Enhanced anti-money laundering.

SAS, have released of a new version of SAS Anti-Money Laundering. Complementing its recently announced SAS Money Laundering Detection, the new offering includes several enhancements to help institutions worldwide fight against money laundering. SAS Anti-Money Laundering now provides advanced analytics for detecting unknown types of behaviour, enabling banks to better display the flow of funds between accounts so they can be more effective in identifying suspect relationships and high-risk accounts. Also, the advanced analytics offer scenarios that detect variances against normal behaviour and expected activity, allowing banks to easily identify accounts having similar transaction behaviour which may signal possible illegal money laundering activity. The new version also delivers better transparency into customer transactions, making it easier for banks to see cases that have been closed or suppressed in support of audit and regulatory review processes. In addition, SAS Anti-Money Laundering provides visual clues, including background attachments to see if a case has been investigated and/or requires urgent attention. Installed directly or through an application service provider, SAS Anti-Money Laundering is a sophisticated anti-money laundering solution that can take mountains of information from all areas of a financial business, manage refine that information, and turn it into usable knowledge that will help a business automatically identify and class suspicious behaviour. It can help banks meet stringent government regulations, protect shareholder confidence I maintain a strong reputation. The solution offers an integrated and open-ended architecture that lets banks gather information across data sources, transform the appropriate data into real intelligence, detect suspicious activity a accurately alert investigators and authorities. www.sas.com