Risikotek
The Anti-Money Laundering Experts

The Power of Financial Crime Intelligence

In anti-money laundering and compliance, the experts at RisikoTek underscore the importance of identifying and combating financial crime through complex datasets, such as trade data or transaction data. RisikoTek’s AMALIA has been specifically designed and developed to eliminate all the low-value work out of the investigation and glean the most profound insights seamlessly and quickly. Backed by an easy-to-use data analysis module, the company’s in-house Financial Threat detection platform is offered as a subscription service to build global company networks at a click of a button. AMALIA also eliminates the need to hire a dedicated data analysis team and can be operated by regular employees.

With AMALIA, non-tech savvy investigators can harness the power of intuitive data analytics and complex data query written in plain English. They can seamlessly sift through millions of records in multiple data files all at once and gain insights into a criminal’s activities. Investigators can tap into more than 300 million global company records, an extensive library of red flags, and their detection queries. AMALIA also comprises a powerful data analytics engine that allows users to run investigations on their own set of proprietary data. Once the platform identifies and presents insights on entities involved in sanctions, it can be leveraged further to dive deeper and find related information, such as the persons of interest, criminal’s accomplices, and more.

Users company-wide can collaborate seamlessly on the platform using the case management feature With such unique and easy-to-use features, AMALIA allows investigators with no prior knowledge of data analytics to perform advanced analytics on any set of data within a matter of hours rather than months. The platform enables users to stay abreast of the ever-changing financial crime compliance landscape. Small and medium-sized companies can augment their capabilities and efficiency significantly by performing KYC, Client Due Diligence, Enhanced Due Diligence, Client / Transaction Monitoring, Risk Assessment for targeted compliance requirement with AMALIA.

The uniqueness of AMALIA stems from the customization it offers for specific client needs. In order to help clients find the right solution for their organization, RisikoTek customizes AMALIA to meet diverse needs in corporates, financial services, law enforcement and government agencies, professional services, import/export, and public sector.

The Advanced Approach to Anti-Money Laundering

A typical investigation using AMALIA starts with the foremost step: Follow-the-Money. This phase involves consolidating on-ground investigation and Google search results, followed by relevant trade/transactional data. The focus is identifying the red flags and guiding clients in approaching law enforcement entities for legal action. At the core, as the newest deep-tech technology, AMALIA equips organizations with unmatched data ingestion, advanced data analytics, network analysis, typologies, entity resolution, and more. The platform’s data preparation module enables faster ingestion of structured and unstructured data from disparate sources. The advanced data analytics module comprises algorithms that focus on detecting known financial crime patterns and anomalies to identify criminal activities. The company’s global network allows discovering and analyzing non-obvious relationships across diverse entities, individuals, transactions, and behaviors. For addressing human trafficking or even complying to regulatory demands, AMALIA’s library of financial crime typologies can be used, whereby theory translated into algorithms for data sets is ready for use. On this network, investigators can also connect to entities and individuals for managing and integrating diverse data sources and formats.

At a time when money laundering constitutes 2 to 5 percent world’s GDP, approximately $3 trillion to $5 trillion per year, platforms like AMALIA have been a game-changer for businesses. With trade-based money laundering, organized crimes, and human trafficking taking over trillions of dollars per year, RisikoTek’s platform has evolved as one of the leading, easy, flexible, and scalable solutions in the market. In a nutshell, the company is squarely focused on delivering actionable outcome, identify anomalies and detect suspicious behavior and curb financial crime as the world around us continues to change.