Loading...

KYC & AML Compliance Solution

The KYC/AML solution offered by Koala.Markets provides financial institutions with a comprehensive and scalable platform to ensure compliance with regulatory requirements. By integrating cutting-edge technologies, the platform streamlines customer onboarding, monitors transactions effectively, minimizes risks, and ensures adherence to legal mandates.

As part of the onboarding process, Koala.Markets employs state-of-the-art tools to maintain the highest security standards: The Post-ID process by Deutsche Post is utilized for KYC, ensuring reliable and swift verification of customer data. For AML checks, the Fourthline solution is deployed, offering a thorough risk factor analysis and efficient detection of potentially suspicious activities.

Core Capabilities

1. Customer Monitoring

Koala.Markets facilitates seamless monitoring of customers using a variety of risk factors:

  • PEP Records (Politically Exposed Persons): Identification and risk assessment of politically exposed persons.
  • Sanction Records: Automated detection of clients flagged in sanction lists or adverse media.
  • Other Records: Monitoring of other high-risk customer groups through customizable parameter configurations.

2. Transaction Monitoring

Koala.Markets enables granular transaction monitoring based on:

  • Aggregate Transaction Amount: Setting minimum and maximum transaction thresholds by type and currency.
  • Aggregate Transaction Count: Defining transaction frequency limits to flag suspicious activities.
  • Individual Transaction Amount: Detailed limits for single transactions based on account type and currency.
  • Individual Transaction Reference Account: Additional control over reference accounts and associated risks.
  • Individual Transaction Other Account: Detection of suspicious activities involving non-standard accounts.
  • Automated escalation for breaches of predefined thresholds.

3. Risk Management

  • Customer-Specific Risk Factors: Classification based on customer type, country of origin, occupation, financial parameters, and residency.
  • Customer Origin Country: Country-specific risk analysis to align with regulatory expectations.
  • Customer Reference Account Country: Assessment of reference countries and their influence on risk profiles.
  • Customer Residency Country: Analysis of residency to determine potential risk levels.
  • Customer Sector: Risk evaluation based on industry groups and regulatory environments.
  • General Parameters: Establishing risk acceptance and rejection thresholds to automate decision-making processes.

User Interface and Administration

The platform offers an intuitive interface to manage all KYC/AML processes:

Parameter Management

  • AML General Parameters: Management of risk thresholds, standard risk factors, and automated decisions.
  • Customer Parameters: Customizable parameters including occupations, countries of origin, reference accounts, account types, and cash limits.
  • Transaction Parameters: Configuration of thresholds and risk indicators for individual and aggregate transactions.

Monitoring Modules

  • Customer Monitoring: Detailed views of individual customers with risk ratings and event logs.
  • Transaction Monitoring: Real-time monitoring and logging of all relevant transactions.

Benefits for Financial Institutions

  • Efficiency: Automated processes reduce manual workload and accelerate compliance workflows.
  • Flexibility: Customizable rules and parameters support the implementation of institution-specific standards.
  • Security: Real-time monitoring and alerts prevent unauthorized activities.
  • Compliance: Adherence to international regulations such as AMLD, FATF, and GDPR.

Integration into the Koala.Markets Platform

The KYC/AML solution is seamlessly integrated into the broader Koala.Markets platform and offers:

  • Unified data usage across customer management, trading, and reporting.
  • Automatic synchronization of risk ratings across all modules.
  • Scalable implementation for both small and large financial institutions.

With the KYC/AML solution from Koala.Markets, banks and financial service providers can implement their compliance measures efficiently while creating a secure environment for trading.

Top