Complete Compliance with a One-Stop Solution
A complete, Best-in-Class AML solution
Know-Your-Customer and Due Diligence
Tax Regulations & FATCA Compliance
Siron®AML – for Complete Compliance
Our Compliance and Customer Due Diligence solutions, based on the « Siron® Anti-Financial Crime Solutions » from FICO, help fully comply with intensified regulations and to deploy a truly risk-based approach.
SironAML is a Best-in-Class solution to identify and report suspicious activities related to money laundering and terrorist financing, ensuring compliance to current regulations.
Tax Regulations Compliance
Through its flexible rule sets, SironTCR complies with both FATCA and the CRS requirements. The reporting component enables secure data transfer to IRS and national tax authorities.
KYC / CDD
The award-winning SironKYC provides Business Partner Due Diligence and complete lifecycle assessment of customer risk as part of your Onboarding process and ongoing customer monitoring. For Enhanced Due Diligence, please click here.
SironEmbargo is the “sanction filtering” module enabling the online screening of your SWIFT, SEPA and other payments against multiple watchlists.
Cockpit & Reporting
SironRCC (Risk and Compliance Cockpit) provides financial institutions and other organizations with a company-wide, complete overview of the status and the effectiveness of their activities in the fight against financial crime.
SironRAS is an application for the creation of an institution-specific risk/threat analysis, taking into account the business environment, the products, the processes, etc.
SironAML-Suite is a comprehensive suite of focused applications built upon a common technology platform. Through automating key processes it helps to lighten the administrative load involved with compliance and to reduce the costs of those processes.Michel Poss
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Siron®AML includes a true multi-list management for sanction, commercial, internal and other lists. It supports multi languages as well as multi alphabet and has pre-built filtering options. Loading and updates run automatically via standard connectors.
Case Management & Workflow
IMTF’s Collaborative Case Manager transforms silos into permeable decision-making processes by adding a collaborative dimension. The ICCM allows to identify, design, execute, document, measure, monitor, and control both automated and non-automated business processes. It helps to achieve consistent, targeted results in your AML and Tax compliance activities as well as in any other process like Onboarding Automation, credit approval, etc. It offers intuitive workﬂow design and compliant execution of predeﬁned processes and ad-hoc activities. IMTF’s CCM is entirely conﬁgurable graphically to your business context and processes with the Case Workﬂ ow Designer. Automated reporting (SAR / regulatory ﬁling /KPI’s / etc.) complements our offering. With ICCM, you will ensure 100% adherence to the business and regulatory requirements across departments, entities and geographies.
SironRAS is an application for the creation of an institution-specific risk / threat analysis, taking into account the business environment, the products, the processes, etc. The functional definition of threats in SironRAS is built upon the requirements according to the “guideline for generating a threat analysis / risk analysis” provided by some legal authorities in Europe and supports Anti-Money-Laundering officers with the complete and continuous management of a threat analysis.
Know-Your-Customer & Due Diligence
SironKYC provides Business Partner Due Diligence and complete lifecycle assessment of customer risk as part of your Onboarding process and ongoing customer monitoring. It offers Business Partner Screening (sanction scan / PEP check) and includes dynamic questionnaire capturing, ongoing checks, risk rating and workflow based case management. Watch-list management with standard adapters to all major databases is integrated. CEB Tower Group appraised this solution with two “Best-in-Class” accolades. It may be extended to ICOS, a fully automated Onboarding solution for guided and structured multi-channel capturing, automated formalities and suitability and risk profiles for every type of account and service.
Tax Regulations Compliance
SironTCR is the module for a successful & fast implementation of FATCA and OECD CRS tax reporting requirements at banks & insurances. This innovative module integrates seamlessly with your IT environments & helps to comply with IRS FATCA & OECD CRS regulations (Automatic Information Exchange). Through its flexible rule sets, SironTCR complies with both FATCA & CRS requirements. The reporting component enables secure data transfer to IRS & national tax authorities. The solution builds on several components:
- Automated identification, classification and documentation of new and existing customers
- Customizable Case Management and Workflow
- Electronic reporting
SironAML is a Best-in-Class solution to identify and report suspicious activities related to money laundering and terrorist financing, ensuring compliance to current regulations. It combines powerful analytics such as rule based data mining, profiling, behavior recognition and link analysis to reduce alerts to those with the highest relevance. SironAML gives Compliance complete control over the scoring process and includes case management and investigations. It is a highly flexible, scalable and quickly adaptable application, suitable for any size of organization. SironAML-Suite follows a risk-based approach; packaged offerings exist for all types of industries (banking, insurance, securities).
SironMM is the solution to support the market compliance activities of financial service providers to monitor, detect and prevent market manipulation and insider trading. All securities transactions are checked for regulatory infringements of laws and guidelines. Suspicious transactions and clients are detected and marked for investigation.
Sanction Screening & Watchlist Filtering
SironEmbargo is the “sanction filtering” module enabling the real-time screening of your SWIFT, SEPA and other payments against multiple watch-lists (OFAC, BoE, UN, World-Check, etc.) ensuring that individuals, groups and organizations on whom sanctions have been imposed can no longer access financial services, resources or instruments.
Cockpit & Reporting
SironRCC (Siron Risk and Compliance Cockpit) provides financial institutions and other organizations with a complete company-wide overview of the status and the effectiveness of their activities in the fight against financial crime. It consolidates and visualizes all information necessary in one management cockpit, delivering daily updated data of the Compliance and Risk Management activities. It allows the determination of the current status, shows need for action, gives users the possibility to determine specific key performance indicators (KPIs), their controlling and shows the effectiveness of the measures. Sensitive information such as data associated with clients stay on their system of origin, only accumulated information is transferred and then visualized in various pre-defined cockpit templates.