Fight money laundering with these

5 game changers from SAS

 3 4 5 6
Top 5 game chang-
A quick look at the Top reasons to ers in your move to Game changer 1
challenges of AML modernize next-gen AML

table of
contents
10 Game changer 2
13 Game changer 3
15 Game changer 4
17 Game changer 5
a quick look at the challenges of aml fight money laundering with these 5 game changers from sas

A quick look at the challenges of AML

Amid these dynamic financial crime threats, financial services orga-
An expanding global economy and rapid digitalization of funds have
nizations must find a cost-effective, efficient way to comply with reg-
bred high volumes of cross-border transactions at ever-increasing
ulatory expectations that evolve in response to money laundering
speeds. This digital transformation opens the door for criminal orga-
schemes. Simultaneously, they must strive to avoid reputational risks.
nizations, drug dealers and terror group operatives to run complex
Today’s environment prompts urgency to innovate and modernize by
money laundering and financing schemes while continually evolving
shifting to a next-generation AML solution. Financial organizations can
their modus operandi. At the same time, high false-positive rates
answer these needs with a sophisticated, robust solution that makes
have strained compliance budgets and stretched anti-money laun-
full use of data and analytics to plug the intelligence gaps inherent in
dering (AML) investigators’ capacities to the limit.
many organizations’ siloed processes.

SAS® Anti-Money Laundering was named

AML Solution of the Year in the Asia Risk Technology Awards 2020.

3
 top reasons to modernize fight money laundering with these 5 game changers from sas

Top reasons to modernize

Many factors drive organizations to modernize their approach to AML by adding new
capabilities to their arsenal of defenses – such as artificial intelligence (AI), machine learning,
intelligent automation and advanced visualization. Here are some of the top reasons to evolve:

An average of 95% false positives forces large Complex, evolving threats often go undetected by Regulatory authorities are starting to promote the
analyst teams to spend too much time processing traditional, rules-based systems. use of innovative technologies like AI and machine
low-value alerts. learning – and no one wants to be left behind.

Lack of a single view of the customer hinders you High compliance and operational costs take a heavy Clarity for regulators is lacking when there’s no
from fully understanding who you’re doing business toll on the bottom line. consistency across the organization for investigations,
with and getting a holistic picture of risk. decisions and reporting.

4
top 5 game changers in your move to next-gem aml fight money laundering with these 5 game changers from sas

Top 5 game changers in your move to next-gen AML

Getting to the next generation of anti-money laundering requires a tightly focused strategy supported by sophisticated analytics capabilities.
These five game changers will help you advance to next-gen AML:

A cohesive, high-performance software A comprehensive AML solution providing a

platform that combines and cleanses data full suite of integrated capabilities.
and accelerates the analytics life cycle.

Sophisticated analytics tools to optimize

AI-powered detection to enhance accuracy
your AML monitoring program.
and significantly reduce false positives.

An intuitive, configurable investigation platform

for faster decisioning and a single-entity view.

5
Game changer 1:
A cohesive, high-performance software
platform that combines and cleanses data
and accelerates the analytics life cycle
game changer 1 fight money laundering with these 5 game changers from sas

You depend on your AML investigators to

glean fast, accurate insights so they can make
data-driven decisions. To do it well, they
need a seamless, governed environment that
orchestrates and accelerates the full analytics
life cycle.
Unlike software platforms that are fragmented, with limited capabilities, SAS® is an
integrated, open analytics platform. Comprehensive in scope, it unites diverse skills,
technologies and data. SAS covers all aspects of the analytics life cycle – from data to
discovery to deployment. A powerful, in-memory analytics engine processes huge
data sets quickly while incorporating complex techniques like machine learning, deep
learning, neural networks and AI. So AML investigators can derive accurate, data-
driven insights that lead to trusted, consistent decisions and quick action.

DATA QUALITY AND GOVERNANCE DATA ORCHESTRATION

Data quality from SAS standardizes, deduplicates and corrects data to ensure
clean, accurate data for analytics. Data governance tools allow you to set
and enforce overarching rules that control how your organization collects,
manages and archives data. This helps you to quickly and easily import all
types of data, prepare it for analytics and resolve entities.
Seamlessly aggregate and cleanse internal and external data from all
relevant sources with a single, integrated data analytics platform. Then
rapidly transform and enrich multiple data types – including transaction
data, nonmonetary event data, geographic data, risk lists, third-party data
and a variety of customer information – to use in monitoring.

7
 The analytics life cycle represents the journey
The ganalytics
a mfrom life
n gcycle
e c h adata e to represents
r 1tangible results.the journey fight money laundering with these 5 game changers from sas
The analytics life cycle represents
from data to tangible results. the journey
from
SAS supports®
everydata
phase ofto
thetangible results.
analytics life cycle with capabilities that
help phase
SAS® supports every you achieve
of the all your analytics
analytics life cyclegoals.
with capabilities that
SAS supports every
®
help phase of the all
you achieve analytics life cyclegoals.
your analytics with capabilities that
help you achieve all your analytics goals.

Accessing, integrating and managing data well is the starting point for making solid, data-driven
decisions, building good analytical models and getting trusted results. SAS lets you access and
integrate virtually any type of data – regardless of source, size or speed. This is crucial to getting

DATA the insights you need to detect and prevent money laundering. And with SAS software’s prov-
DATA
DATA
Increase the productivity and speed of your analytics resources by
enhancing data quality and putting the proper controls in place.
Increase the productivity and speed of your analytics resources by
en data management capabilities, even nontechnical users can profile, cleanse and integrate
enhancing
Increase the data quality and
productivity andputting
speed ofthe proper
your controls
analytics in place.
resources by prepared data for the analytics pipeline. Our automated techniques create a seamless data
enhancing data quality and putting the proper controls in place.
discovery and data preparation experience for all levels of expertise.
Any data complexity, From traditional Streamlined
size or speed or emerging sources data preparation
Any data complexity, From traditional Streamlined
size or speed or emerging sources data preparation
Any data complexity, From traditional Streamlined
size or speed or emerging sources data preparation

To aid in the discovery phase of analytics, SAS provides rapid AI-powered analytics and au-
tomated learning, white box technology, continuous monitoring and surveillance loops, and
automated modeling. Our best practices are based on many years of experience and industry
DISCOVERY
DISCOVERY
DISCOVERY
Explore, visualize and build models with SAS, Python, R or Lua. Use whatever language
you want while benefiting from the computational power of SAS.
expertise. Using SAS, you can:
Explore, visualize and build models with SAS, Python, R or Lua. Use whatever language
you want
Explore, visualize andwhile
buildbenefiting from
models with thePython,
SAS, computational power
R or Lua. of SAS. language
Use whatever
• Accurately detect rare events and reduce false positives.
you want while benefiting from the computational power of SAS.
• Rapidly spot emerging threats.
Breadth & depth Programming language Analytics accessible
• Gain intelligence quickly.
of analytics flexibility to everyone
Breadth & depth Programming language Analytics accessible
of analytics flexibility to everyone
Breadth & depth Programming language Analytics accessible
of analytics flexibility to everyone

DEPLOYMENT The deployment phase of analytics puts your AML capabilities into action across multiple day-
DEPLOYMENT
DEPLOYMENT
Reap value from your data faster with a transparent, governed deployment process.
Save time with model management and a unified code base.
Reap value from your data faster with a transparent, governed deployment process.
to-day processes. You’ll benefit from case management and workflow, a user-friendly interface
Save your
Reap value from time data
with faster
modelwith
management and governed
a transparent, a unified code base. process.
deployment and intuitive dashboard, the ability to integrate a real-time decision engine, and custom rules to
Save time with model management and a unified code base.
improve investigation consistency.
Model Faster, easier Ability to build
management model deployment models once and
Model Faster, easier deploy
Abilityanywhere
to build
management model deployment models once and
Model Faster, easier Abilityanywhere
deploy to build
management model deployment models once and
deploy anywhere
Visit sas.com/platform to learn more about the analytics life cycle
Visit sas.com/platform to learn more about the analytics life cycle
Visit sas.com/platform to learn more about the analytics life cycle

© 2019 SAS Institute Inc. Cary, NC, USA. All rights reserved. 110801_G111030US.0819

© 2019 SAS Institute Inc. Cary, NC, USA. All rights reserved. 110801_G111030US.0819 8
© 2019 SAS Institute Inc. Cary, NC, USA. All rights reserved. 110801_G111030US.0819
 game changer 1 fight money laundering with these 5 game changers from sas

Top reasons to use SAS®

The SAS Platform promotes innovation and collaboration across a wide range of skill sets and experience – from data scientists and business analysts to application developers
and domain experts. With SAS, you can solve analytics problems of any size or complexity and rapidly deploy results. And because all analytical tasks are united in a centrally
managed, web-based environment, you won’t need to use different tools to handle different tasks. SAS can help you:

Orchestrate data analytics. With optimized workload processing and

pooled memory resources, SAS handles the biggest data sets and thou-
sands of models.

Embrace choice. Your analytics must adapt to a full spectrum of challenges

− infrastructure changes, modern and legacy data, and an evolving set of
business problems. SAS uses an extensive suite of proven methods, includ-
ing open source. This makes analytics accessible to anyone seeking insights
from data.

Maintain control. Your analytics environment needs to perform as designed

across the entire analytics life cycle. With SAS, you can share, reuse and
monitor analytics assets, providing a central, auditable path from start to
finish.

Accelerate results. By streamlining data preparation, model creation and

deployment – and ensuring governance – SAS helps you quickly turn data
into tangible, trusted results.

9
Game changer 2:
A comprehensive AML solution providing
a full suite of integrated capabilities
game changer 2 fight money laundering with these 5 game changers from sas

SAS empowers financial services organizations with

a sophisticated, end-to-end anti-money laundering
platform that provides transaction monitoring,
customer due diligence, sanctions and watchlist
screening, and regulatory reporting. The solution
supports advanced analytics capabilities – AI,
machine learning and robotic process automation –
to reduce investigation times and help you achieve
unprecedented prediction and detection results.

SAS Anti-Money Laundering can help you:

Improve detection accuracy. SAS applies a hybrid analytics

approach that combines industry-proven rules with advanced
analytics techniques. This significantly increases detection
accuracy, reduces false positives and improves suspicious
activity report (SAR) conversion rates.

Lower TCO. With SAS, you can minimize total cost of owner-

DEUTSCHE KREDITBANK AG COMBATS FRAUD AND

ship through cloud deployment options and application con-

MONEY LAUNDERING WITH SAS®

figuration. Meet changing business requirements and access
new data sources without developing custom applications.
And reduce compliance costs through sophisticated detec-
tion, streamlined investigations and a unified architecture. Learn how

11
game changer 2 fight money laundering with these 5 game changers from sas

Know your customers and employ due diligence

SAS provides customer onboarding capabilities to help you quickly verify and authenticate
customer information at account opening. Our risk-based, scalable approach covers the
complete customer life cycle – from initial onboarding to ongoing customer due diligence
efforts. As a result, analysts and investigators can review events on a continuous basis – as they
happen – instead of reviewing over longer intervals of time. Here’s how it works:

• Risk attribute scoring lets you flexibly map and manage multiple data elements
to build a more holistic picture of the customer and rank high-risk clients for

90%
immediate review.

• A SAR scoring attribute instantly places customers with filed regulatory reports
into a high-risk group for enhanced monitoring.

• Predefined workflows ensure adherence to standard processes and automate

reviews across the organization, while sophisticated visualization capabilities help
AML investigators quickly spot and monitor beneficial owners.

Screen customers and transactions against watchlists

reduction in false positives
Screen transactions and customers in batch against a wide variety of watchlists. Our superior SAS helps Landsbankinn reduce false positives
scoring algorithm − with organization-specific filtering rules, unique name matching analytics,
and streamline investigation.
multilingual screening capability and alert consolidation − generates high-quality hits with
low false positives.

Streamline regulatory reporting

SAS can speed and simplify investigation, reporting, validation and e-filing of all SARs and
OUR DIFFERENTIATOR
currency transaction reports (CTRs). Our software prepopulates fields and can automatically
validate that your reports meet regulatory compliance standards. You can augment out-of- Self-service, visual investigations. You can empower analysts with our user-friendly,
the-box scenarios, define CTR policies and configure detection thresholds based on your visual investigation platform that includes robotic process automation, integrated
needs. Flexible workflow management capabilities help AML teams seamlessly create cases case management workflows, alert hibernation, and automated alert prioritization.
and file suspicious activity reports to regulatory authorities.

12
Game changer 3:
AI-powered detection to enhance accuracy
and significantly reduce false positives
game changer 3 fight money laundering with these 5 game changers from sas

To uncover new schemes or detect increasingly sophis-
ticated tactics, you need more than rules and standard
analytics. You need sophisticated, adaptive techniques.
SAS builds AML detection on the latest machine
learning methods – deep learning neural networks,
extreme gradient boosting and vector machines –
as well as proven methods like logistic regression,
Combining AML techniques is far more accurate and effective than using just one type of
analytics or traditional, rules-based methods. With SAS Anti-Money Laundering you can:
• Capture “true positives” while reducing false positives. A hybrid approach to monitor-
ing transactions combines proven rules for detecting known risks with machine learning
and AI models to rapidly identify unknown risks and hidden relationships. This effectively
reduces false positives while uncovering the true positives.
•S
 tay transparent. Enterprise model risk governance practices require defendable
statistical methods, data validation, and effective challenge of scenario settings and
strategies. Through a white box environment, SAS Anti-Money Laundering supports

self-organizing maps, random forests and ensembles. clear explanations of alert generation and provides tools to analyze the distribution of
data and efficacy of monitoring strategies.

At a tier 1 global bank,

SAS deployed an ensemble of AI models with
customer sampling, which enabled the bank to
identify 89 previously undetected customers
operating as money service businesses.

14
game changer 3 fight money laundering with these 5 game changers from sas

HOW ADVANCED ANALYTICS DETECTS SAS® ANTI-MONEY LAUNDERING

MONEY LAUNDERING: HAS HELPED CUSTOMERS:

•D
 eliver up to 80% reduction in false positives.
• Achieve a fourfold increase in SAR conversion rates.

Supervised machine learning algorithms learn from •D

 ecrease tasks by up to 50%.
historical data, identifying patterns of interest that an
investigator might want to flag. •L
 ower the cost of compliance.
•R
 apidly discover hidden threats.
•S
 how a holistic view of the customer.
•S
 trengthen model governance.
Unsupervised machine learning examines data that does
not contain identified suspicious activities to uncover
anomalies and patterns of interest, as well as potential
risks you might not think to look for.

An Asia Pacific bank reduced false

positives by 33% when it turned
to gradient boosting and deep
neural networks to automate
Network analytics identifies paths, connections and alert reviews.
hubs that reveal patterns and social networks of interest.

15
Game changer 4:
Sophisticated analytics tools to optimize
your AML monitoring program
game changer 4 fight money laundering with these 5 game changers from sas

Most financial institutions have invested heavily in their transaction monitoring platforms. With SAS, you
won’t need to replace your existing AML monitoring program. Instead, you can optimize your program by
incorporating sophisticated analytics tools – significantly lowering compliance costs while increasing the
effectiveness and efficiency of your existing AML monitoring program.

SAS helps you quickly derive accurate insights from big data.
Analysts can test hypotheses, pose new questions and
simulate scenarios to help them make faster, better decisions.
TIER 2 BANK BOOSTS EFFICIENCY AND
EFFECTIVENESS OF AML MONITORING
Our analytics tools enable you to:

• Perform intelligent customer segmentation by running

out-of-the-box, unsupervised machine learning algorithms
for smart peer groupings, improved coverage across
customers and/or accounts, increased productivity and
significant reduction of false positive alerts.
• Efficiently resolve entities. Quickly look at multiple data sources
and references to a customer, accounting for inconsistencies,
errors, abbreviations and incomplete records to help determine
whether they relate to the same entity.
WITH SAS
A tier 2 regional US bank wanted to modernize its rules-based
AML transaction monitoring system. But its library of 200 transaction
monitoring scenarios was hard to manage. The bank needed to
reduce the volume of low-value events, address gaps in coverage
and improve SAR conversion rates. Its original rules-based scenarios
used only six to 12 variables. After deploying a SAS neural network
model to replace 10 cash activity scenarios, data scientists noted
that the new model could use 75 to 80 variables more to detect

• Run scenario simulations in rapid succession to rapidly potentially suspicious cash activity.

validate and optimize various monitoring strategies so

they can be deployed quickly. You can:

o Perform scenario effectiveness reviews.

o Conduct what-if analysis on scenario thresholds.
o Use above-the-line and below-the-line threshold tuning.
o Run ad hoc lookbacks.
• Create predictive models with assistance from supervised
machine learning algorithms, helping to free investigators’ time.
With SAS, some customers have trimmed the time it
takes to classify and analyze trade documents from
700 hours to a matter of minutes. Others have been
able to scan 9,000 SWIFT messages for words
associated with money laundering or terrorism in
less than a second per message.

17
Game changer 5:
An intuitive, configurable investigation
platform for faster decisioning and a
single-entity view
game changer 5 fight money laundering with these 5 game changers from sas

SAS Anti-Money Laundering offers integrated, cloud-ready alert and case management so you can identify,
investigate and report suspicious activities quickly and efficiently. Its self-service capabilities let you govern
the complete life cycle of your AML investigations. Use a drag-and-drop page builder and configure settings,
views and workflows to tailor the application for unique business or user requirements.
An easy-to-use visual network viewer backed by powerful intelligence analytics allows AML investigators
to interactively explore entire social networks and their layout to make faster decisions. They can ex-
pand or trim the network, explore communities and individual relationships, and expose obscured
SAS was ranked ‘best-in-class’ in Aite
patterns and hidden connections. Interactive entity resolution delivers a highly accurate picture of
the entity and its complex relationships. Entity analytics highlights potential areas of interest – showing
Matrix: Case Management to Combat
entity closeness, betweenness and influence. Global Fraud and Money Laundering.
“SAS eclipsed the other competitors in
On average, 60% to 70% of investigators’ time is spent collecting data for an
offering all the features and functionality
entity. Even more time is spent deciding where to focus and in preparing suspicious
activity reports. Using intelligent automation for data collection and case needed as well as expected in an
enrichment, SAS customers have reduced time to decision by 20% to 30%. enterprise case management solution.
It is leading-edge on adding capabilities
to improve its case management solution
OUR DIFFERENTIATORS and ensuring the products meet [financial
institutions’] needs.”
Advanced network visualization. Network analytics helps you to quickly uncover
complex, hidden relationships that require deeper investigations.
Aite Matrix: Case Management to Combat
Global Fraud and Money Laundering

Intelligent alert prioritization. Supervised machine learning algorithms triage

alerts that warrant investigation and hibernate low-value alerts – so investigators
can focus on truly risky activities.

19
 game changer 5
You can import data, perform advanced searches, and
apply temporal or geospatial methodologies to identify
key patterns, connections, people and suspicious events
hidden in complex data. Alerts are intelligently prioritized
for expedient triage, investigation and disposition.
Plus, SAS automatically captures governance, audit
and compliance details to ensure transparency.
With SAS, you can:
• Expose hidden risks quickly. Empower your AML
analysts and investigators to spot linked entities in real
time. SAS Anti-Money Laundering offers a unique
visualization interface that incorporates real-time net-
work and entity generation processes to automatically
build network diagrams, resolve real-world entities and
uncover hidden relationships based on the latest data.
So AML investigators can immediately view associated
customer information across lines of business in a
consolidated place – for a holistic view of potential risks.
• Improve operational efficiency. A single visual investiga-
tion platform with self-service capabilities intelligently
prioritizes alerts to help your AML teams significantly
boost operational efficiencies. SAS supports a flexible
data model and allows administrators to configure the
application to meet their business requirements. This
includes designing the pages used to display data and
workflows to control operations. You can use configu-
rable pages, settings, views, and predefined or custom
workflows for faster, more efficient investigations. SAS
Anti-Money Laundering also applies robotic process
automation to investigations, reducing case review
times by 20% to 30%.
fight money laundering with these 5 game changers from sas
A leading global financial services group was able
to combat correspondent banking risks with SAS
Anti-Money Laundering.
The organization used SAS to:
• Create global compliance IDs for customers and gain greater insight
into traditionally limited customer behavior. Through fuzzy matching
algorithms, the bank now has a single view of the customer and
greater visibility into each entity and its relationships.
• Establish a standardized detection methodology that keeps analysts
focused on decisionmaking rather than information gathering.
• Address the regulatory challenges of model governance with
transparent SAS models.
A tier 1 global bank used machine learning
to drive automation of due diligence
document reviews, reducing the effort from
two weeks of staff time to less than a minute.
With SAS, a top 10 global
bank achieved more than
90% model accuracy in
detecting trade-based
money laundering risks –
and a 25% increase in
operational efficiency.
20
 SAS has used sophisticated, adaptive analytics techniques to help
customers fight financial crimes for decades. Powered by AI, machine
learning, robotic process automation and advanced visualization
capabilities, SAS Anti-Money Laundering can change your game
plan as you move to next-generation AML.

Learn more at: sas.com/anti-money-laundering

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To contact your local SAS office, please visit: sas.com/offices

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2021, SAS Institute Inc. All rights reserved. G153969_0221