AML Sectoral Service Centre
Sectoral data sharing is the main objective of the AML SCU.
This is a partnership venture between KIR and ZBP (Polish Bank Association) and banks to develop and provide a catalogue of services to support AML/CFT processes. The aim of the AML SCU is to improve the quality of AML/CFT processes through the exchange and sharing of information within the banking sector and to reduce the costs of the process by standardising and centralising certain activities. The AML SCU will analyse the sector data to provide banks with exhaustive information that cannot be obtained on an individual bank level.
What are the benefits for the bank from the AML SCU service?
Provide banks with information based on analysis carried out on sectoral data. The AML SCU data is unique and impossible for a single bank to obtain on its own.
Continued development of STIR-based services (together with data acquired for the Financial Information System - SInF), extended by the data feed from Elixir, Express Elixir and ZBP databases.
Increase in the efficiency of AML/CFT processes (especially onboarding and client monitoring) by providing high quality alerts and sectoral data.
Introducing common standards and centralisation of activities, processing of the wide range of data (allowing the introduction of new services) will significantly reduce costs and increase the quality of the processes.
- transactional scenarios exploring, on a sectoral basis, client relationships with e.g. high-risk countries, high-risk third countries of the EC, virtual currency exchanges, as well as entities or persons on reference lists (bank or the AML SCU),
- current reports transmitted to the banks' gateways (alert and operation files),
Projest Status:
- calibration and accuracy verification
- parameters setting and testing
- regular operational workshops.
- comprehensive sectoral information - product and transaction activity, periodic aggregates, including product type and transaction currencies,
- data from the sector, ZBP and public registers indicating the specific source,
- risks identified on the basis of personal (PEP, sanctions) and transactional relationships,
- counterparty profile and percentage of counterparty turnover per currency of operation,
Project Status:
- development works, internal tests,
- preparations for tests with banks in an online channel,
- agreement on the functionality of web applications.
- alert regarding the presence of the client on sanction lists,
- alert regarding the client's personal and transactional links to individuals and entities on sanctions lists,
- handling of individual bank reference lists,
- NEW INITIATIVE: scanning of domestic transactions.
Project Status:
- development works
- designing new scenarios
- internal tests
- conceptual work on the scanning of domestic transactions.