SMARAGD FPD IT-based system for the - cellent finance solutions AG

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ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG SMARA TCM Watch list filtering, financial sanctions and combating the of terrorism financing Early breackdetection Low false-positive-rate To ensure the embargo monitoring and to prevent terrorism financing TCM checks financial transactions and customer data for infringements against institution specific, national or international regulations. 8 ■ Embargo filtering of transactions (SEPA, SWIFT and non-SWIFT) ■ Indentification of “bad guys” in the customer database (customer screening) ■ Identifying PEPs (politically exposed persons) By implementing TCM economical damages for the financial institution can be avoided. International payments with a terrorist background and/or that violate EU, US or UN requirements or laws can be prevented. Daily updated watch lists The European Union, the OFAC (Office of Foreign Assets Control) and other authorities publish watch lists and make them available to financial institutions. If there is an alteration in the list, the data files are checked on a daily basis with the help of an automatic update mechanism. A significant and indispensable characteristic of TCM is the checking of name similarities using the undefined search logic (fuzzy-logic). ■ Phonetic similarities, particularly due to various spellings in various languages considered are considered ■ Spelling errors do not prevent the detection ■ Phrases and permutations are taken into consideration ■ Monitoring of documentary bussiness transactions, for ■ Differentiation of the similarity assessment for example trading credits, securities transactions free-text fields ■ Online webcheck to reject unwanted customers The similarity search can be parametrized so that it can be quickly adjusted in case of increased security requirements. Checking of SEPA, SWIFT and non-SWIFT transactions TCM monitors transactions, that are relayed to the financial institution through the SWIFT-network. TCM performs a complete checking of the embargo-relevant SWIFTmessages: ■ Customer transactions (payments and cheques) ■ Inter-bank transfers ■ Treasury, currancy trading, money markets and derivatives ■ Collections and money orders ■ Securities transactions ■ Precious metals and cash letters ■ Documentary credits and guarantees Insolvency-filter Complex transactions in banks are automated and completed nowadays, while taking into account a great deal of additional internal and external information. This largely poses the risk that payments are made, even though
GD the addressee is already in financial difficulty or is even close to insolvency. These payments can be stopped with the „insolvencyfilter“ and thus prevented. Identifying PEPs (politically exposed persons) With the SMARAGD PEP component, politically exposed persons can be identified through the intelligent similarity search (fuzzy-logic). The checking strategies are configurable, to take into account the heterogenic data quality of the PEP lists. Innovations TCM supports the requirements of the EU regulation 1781 (on information on teh payer axxounpany transfer of funds). SMARAGD TCM detects infringements against this guideline and informs the compliance organization about the violation. If necessary these transaction can be stopped from being processed any further. ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG What does TCM perform? TCM ■ Complete checking of all transactions for embargo breaches ■ Highly optimized customer base checking for embargo infringements („bad guy“) with similarity search, also suited for mass data processing (>10 million partners) ■ Utilization of all relevant external and internal watch lists for the embargo monitoring, including PEP lists (Politically Exposed Persons) ■ Simplified and quick partner checking with the online webcheck to reject unwanted customers/partners ■ Auditing security through a complete logging of all relevant events and processes ■ Case processing for embargo infringements with workflow ■ Flexible maintenance and expansion of the checking rule code through the specialist Compliance department 9
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SMARAGD FPD IT-based system for the - cellent finance solutions AG

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