noncompliant Antimoney laundering and sanctions compliance is not an option it is a regulatory requirement Failure to accurately detect and report potential money laundering terrorist financing or the violation of economic sanctions can lead to criminal and civil l ID: 914277
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Mastercard® AML Net
Organizations can’t afford to be non-compliantAnti-money laundering and sanctions compliance is not an option; it is a regulatory requirement. Failure to accurately detect and report potential money laundering, terrorist financing, or the violation of economic sanctions can lead to criminal and civil liabilities. Being found non-compliant brings substantial fines, potentially leading to considerable loss of revenue and damage to reputation. Every year, upwards of $2 trillion is laundered globally.1 This rapid growth significantly increases organizational exposure to non-compliance. Global regulatory fines and monetary penalties for anti-money laundering and sanctions violations are resulting in significant revenue loss and reputation damage, easily exceeding $26 billion.2
Rapid growth in money laundering
activity is significantly increasing organizations’ exposure—requiring new technology to keep pace and remain compliant. Failure to detect and report potentially suspicious activity may result in tremendous revenue loss due to increasing fines and immeasurable reputational damage. Mastercard AML Net provides advanced technologies and resources to help organizations improve compliance with AML and regulatory requirements.
Fines and penalties for organizations globally
exceed
$26 billion2
Each year, up to
$2 trillion1
i
s laundered globally
Helping organizations meet AML compliance requirements
Money-Laundering
and Globalization, United Nations Office on Drugs and Crime, 2018.a fine mess we’re in - aml/kyc sanctions fines (2008-2018), fenergo, 2018.
mastercard
AML Net
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Mastercard AML netThe first and only global payment network to offer this type of anti-money laundering solution AML Case ManagementOptimize investigation workflows using integrated, web-enabled management and reporting of case loads and alerts.
AML Monitoring
Identify and detect potentially suspicious money laundering and terrorism financing behavior in transactions using money laundering models powered by artificial intelligence, decision-based analytics and customer-defined rules that leverage long-standing Mastercard industry expertise.Advanced, automated tools help to ensure compliance
AML
Watch List Screening
Manage continual screening against published regulated sanctions lists utilizing advanced
watch list screening technology such as phonetic algorithms, string matching and fuzzy logic
. mastercard AML Net
AML Net can help organizations:
Increase detection accuracy and reduce false positives, helping to reduce compliance costs, avoid penalties and reputational damage
Reduce back-office investigation costs
caused by false positives
Improve audit quality and case management for better complianceStreamline and simplify compliance efforts, reducing the need for multiple systemsAML Net helps organizations better comply with ever-changing global regulatory demands by providing advanced sanctions screening, integrated case management and artificial
intelligence-based
models and
custom
rules.
For more
information, contact
your Mastercard account representative.