An effective tool against money laundering

Having an intelligent electronic invoicing system can also help you to comply with anti-money laundering and terrorist financing regulations more efficiently. Learn how we do it.

Having a good electronic invoice technology provider can generate opportunities in many areas of the business. For example:

Verify in each transaction whether the customer to whom the bill is made or the provider that bills represents a risk of contagion due to being involved in money laundering, terrorist financing or transnational bribery activities.
By identifying suspicious transactions, you can easily comply with the obligation to report them to the proper authorities.

With the current model, the diligence is carried out by the compliance officer almost manually: he reviews each of the transactions, their amounts, and if there is evidence of risks, he refers them to the authority as suspicious operations.

In alliance with Konfirma, Cadena can automate this process by incorporating a restrictive list query module into the electronic invoice platform to generate suspicious transaction reports to the authorities in real time.

Today Konfirma speeds up the work of the officer by making these inquiries in restrictive lists and sending the reports to the compliance officer. And that process, integrated with electronic invoicing, can be even more agile.

Beyond compliance

Not all companies are required to report suspicious transactions, but it is necessary to monitor the risks in relationships with suppliers, customers and other stakeholders.

Konfirma is an information manager that generates sophisticated knowledge to make decisions so that the client, based on his risk tolerance, determines actions with each of his interlocutors.

Checklist verification is a basic level of review, but deeper levels can be developed to protect organizations from various risks, including reputational risk.



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