Anti Money Laundering System (AMLS)
A Compliance-Focused Solution for Transaction Monitoring & Regulatory Reporting
Overview
01
- The Anti Money Laundering System (AMLS) by Advanced Software Development (ASD) helps financial institutions comply with Bangladesh Bank and international AML regulations (FATF, BFIU).
02
- The system automates cash transaction reporting (CTR) and suspicious transaction reporting (STR), including monitoring of cash deposits/withdrawals above BDT 1,000,000.
03
- With KYC integration, risk scoring, and a real-time monitoring engine, AMLS ensures transparency, compliance, and early detection of financial crimes.
Key Features
- Customer Due Diligence (CDD/KYC)Automated verification and onboarding checks.
- Risk Assessment & ScoringConfigurable risk matrix to evaluate customer profiles.
- Transaction Monitoring (TMS)Real-time analysis of large deposits, withdrawals, and unusual patterns.
- Suspicious Activity Reporting (SAR)Automated CTR, STR, and SAR generation for Bangladesh Bank submission.
- Blacklist/Watchlist ScreeningIntegration with domestic & international sanction lists.
- Dual Control MechanismData validation, error detection, and approval workflows.
- Case ManagementEnd-to-end investigation tracking and audit logs.
- Error HandlingCaptures central bank error feedback and resubmits corrected data.
Benefits
Regulatory Compliance
Full alignment with BFIU guidelines and FATF recommendations.
Risk Mitigation
Detects and alerts suspicious activities in real-time.
Automation
Reduces manual workload and reporting delays.
Transparency
Dashboards with Key Risk Indicators (KRIs).
Efficiency
Automated CTR/STR submission with dual control.
Highlights
- Real-time suspicious activity alerts & automated workflows.
- Real-time suspicious activity alerts & automated workflows.
- Integration with porichoy.gov.bd and KYC registries.
- Configurable risk matrix & fraud prevention rules.
- Audit-ready reporting and error correction process.
- Outward Clearing
- Inward Clearing
- Positive Pay Automation
- OCR and Dynamic Report Engine
- House Transfer Cheque Processing
Technology Stack
Client Success Story
Standard Chartered Bank
“Standard Chartered Bank has implemented ASD’s Anti Money Laundering System (AMLS) to automate CTR and STR submissions in compliance with Bangladesh Bank regulations. The solution has streamlined our monitoring processes, ensured timely reporting, and enhanced fraud detection capabilities. ASD’s expertise and responsive support have been instrumental in strengthening our compliance framework.”
Standard Chartered Bank
“Standard Chartered Bank is using the Cheque Processing System (CPS) developed by Advanced Software Development (ASD). We are very satisfied with the services provided by ASD’s support team, offered whenever required. We congratulate ASD for delivering such a wonderful software and excellent performance.”
Frequently asked Questions
Q1: Does AMLS comply with Bangladesh Bank regulations?
Yes, it generates CTR, STR, and SAR reports aligned with BFIU circulars.
Q2: Can it detect suspicious activity in real-time?
Yes, it uses a configurable rule engine and alerts compliance officers immediately.
Q3: How does it handle errors in submission?
The system captures central bank error reports, corrects data, and resubmits automatically.
Q4: Does it integrate with core banking systems?
Yes, via secure APIs to fetch transactions across branches, ATMs, and digital channels.
Q5: Is it scalable for large banks?
Yes, the platform supports high TPS with microservices, load balancing, and clustering.
