why fiu 360
The AML/CFT requirements established by international standards, such as the FATF recommendations and the United Nations Conventions, place significant demands on Financial Intelligence Units (FIU). FIUs are responsible for gathering financial disclosures from accountable institutions under the AML/CFT Act, enriching the collected data by obtaining intelligence from non-financial sources, analyzing the information, and creating an intelligence package to guide investigations into potential offenses that generate illicit proceeds of crime. To automate the above processes, we have created an end-to-end FIU software solution that integrates all the modules and features needed by any FIU irrespective of its type. A solution that meets your needs today and grows with you into the future. We offer you FIU360.
FIU 360 Modules
FIU360 as an AI powered solution for FIU stands at the forefront of financial intelligence technology, offering a modular design that delivers unparalleled flexibility and scalability to meet your evolving data needs. Engineered from the ground up with cutting-edge technology, FIU360 is world-class, combining user-friendliness, robust security, and adherence to the highest international standards. By integrating FIU360, you are equipped with the most advanced system in the industry, empowering you to achieve the highest level of maturity—Level 5—according to EGMONT’s Financial Intelligence Systems Maturity Model (FISMM), setting the benchmark for excellence in financial intelligence.
Registration
FIU360’s next-generation registration module revolutionizes how accountable institutions, stakeholders, and regulators connect with your FIU. It establishes the first-ever nationwide verified counterpart registry with state-of-the-art secure online registration. Leveraging cutting-edge role-based access control enables granular hierarchical permissions, ensuring flexibility for institutions of all sizes. Multiple users per institution can operate seamlessly, each with tailored access rights, enabling a robust and future-proof way to collaborate securely with the FIU in real time.
The FIU360 data collection module employs cutting-edge technology and sets a new standard for world-class quality and innovation in financial intelligence. Designed to provide unmatched flexibility, the module’s XML schema supports over 300 customizable parameters, allowing the FIU to define exactly what data is required for each type of transaction report. This adaptability ensures that every report—whether it’s a CTR (Currency Transaction Report), STR (Suspicious Transaction Report), EFT (Electronic Funds Transfer), or AIF (full account statement)—follows a consistent structure, enabling analysts to review all reports seamlessly, regardless of the type.
Starting with the intake of Incoming Data, FIU360 initiates a comprehensive Sanction List Screening process to identify potential matches against high-risk entities. Through Selective Matching, the system refines the data to isolate suspicious items while minimizing false positives. Identified matches trigger Alert Creation, notifying teams for further investigation. Each alert undergoes Case Confirmation, verifying or dismissing cases based on established criteria. Repeated false positives are managed through Whitelisting, streamlining the process by preventing unnecessary alerts in the future. Finally, Confirmed Cases are escalated for further action, ensuring regulatory compliance and enhancing operational efficiency.
FIU360 Connect enables enriched financial intelligence by seamlessly integrating diverse data sources, including Financial Data, National Databases, International Counterparts, and Open Data Sources. This comprehensive approach ensures that insights are drawn from both local and global perspectives, facilitating informed decision-making and a robust response to financial threats. By consolidating data from these interconnected sources, FIU360 Connect empowers users with a holistic view, driving more effective and proactive intelligence strategies.
FIU360 is a comprehensive tool designed to empower analysts in managing, searching, viewing, and updating data on a wide range of subjects, including persons, accounts, entities, transactions, phones, addresses, and more. Leveraging advanced algorithms, FIU360's search functionality enables analysts to quickly establish intelligent links, profiles, and associations between subjects, effectively working like an AI-powered assistant. This cutting-edge capability accelerates the process of uncovering relationships and building intelligence profiles.
FIU360's data analysis capabilities leverage advanced Large Language Models (LLMs) to streamline intelligence development for both Operational Intelligence and Strategic Intelligence. By integrating AI-driven analytics, FIU360 rapidly transforms raw data into precise, actionable insights, enabling real-time decision-making and proactive strategic foresight. This dual-pathway approach, powered by LLMs, allows analysts to swiftly adapt to immediate operational requirements, while simultaneously enhancing long-term strategic planning. The result is a sophisticated, balanced intelligence framework that efficiently meets diverse analytical needs through cutting-edge AI integration.
FIU360’s Visualization module enhances intelligence reporting by offering streamlined tools for data representation and export. Key features include Enhanced Intelligence Reports, where complex insights are made accessible and actionable, and Visual Representation Creation, enabling structured, impactful data displays. The module also facilitates seamless Export to PowerPoint, supporting easy integration of visual insights into presentations. Together, these tools empower analysts to communicate findings effectively and elevate decision-making through visual clarity.
The process management module in FIU360 is designed to ensure consistency and measurability in the FIU’s operations, making it easier to track performance and generate annual statistics. FIU360 features a flexible process designer that allows system administrators to create customized workflows and link them to any report or case type within the system. As soon as the FIU receives a new report, FIU360 automatically assigns the first step of the workflow to the appropriate staff member and begins tracking the time spent on each task.
FIU360 Case Management is designed specifically to streamline case work at the FIU, providing a robust and secure framework for meticulous handling of case data through four integral layers: Access Control for precise user permission management, Security Settings for stringent protection of sensitive financial intelligence, Case Types for effective categorization of AML/CFT investigations, and the specialized Case Management Module to optimize FIU workflows. This comprehensive, layered approach creates an organized and secure environment, significantly enhancing operational efficiency, safeguarding intelligence assets, and adapting seamlessly to the unique analytical demands inherent to FIU case management.
FIU360 is designed to organize structured data efficiently, the FIU will inevitably continue to gather unstructured data from sources such as scanned documents, Word files, Excel sheets, and PowerPoint presentations. To manage this, FIU360 includes an integrated document management system that enables users to attach these documents to the intelligence database while extracting all text from the attachments for enhanced text search capabilities.
Statistical analysis is essential for FIU operations and a critical requirement in line with FATF recommendations. Whether preparing statistics for an annual report, tracking account balance fluctuations for operational intelligence, or summarizing phone log analysis, FIU360 provides a powerful, user-friendly tool for generating comprehensive statistical reports. With just a simple click, FIU360 enables you to create detailed representations of data in tabular and chart formats, simplifying the process of turning raw data into actionable insights.
FIU360 streamlines statistical analysis for Financial Intelligence Units, ensuring FATF compliance with one-click reports. It transforms complex data into actionable insights via tables, charts, and visuals, enabling FIUs to quickly interpret data, spot trends, and make informed decisions. By automating data preparation, FIU360 frees analysts to focus on strategic analysis, enhancing productivity and supporting proactive financial intelligence.
FIU360’s Business Intelligence (BI) Dashboards and Reporting Services provide unrivaled real-time insights, delivering tailored, performance-driven reports directly to decision-makers’ inboxes. With drag-and-drop customization and drill-down analytics, FIU360 empowers FIU managers to have a complete overview of all critical operations, ensuring peak performance and the ability to make data-driven decisions faster and more effectively than ever before.
FIU360 sets a new global benchmark for security in financial intelligence systems. With role-based access control, detailed auditing, data encryption, and comprehensive logging of all user actions, FIU360 ensures that every aspect of your FIU’s data and operations are protected by the most advanced security technologies available. IT administrators can maintain the system without ever accessing sensitive data, making FIU360 the most secure and trusted platform for financial intelligence worldwide.
FIU 360 eDITIONS
FIU 360 is offered in three editions to give you the starting point you need without investing in modules that you will not use today. However, you can seamlessly upgrade from one edition to a higher edition at any time.
