"SEON is a perfect tool as everything can be found in one place. I can't imagine a day working without it. SEON saves me a lot of time and effort."
Financial institutions have to monitor transactions as part of their anti-money laundering efforts. But you can use the same tools to catch strange behavior, block suspicious interactions and protect customer funds in the event of unauthorized access to an account on any platform. Avoid unauthorized withdrawal of funds, spot strange user behavior and block fraudulent orders.
Failing AML compliance can result in fines of hundreds of millions of dollars and prison terms.
Manually monitoring customer interactions is limited in scope and resource-intensive without automation.
Fraudulent transactions and orders result in reimbursement damages and reputation damage.
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Create custom rules easily to monitor suspicious transactions in SEON's rule engine. Open our Admin Panel to define no-code rules on the fly and test them in a sandbox or against recent transactions. Set up simple rules that trigger based on transaction amount, or comprehensive velocity rules that monitor suspicious user behavior.
Stay in control while benefitting from the speed, flexibility, and transparency of SEON's machine learning tools. Use our whitebox model to recommend rules that block suspicious activity based on your transaction history. Roll out another layer of anti-fraud defense with our blackbox algorithm and catch fraud that human eyes won't spot easily with explainable decision-making.
Augment automated transaction monitoring with SEON's AML screening tool to maintain compliance. Monitor PEP & RCA, sanctions, crime and watch lists to block sanctioned and high-risk customers. Create rules based on AML screening results to make SEON your central anti-fincrime solution.
Transaction monitoring is a key part of the anti-money laundering (AML) process. SEON has key features you need to actively log, flag and even block suspicious transactions and users, and work towards compliance.
Create risk rules to instantly mark transactions from sanctioned countries or those that go over the AML monitoring threshold. You can even look at sudden increases in spending, or overly regular deposits that could indicate illegal activity.
Our reporting function makes it easier to capture extra data in order to create suspicious activity reports (SARs). Best of all, SEON’s machine learning algorithm can even suggest better AML transaction monitoring to improve your compliance in the long run.
Combined with our AML screening tool, SEON gives you a sophisticated compliance toolkit designed to prevent fines, meet regulatory requirements, and generally run safer operations online – regardless of your vertical.