Case Study: Leading Caribbean Bank achieves faster AML regulatory reporting with CaseWare Analytics' AML Compliance solution

Regulatory Reporting Made Effortless For Leading Bank

Leading Caribbean Bank, a multi-country commercial bank with over 2,500 employees and USD $4.5 billion in assets, faced growing anti-money laundering (AML) compliance pressures after a series of acquisitions left it with disparate systems, poor data quality, no single customer view, and an inability to monitor high transaction volumes effectively. To meet tightening regulatory requirements and replace slow, manual reviews, the bank turned to CaseWare Analytics and its CaseWare AML Compliance solution for continuous monitoring and AML controls.

CaseWare Analytics implemented automated transaction monitoring, sanctions-list screening, KYC and data-quality management, and workflow/case management tightly integrated with the bank’s core systems. The solution enabled the bank to auto-populate and validate regulatory reports, screen customers in real time, resolve duplicate and invalid records, and manage remediation with an auditable workflow. As a result, the bank reduced report preparation from hours to minutes, simplified data extraction for more accurate reporting, shifted compliance staff to higher-value risk mitigation, and significantly lowered the compliance team’s workload.