The Challenge
A leading financial institution was under mounting pressure to streamline its Anti-Money Laundering (AML) processes in response to evolving regulatory standards and increasing transaction volumes.
Despite having tools like FinScan and ComplyAdvantage in place, their workflows were:
- Fragmented across compliance and IT systems
- Prone to false positives and manual escalations
- Lacking full traceability and audit readiness
- Difficult to scale with growing data volume and new client onboarding demands
They needed more than just tools — they needed a cohesive, intelligent AML ecosystem.
Our Role
Hacktak partnered with both the Compliance and IT departments to analyze, re-architect, and enhance AML detection and screening workflows. Our goal: to ensure real-time efficiency, regulatory robustness, and long-term maintainability.
Key Actions
1. Cross-Functional Workflow Audit
We mapped the existing AML journey from end to end — from client onboarding to transaction monitoring — identifying manual breakpoints and logic redundancies.
2. FinScan & ComplyAdvantage Integration
We built unified connectors between FinScan, ComplyAdvantage, and internal case management tools to automate name screening, sanctions checks, and PEP matching.
3. Custom Risk Scoring Engine
We developed a dynamic scoring logic that adjusted risk based on country, transaction pattern, client profile, and alert history — reducing false positives by over 40%.
4. Traceability & Compliance Layer
All screening decisions, overrides, and escalation steps were tracked with full audit logs, making the system ready for regulatory inspections and internal audits.
Results
✔ 50% reduction in manual alert reviews
✔ Improved SLA compliance for onboarding and periodic reviews
✔ Real-time alerting and prioritization, enabling faster escalations
✔ Integrated dashboards for Compliance and IT teams to monitor AML flow health
✔ Future-ready for DORA, NIS2, and enhanced KYC obligations
Takeaway
Effective AML is not just about using powerful tools — it’s about orchestrating people, systems, and decisions in a seamless, auditable flow.
With Hacktak’s collaborative approach, this institution transformed compliance from a burden into a business enabler.
Do your AML workflows slow down onboarding or increase operational risk?
Let Hacktak help you rethink, retool, and reinforce your compliance capabilities.