Fiserv has introduced the introduction of AML Risk Manager for Casinos. This is the newest solution in the Compliance and Fraud Management portfolio from Fiserv and provides risk monitoring and anti-money laundering (AML) compliance intended for the casino industry.
With a clear responsibility to keep financial crime out of gambling, casino operators need to respond quickly to evolving regulatory demands and reevaluate their approach to their AML programs and processes. Many governments have ramped up scrutiny of casinos and are now levying large fines against any that fail to comply. Some announced fines have been as high as US$75 million.
AML Risk Manager for Casinos offers new predictive analytics and visualization for suspicious activity detection, behavioral profiling of patrons and patron financial activity, the ability to quantify risk mitigation through investigation, and alert and case management. In addition, award-winning configurability means compliance teams are controlling the system and can adjust it to suit their evolving program needs. AML Risk Manager for Casinos can also automatically generate regulatory reports, such as suspicious transaction reports (STRs) and suspicious activity reports (SARs).
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