According to the company, STB-Detector offers the proactive AML, fraud and market abuse detection with advanced event checking to improve the management of an institution’s risk policies and address the ever changing regulatory requirements.
The company claims that STB-Detector helps combat the challenges facing compliance officers of identifying potential crime exposure based on their risk-based policies and capturing all of the vital information needed to support investigations. STB-Detector’s advanced event checking is expected to deliver specific red flag alerts with detailed data to enable compliance officers to guard against money laundering risks, potential terrorist financing activity, and other fraudulent transactions to protect their financial institutions from financial loss and reputational harm.
John Wisbey, CEO of Lombard Risk, said: I’m delighted that we’ve expanded our STB-Detector solution to solve a broader range of global money laundering risks and other financial crime challenges for our clients. This latest release of STB-Detector will enable Lombard Risk to continue our remarkable year of growth by allowing our clients to further augment their KYC, KYE and KYB compliance risk management programs with a flexible solution that automates policies to allow for more integrated and transparent monitoring, case management and FIU reporting.
