Financial Crime - FinCEN SAR Reporting

Effective and efficient monitoring of customer information and activity for connections to high risk money laundering and terrorist financing entities is among the greatest challenges confronted by financial institutions today. Detica NetReveal for watchlist management, sanctions and PEP (Politically Exposed Persons) screening enables companies to comply with internal requirements and national and international regulations using a single, adaptable enterprise wide-solution. Beyond meeting baseline requirements the solution can help protect an organisation’s reputation by effectively measuring risk and improve customer experience by minimising false positives. It achieves this in part through the use of scalable watchlist management and proprietary analytical entity matching capabilities.
Neil Katkov, Senior Vice President at Celent commented,
 “Watchlist filtering and sanctions compliance have become two of the most crucial areas of focus for financial institutions struggling to comply with anti-money laundering and counterterrorist funding regulations. Detica NetReveal has strong network analytics capabilities which aid in assessing the risk of associated entities and persons and it stands apart for its breadth of functionality in watchlist screening and sanctions compliance.”
The Breadth of Functionality category looked at advanced functionality provided in the base offering, number of functional components, specific features and functionality, analytics and rules, workflow and reference comments from customers on functionality and performance.
The report makes use of Celent’s ABCD Vendor View. In contrast to a simple four quadrant methodology, the ABCD Vendor View presents a comparative view of the vendor marketplace that visually represents four elements: Advanced technology and technical flexibility, Breadth of functionality, Customer base and Depth of client service.
Chris Green, Managing Director, NetReveal, BAE Systems Detica, comments:

“Detica NetReveal is committed to providing compliance solutions that not only allow our clients to check a box, but also support a truly effective anti-money laundering programme that meets business objectives and increasingly tough regulatory requirements. As political and financial events drive more serious scrutiny from regulators, watchlist and sanctions technology has to evolve to meet these challenges. This award recognises that the Detica NetReveal watchlist and sanctions module, as part of a broader suite of compliance solutions, ensures financial institutions have a robust and innovative technology platform to meet the manifold and complex compliance challenges.”
For further information on Detica NetReveal, please visit:
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Media Contacts:
Natasha Davies, Global Head of Media, BAE Systems Detica:

Natasha Davies
 Tel: +44 (0)20 7812 4274
 Mobile: +44 (0)7787 297 831
Rosemarie Esposito, Articulate Communications Inc. on behalf of BAE Systems Detica
Rosemarie Esposito
Tel: +1 212 255 0080, ext. 20
About Detica NetReveal
Detica NetReveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. The NetReveal suite of solutions combines predictive analytics with advanced social network analysis to identify suspicious behaviours more accurately than other solutions.
The power of our approach lies in the combination of specialist industry expertise with proven technology. We provide our clients with intelligence to more accurately assess the risk of the individual by better understanding the risk associated with the networks in which they operate. With over 130 clients across five continents, including six of the world’s current top 10 financial institutions, Detica NetReveal has a proven track record of tackling fraud, improving operational intelligence and reducing financial losses and reputational risk. Detica NetReveal, incorporating Norkom Technologies, is a business division of BAE Systems Detica.
For further information, please visit
About BAE Systems Detica
BAE Systems Detica delivers information intelligence solutions to government and commercial customers and develops solutions to strengthen national security and resilience.
Detica is part of BAE Systems, a global defence, aerospace and security company with approximately 90,000 employees worldwide.
BAE Systems delivers a wide range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. For more information, please visit