Combating money laundering based on a risk-oriented approach is the core expertise of the MLDS (Money Laundering Detection System) software solution.

MLDS is the money laundering module within the Innovations Compliance Suite. It supports the management of compliance-relevant customer information, transaction monitoring, and subsequent clarification. 

MLDS combines three building blocks for the purposes of monitoring and clarifying unusual cases of money laundering:

• Know Your Customer
  sets the rules for identifying the contracting party and provides information on the financial background
• Know Your Transaction
  identifies unusual transactions and business dealings
• Know Your Process
  controls the automated workflows in the processing of suspicious cases

Documentation 

MLDS records the information entered across all processes, the results of the automatic analysis (compliance rating) and the derived clarifications and actions.  As a result, financial institutions are able to comply simultaneously both with the documentation obligations governed by law and internal audit requirements.

More information on Anti-Money Laundering