Financial crime report

QuantaVerse Financial Crime Investigation Report

What the QuantaVerse AI-enabled Financial Crime Platform discovers is documented and reported in QuantaVerse Financial Crime Investigation Reports (FCIRs).  Each of the QuantaVerse FCIRs meet the requirements for properly documenting, explaining, and detailing various types of AML investigations. In addition to cutting the time investigators spend clearing reports or filing SARs, FCIRs also increase the consistency with which SARs are reported, making audits faster and regulators more confident in an AML program.

Alert-based FCIR

Reporting on cases that have been triggered by TMS alerts, alert-based FCIRs show which alerts triggered the investigation and automatically pull rule descriptions directly from the TMS, reducing the need to search other systems. These reports include a snapshot of the volume and values associated with each violation; an in-depth risk analysis of related entities and counterparties; and narratives summarizing risks that the entity exhibited along with those for which it was cleared.

Entity-based FCIR

These reports explain risk associated with an entity of interest. Each analyzes and documents Reputation Risk, Monitoring Risk, Intent Risk, and Risk Segmentation for the focal entity as well as its related counterparties, helping guide investigators’ decisions and speed their work. The types of risk identified are scored and descriptions allow investigators to understand the reasoning behind the analysis.

Level 1 FCIR

Proven to reduce the average time spent on a level 1 alert investigation by over 50 percent, this streamlined FCIR expedites initial reviews of TMS alerts by providing exactly what is required to clear an alert or to determine that it warrants escalation to a senior analyst. This report leads with a high-level summary of the case, descriptions of violated rules, at-a-glance risk segmentation, and risk scores for reputation, monitoring and intent.

High-Risk Entity Report

A specialized type of entity-based FCIR, this report assists financial institutions in efficiently conducting periodic risk reviews. Key information presented in this report includes adverse media, jurisdiction, transactional relationships, typologies that indicate potential money laundering, and more. Risk segmentation offered in this report is established according to a bank’s established risk appetite. This report had demonstrated to more than double the efficiency of high-risk entity investigators while getting more complete and consistent analysis with fewer errors.

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