ComplyTrack for Creatio

Application ComplyTrack for Creatio helps make your compliance functions and processes easy, transparent and manageable.

Use cases:

ComplyTrack for Creatio provides a unique set of functions and electronic processes every organisation needs in order to combat money laundering and terrorism financing. Close relation of this app with other Creatio objects (processes, persons, documents) makes the process of compliance incident processing highly automated, provides any investigation with the full set of the necessary information, ensures control over execution of the decisions aimed at minimising compliance risks. The app can be used for automation of compliance with other requirements of the regulator (legislation, industry standards). Universal functionality of the app makes it a convenient tool in the internal control system of any company.

Key features:

• Incident registration
  Register compliance incidents manually or automatically (match with control lists, incidents import from external systems, automated registration of incident based on email sent to a specific email address).
• Digital investigation dossiers
  If necessary, initiate digital investigation dossiers (about incidents or scheduled inspections). Request, receive and store expert’s opinion, explanatory memos, documents and comments digitally in the dossier. Set up and use online processes for decision-making, approval and control of execution of decisions made in the course of investigation in accordance with the procedures adopted in your company.
• Pre-configured online processes
  Use standard online processes for ensuring client onboarding, transaction monitoring, client due diligence/enhanced due diligence (CDD/EDD), suspicious activity report (SAR) processes and regulator or third party request processing.
• Document management
  Create the necessary libraries and structured storage of important documents related to ensuring compliance (external regulatory documents, investigation documents, client’s documents – identification, registration etc.).
• Questionnaire management
  Create digital questionnaires for all types of clients and their representatives. Manage versions of the questionnaires. Manage amendments in the questionnaire data (including electronic process of acceptance of amendments). Use questionnaire data for defining client’s risk profile.
• Determining client’s risk score
  Use client’s risk score calculation mechanism that is based on client’s parameters, registered relations and questionnaire data. Set various values for separate risk factors for configuring optimal risk score calculation model that fits your company and complies with your business strategy.
• Checking matches with control lists
  Automated checking of match of all persons (clients, partners, employees, counterparties) in control lists can be carried out at a certain frequency (daily, weekly, etc.). If necessary, use the mechanism installed in the app for checking one certain person. This verification can be carried out in the course of client onboarding or under an investigation (incident or scheduled review).
• Ensuring control
  Use centralised incident, investigation and process registers for efficient control over the entire compliance process. Sort them by risk source or type, business process, employee in charge. Use search to quickly find the case or process you need and obtain exhausting detailed information (history of registration and processing, explanatory memos, expert’s opinions, comments, documents, decisions made and history of their execution). With an in-built board of reports track the dynamic of new incidents and other important indicators.