The Hong Kong Monetary Authority (HKMA) has published a series of guidelines regarding anti-money laundering and countering of terrorist financing. To comply with these, financial institutions are required to remain vigilant for accounts that may be linked with terrorists or involved with money laundering activities, and report suspicious accounts to the HKMA.
SAM is an easy to use and highly cost-effective system to help financial institutions to detect and report suspicious accounts in order to prevent them from potential violations of the guidelines administered by the Hong Kong Monetary Authority (HKMA). SAM is a modular System that supports name checking, transaction monitoring and SWIFT message monitoring.
SAM System features:
Chinese version available
Support double byte character in name checking
Support multi currency transaction checking
SWIFT interface ready
Match user selectable data fields
User define name checking task and schedule
Perform very fast and accurate interactive online and scheduled checking
Produce a number of matching parameters that can narrow or broaden your matching results
Results sorted by Match Scores based on similarity measure effectively quantifies the quality of a match
Utilize intelligent comparison routines (i.e. fuzzy, phonetics & token) to overcome character and phonetic variations
Use much superior phonetic match technology when compared to the existing algorithms (e.g. Soundex, Phonix, Metaphone K)
Matched results can be exported to Excel spreadsheet for further analysis
Allow to exclude some specific customers from checking to increase the quality of matching while minimizing input/output expense
