Global Investment Bank
Anti Money Laundering Detection Reporting

Business Challenge

The core of the Anti-Money Laundering (AML) platform was built using products developed by Mantas, Inc. In turn, the Client had developed a transitional solution named “Plan B” System Reporting. Due to a corporate wide consolidation and a reduction in workforce, a limited knowledge and understanding of this system had led to a knowledge gap. Acumen Solutions was asked for a detailed systems analysis and understanding of the current system and its output.

The Solution

"Improved efficiency by identifying 30 duplicate report processes.

Eliminated false positive results by enhancing SQL queries."

Acumen Solutions defined a thorough business process to investigate The Client’s compliance division’s reporting needs, coupled by detailed documentation, which outlined the firms “Plan B” system in detail. The work product resulted in a complete understanding of system functionality and its alignment with the current compliance division’s business responsibilities. Acumen Solutions provided a detailed systems analysis consisting of:

  • A complete and thorough systems analysis outlining the system and its architecture
  • A duplication of process assessment
  • A systems performance and efficiency enhancement recommendations

Technical/Business Expertise

The following technical and business expertise was applied on the project:

  • Verbal and written communication expertise for SME interviews.
  • Technical documentation expertise to document SQL, VB code and Oracle packaged procedures
  • Business process expertise – to manage and guide business expectations

Return on Investment

The following outlines the benefits and ROI that Acumen Solutions provided on this project:

  • Identification of 30 AML reports being duplicated by other system and business processes
  • Elimination of false positive results by enhanced SQL queries
  • Validated and corrected all data content (sensitive country data used for hits)
  • Provided detailed future enhancements to enable user interaction and future system scalability

Global Investment Bank: Anti Money Laundering Detection Reporting (PDF)