Searchspace has launched the fourth generation of its anti-money laundering software, AML Sentinel Version 4.0.
The new version of the package is available immediately with shrinkwrapped editions for retail, corporate, private and correspondent banking as well as for brokerage firms and insurance companies.
The London-based firm says the new functionality will help institutions comply with recently enacted AML laws, such as the USA Patriot Act and the UK Proceeds of Crime Act.
First launched in 1997, this latest version of Sentinel upgrades overall operational efficiencies and enhances a number of features, says the vendor, including customer level alerting, consolidation of multiple alert sources, expanded pattern detection and streamlined electronic regulatory reporting.