Financial crime report
QuantaVerse Financial Crime Investigation Report
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.
Reporting on cases that have been triggered by TMS alerts, Level 2/3 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.
High-Risk Entity Report (HRER)
The High-Risk Entity Report is an entity-specific FCIR, assisting 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.