Clari5 Regulatory Reporting Application
Simplify your FIU-IND FINnet 2.0 Compliance Reporting
Clari5 Regulatory Reporting Application
Clari5 Regulatory Reporting Application (CRRA) assists Reporting Entities (REs) in complying with the newly introduced regulatory reporting standards of national importance. CRRA helps reduce the burden on REs by migrating to FINnet 2.0 reporting standards and redefines the process of collecting, validating and processing the data to gather more intelligence by detecting patterns related to money laundering and illicit fund flows.
Highlights
Advantages
Highlights
- Can be integrated with existing AML system or deployed as a stand-alone application
- Data Ingestion from various source systems of the FI
- UI for report generation and tracking generation of .zip files per report type
- Supports UCIC-based reporting
- Data validations according to FINnet 2.0 validation rules (Includes Metadata, mandatory checks, etc.)
- Support for a wide variety of Reporting Entities (REs) and lines of business
Advantages
- Generate alert-based reports (STR) and periodic reports (CTR, NTR, CCR, CBWTR)
- Fetch information from REs various source systems and transform into required formats
- Integration with the RE’s Case / Alert Management system to fetch real-time details for alert-based reports
- Run applications using user-friendly GUI to generate periodic reports
- Generate output files (.zip) containing multiple reports, per report type, in bulk mode
- Support for various RE classifications, lines of business, report types, and transaction types