Preventing Anti-Money Laundering (AML) Regulatory Fines
Financial institutions are subject to rigorous statutory audits under FATF Recommendations and Bank Secrecy Act (BSA) regulations to detect money laundering and terrorism financing.
Automated FATF & PEP Sanctions Audit
The ContextSkeleton AML & KYC Risk Auditor ($799/mo) evaluates customer KYC dossiers and transaction logs:
- PEP & OFAC Sanctions Audit: Screens politically exposed persons and international watchlists.
- Structuring & Smurfing Detection: Flags cash deposit patterns designed to evade threshold reporting.
- Suspicious Activity Narrative: Generates audit-ready SAR documentation.