Anti-money laundering

The Orion anti-money laundering (AML) service monitors transactions for unusual patterns, to detect account activity that may be reportable under the Anti-Money Laundering and Counter Terrorist Financing Act.

Indue’s flexible service delivery model allows clients to choose one of two procedures for dealing with a suspicious transaction: either the Orion team, or the client themselves, can commence data entry on AUSTRAC Online.

Orion also provides clients with a monthly report that highlights the number of accounts requiring further information, alerts processed, and events considered suspicious. Additional reporting is available at the client’s request. For example, data mining for specific transaction types, or sorting information stored in the data warehouse to reveal patterns for technical or marketing purposes.