Compliance Solutions
Financial institutions are faced with a growing number of regulatory compliance requirements about financial crime. In Europe alone there are over 60 different regulatory and policy directives covering European markets. Some carry legal effect across the region whilst others have come into effect by national transposition. Good examples of the later are the national transpositions of the Market Abuse Directive and the 3rd EU Money Laundering Directive. It is a recognised fact that in order to comply with these regulatory regimes, financial institutions must find cost effective ways by which they can mitigate against the risk of being found regulatory deficient by their local regulator. Consequently technology solutions facilitate the prevention and detection of financial crime activities such as money laundering, sanction compliance (terrorist financing), internal and external fraud as well as instances of market manipulation and abuse such as insider trading.
In response to the regulatory requirements mentioned above, IMTF offers a suite of products to manage the risks associated with the need to comply with regulations and mitigate against fraud in its many guises. The aim is for financial institutions to comply with regulations, reduce their risk, lighten the administrative load involved with these processes and reduce the costs of compliance.
IMTF’s comprehensive offering in Compliance is based on Tonbeller's SIRON®XX platform and IMTF’s HYPERSUITE/5 product suite. The platform is built upon independent standard modules, all of which can be used as standalone solutions or integrated as a single platform.
