SAS updates terrorism package
CARY, NORTH CAROLINA – IT firm SAS has announced the release of a new version of an anti-money laundering detection software package, SAS Money Laundering Detection, to help banks meet government regulations.
According to an SAS spokesperson: "The new version of SAS Anti-Money Laundering provides updated analytical tools for detecting unknown types of behaviour, enabling banks to better display the flow of funds between accounts so they can be more effective in identifying suspect relationships and high-risk accounts."
"The advanced analytics offer scenarios that detect variances against normal behaviour and expected activity, allowing banks to easily identify accounts having similar transaction
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