations require to be documented in detail in order to stand up in court. Sources for every piece of evidence must be tracked and recorded adding to the complexity of managing complex body of evidences.
Finally, a lot of the tools currently available to the domain experts require substantial technical skills to leverage. As a result, most investigations rely on old-fashioned techniques such as putting all the evidence onto investigative boards.
Our Solution
By merging structured data such as transaction data, sanctions data, company data and so on, and unstructured data gathered through online investigations, AML researchers can find criminal activities faster. With reKnowledge, AML investigators build a single digital repository for all their information. The highly flexible ontological editor of reKnowledge empowers organisations to define whatever evidence and activity type they are interested in. In addition, thanks to our granular audit trail, researchers produce a fully auditable analysis. Any change made on any data points in the system is constantly tracked, whether you are online or in the workbench. Finally, thanks to our analytical workbench, analysts can communicate their findings through interactive data visualisations. |
Use cases
|
Discover how we integrated the transactions data the ICIJ put together for the FinCen Files investigations. By transforming the spreadsheet into nodes and connections we were able to find new investigative lead with a few clicks. |
|
