“Logica is a great partner. Working with their experts has been a good experience.” Marcelo Vilaça IT Director, RTM
What RTM needed
Estimates vary, but most experts would agree that between US $500 billion to US$1.5 trillion of money is ‘laundered’ globally on a yearly basis. Most of it comes from drugs and organised crime. This ‘dirty’ money is then moved through a series of seemingly legitimate transactions with the aim of making its origins untraceable: in effect, of ‘washing it clean.’
Payments filtering is one of the most powerful weapons in the fight against money laundering. Rigorous scrutiny is vital, and every transaction has to be checked against known information, or watch-lists, to look for telltales signs of unlawful activity, such as the alias names or accounts of known criminals and blacklisted organisations. |
Download
RTM'S Success story |
