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CHURCHTON, Md. – BANKDetect LLC, a privately-held knowledge-based technology company focused on loss prevention and compliance for financial institutions, has expanded its RiskTracker-AML and RiskTracker A3 (Account Activity Analysis) solutions to enhance functionality and include additional analyses and risk indicators. They better ensure that financial institutions have effective protections against evolving fraudulent activities. RiskTracker-AML is a transaction monitoring system that identifies money laundering risk and other suspicious activity. Its enhancements include analyses of loans, politically exposed persons, non-resident alients (NRAs), employee accounts and same address accounts. The loan analysis includes “RiskIndicator” analysis modules that perform a variety of independent or interrelated analyses on cash payments, early pay-offs and payments larger than expected. The enhanced solution also enables financial institutions to automatically generate suspicious activity reports (SARs) and counter-terrorism reports, and attaches documents to the internal case management system. RiskTracker-A3 is an advanced transaction monitoring system that uses a broad range of fraud detection functions to analyze daily transactions and identify high-risk behavior. Its enhancement includes the analysis of general ledger transactions, to monitor a financial institution’s internal activities, and “RiskIndicator” analysis modules.

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