Aquilan Patriot Manager provides complete USA PATRIOT Act compliance in 90 days.

Aquilan software meets the full monitoring, screening, and reporting requirements of the USA PATRIOT Act. Aquilan’s browser-based software is easily deployed and provides the quickest path to end-to-end compliance management, including:

Automated Monitoring – Aquilan provides a 360º view of customers and their relationships to help Financial Services institutions“Know Your Customer” and detect suspicious activity. Aquilan Patriot Manager continually monitors customer lists and transactions for Specially Designated Nationals, banned jurisdictions, and prohibited activity.

Intelligent Screening – Aquilan intelligently screens customer profiles, individual financial activity, financial and non-financial transactions, and suitability guidelines for red flags that may indicate money laundering and other reportable activities or activity patterns. When suspicious activity is identified, compliance personnel are proactively notified through automated alerts.

Guided Reporting and Workflow – Aquilan provides full compliance case management and escalation so analysts can investigate watch list matches and suspicious activity red flags and automatically file government-mandated reports, such as the Suspicious Activity Report (SAR), the Currency Transaction Report (CTR), and the Report of Cash Payments Over $10,000 Received in a Trade or Business (IRS Form 8300).

As regulations change and evolve, Aquilan keeps managers informed with direct real-time access to pending regulations and current government requirements. Aquilan Patriot Manager is designed to provide financial services institutions with rapid compliance with a broad range of expected anti-money laundering customer activity tracking regulations. To provide effortless compliance with future regulatory changes, Aquilan Patriot Manager includes simple mechanisms to update the software as new requirements become effective.

All Aquilan software includes a full audit trail of historical activity to help institutions document their compliance activities.

The USA PATRIOT Act imposes strict requirements on the financial services industry. Under new rules, companies face stiff penalties for transacting business with known terrorists, drug traffickers, entities associated with targeted countries, or for serving as a haven for money laundering. Failure to comply with these regulations may result in substantial corporate fines and jail time for senior executives.

Aquilan Patriot Manager: Features at a Glance

• Profile and trend generation for each Customer
• Customer and transaction filtering against Specially Designated Nationals (SDN) database and targeted countries
• Individual activity analysis against allowable limits and historical trends, with an automatic alert generation when tolerances are exceeded
• Creation of relationships between clients based on user-specified criteria
• Case file generation and monitoring, with escalation procedures
• Complete Government report generation and reminders, with escalation procedures and tracking
• Online / real-time access to the leading research firm in the US to access current regulations and changes
• Easy access to company-specific policies and procedures as well as government regulations
• Full audit and historical integrity
• Automated updating of watch lists and re-analysis of customer file

Aquilan provides USA PATRIOT Act compliance for Financial Services in 90 days

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