AML Analytics’ ORBS solution wins at the Central Banking Awards 2024

AML Analytics has been honoured with the award for Best Risk Management Initiative. This recognition comes on the heels of the innovative development of a platform designed to enable supervisors, regulatory authorities and corporates to swiftly identify which regulated entities are adhering to the requisite anti-money laundering (AML) standards. Named ORBS, this cutting-edge system assigns a risk score to entities, leveraging a specific set of criteria and the answers provided by these entities to inquiries from their overseeing bodies.

Governments, FIUs and regulatory authorities striving to address the designation as a ‘grey-listed’ country by the Financial Action Task Force, have adopted ORBS as a key component in their regulatory strategy as a risk analytics solution. ORBS is celebrated for its capacity to facilitate the identification, analysis, and mitigation of risks among supervised entities as well as within non-financial professions and businesses as the ultimate tool of sustainable supervision for regulatory authorities. It achieves this through a unified and user-friendly interface, significantly enhancing the effectiveness of AML and Counter Financing of Terrorism (CFT) protocols.

Justin Holder, the group chief executive here at AML Analytics, lauds ORBS for elevating the standards of AML/CFT compliance across the board:

“ORBS provides the detection, analysis and remediation of risks across supervised entities and designated non-financial businesses and professions through a single intuitive interface, driving up performance of AML/CFT standards.”