LogicManager’s compliance software breaks down silos and ensures that the policies and procedures set in place to fight crime touch the front lines, where this crime often takes place. When information can be collected and aggregated across the organization, as well as across geographic areas, trends can be identified and suspicious activities flagged for investigation and remediation. LogicManager assists organizations in remaining compliant and identifying gaps using a number of resources including:
Compliance Frameworks: LogicManager’s pre-built frameworks, including the BSA Management Framework help you break down the regulation into separate line items and identify the areas you have covered and those you need to improve on.
Centralized Platform: Knowing the data your business collects, where it’s kept, and what it’s used for requires engagement. Communicating between subject matter experts is easy and efficient within LogicManager’s centralized system and out-of-the-box risk assessments.
Risk Assessment Templates: LogicManager provides pre-built, customizable risk assessments, including both the BSA Risk Assessment template and Anti-Money Laundering (AML) Risk Assessment backed by automated workflows so you never lose sight of an incident. Notify appropriate personnel of non-compliance and security risks and ensure they’re remediated in time.
Checklists and Questionnaires: Identify gaps using The Wolfsburg Group’s Anti-Money Laundering Questionnaire aimed to provide guidance for the management of financial crime risks, particularly with respect to AML, Counter Terrorist Financing policies, and Know Your Customer Laws.
Reporting Engine: Report your compliance status to regulators using LogicManager’s award-winning reporting capabilities that drastically reduce time and money spent on manual reporting. Generate pre-built compliance reports with a click of a button, or create custom reports with the help of your advisory analysts.