Alacra Compliance enables banks and broker/dealers to employ a consistent, comprehensive and documented process for Customer Identification Programs (CIP), Know-Your-Customer (KYC) efforts and Enhanced Due Diligence (EDD) to help meet Patriot Act, BSA and FSA regulatory requirements.
Alacra Compliance is a workflow tool that employs Alacra's sophisticated federated search technology across premium content, regulatory watch lists and the Alacra Compliance Web to help gather the evidence and create the documentation you need. This tool provides a framework for consistent application of your existing AML procedures and processes, incorporating your firm's guidelines into each search. By streamlining the on-boarding process and bringing together the majority of your research sources within a single application, this tool has proven to be an indispensable resource for compliance professionals.
In addition to Alacra Compliance Interactive, Alacra has recently launched the more automated Batch and Monitoring versions of Alacra Compliance. Alacra's Batch Module is a fully automated, secure process that checks your customer files against premium content sources and regulatory data files. This highly scalable process simplifies your on-boarding activities by making it easy to implement a risk-based approach to ongoing client remediation. Alacra's Monitoring Module, a compliment to our Batch tool, manages your customer files on an ongoing basis, notifying you if changes to watch-lists are potential matches.
Alacra Compliance is a workflow tool that employs Alacra's sophisticated federated search technology across premium content, regulatory watch lists and the Alacra Compliance Web to help gather the evidence and create the documentation you need. This tool provides a framework for consistent application of your existing AML procedures and processes, incorporating your firm's guidelines into each search. By streamlining the on-boarding process and bringing together the majority of your research sources within a single application, this tool has proven to be an indispensable resource for compliance professionals.
In addition to Alacra Compliance Interactive, Alacra has recently launched the more automated Batch and Monitoring versions of Alacra Compliance. Alacra's Batch Module is a fully automated, secure process that checks your customer files against premium content sources and regulatory data files. This highly scalable process simplifies your on-boarding activities by making it easy to implement a risk-based approach to ongoing client remediation. Alacra's Monitoring Module, a compliment to our Batch tool, manages your customer files on an ongoing basis, notifying you if changes to watch-lists are potential matches.
- Ensures a consistent process on a global basis for every search, by every researcher.
- Supports and enhances your KYC and EDD workflow by expediting your data retrieval.
- Business logic is built in, dependent on entity type and geography.
- Auto-generates a PDF-based audit report containing relevant documents.
- Leverages information from websites, government watch lists, regulatory sites, news and specialized databases.
- Streamlines your on-boarding process.
- Alacra's Federated Search submits a single query to all your critical content sources, generating a single result set for watchlists, corporate and executive databases, premium news content, regulatory websites and more.
- Alacra's technology enables you to refine your searches to take advantage of the native search capabilities of each content source.
- Alacra Compliance can be configured to match your firm's compliance and AML policies.
- Alacra Annotator simplifies the process of capturing researcher notes, which can be uploaded to the Audit Report or passed to a case management system.