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Date
04.04.2018 09:00 - 16:45
Price excl. VAT (CHF)
1'050.00
Location
Avaloq Evolution Corp.
Academy Room 2, 5th floor
Allmendstrasse 140
CH-8027 Zurich
Course description
The Anti-Money Laundering (AML) functionality of the Avaloq Banking System covers the requirements of the regulation against Money Laundering (GwV-FINMA, SR 955.033.0). The identification of the increased risk of money laundering focuses on the areas Know Your Customer (KYC), Know your Transactions (KYT) and Know Your Processes (KYP).
 
In the Avaloq Banking System, business relations can be assigned to specific risk categories based on a parameterisable-scoring model derived from static and transactional data, enabling the identification of customers with a potentially higher risk (KYC). Furthermore, the Avaloq Banking System supports the automatic monitoring of transactions based on a set of rules that can be set up according to the bank’s specific compliance requirements. This rule engine identifies transactions within a potential risk (KYT). A customisable workflow can be set up within the Avaloq Banking System to track, audit and maintain AML alerts and produce a set of reports that can be adapted to the customer needs.
 
This course focuses on parameterisation possibilities of the three described areas which allow the customisation of the Avaloq Banking System to the bank’s specific requirements. At the end of the course day, the parameterisation specialist will have a deep understanding of the concept as well as of the involved Tasks, Reports and Sources. The parameterisation specialist will also be able to implement the AML functionality at a customer site.
 
This course focuses on the Avaloq Person Model. The solution for the BP-Model is not taken into account in this course.
Objectives
Upon successful completion of this course every participant will:
  • Understand business and technical details of the AML solution
  • Know the parameterisation possibilities of the AML solution
  • Be able to implement the AML solution at a customer site
Target audience
Parameterisation specialists
Prerequisites
Before participation in this course, completion of “Fundamentals of Avaloq Customisation (ACP)” or  "ACCP with Major in Front / Core" is mandatory.
Course content
Introduction to the Avaloq AML Solution
AML – Object Modelling
AML – Consolidator
Know Your Customers (KYC)
Know Your Transactions (KYT)
Know Your Processes (KYP)
Duration
1 day
Availability
18 Available

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