Following the recent financial crisis and the raising risk of terrorism, the Basel Committee on Banking Supervision reviewed the regulatory requirements and developed a new strengthened regulation: Basel III (International regulatory framework for banks). The AML regulation demands the registration of specific financial operations whose contents are audited during the inspections of Central Banks or other Authorities.
SHERLOCK is a web-based application suitable for all Financial Intermediaries subject to anti-money laundering laws, who can rely on a powerful tool able to investigate on billions of registrations saved in the Institution’s database over decades. SHERLOCK ensures compliance with the applicable law and independence from the IT. Application security and system security are perfectly integrated in this product.