1. 1. Anti Money Laundering (AML) & Integration System Solutions In an unpredictable business environment, like today, where financial institutions are faced with threats like money laundering and security breaches - both internal and external - a strong Anti money Laundering (AML) system is a necessity. It is a necessity because the business environment today demands fool proof systems and processes to smoothly carry out their bearings. Anti Money Laundering and Integration systems would prompt corporate and businesses to establish clarity among their customers. The expectations from such a system would allow investigation of money laundering based on set regulations and information sharing based on proper authentications. In addition, it must help the financial institutions to identify their customers, establish risk-based controls, keep records, and report suspicious activities. Taking a deep dive on these expectations, an Anti money Laundering - AML system would deliver sophisticated screening and profiling functionality for mitigating anti-money laundering risk. Tailored monitoring as per regional and local requirements and creation of customized systematic risk prevention framework must no longer be considered a luxury. In fact, the need is to get accurate reports through real-time processing and detection engine. 3 key facets in which such systems can be divided include: 1) A straight forward watch list screening solution that is designed for banks with smaller customer holdings. The aim being that such a system should integrate easily with current IT infrastructure and is capable of processing lower transaction volumes 2) A filtering solution which is focused on productivity and adaptability. By effectively addressing regulatory compliance requirements, like managing and consolidating various lists, to real-time integration with operational systems and compliance work-flow, such a system would allow higher-level watch list screening 3) A due diligence and reporting solution that detects isolated facts and behavior patterns that are likely to indicate criminal or suspicious behavior, providing all the information required to back up the suspicion report Finally, there must be frequent independent testing of AML programs and firm-level AML risk assessment protocols must be developed. Moreover, there must be a focus on training and mentoring designated AML Compliance Officers, and development of risk-based customer identification and due- diligence programs. JMR Infotech provides FLEXCUBE plug-in for AML is an application interface component which can be integrated with Oracle FLEXCUBE to facilitate batch interface with any third party AML application. It is designed to implement a loosely-coupled architecture, functioning completely external to Oracle FLEXCUBE