REWIND is specifically designed to simplify the complicated and time intensive look-back process.
Using your data from a specific time period, REWIND runs it through a rigorous, technical process to give you the most relevant alerts, case management, and reports. REWIND can mirror the functionality of AML transaction monitoring software with scenarios built specifically for your business and institutional risk. While this software is not available commercially; ARC Risk and Compliance designed it specifically to support our clients during the look-back process of their institution.
How does REWIND work?
The REWIND look-back process begins by normalizing your data, uploading that data into the REWIND software, and then running it through a series of rules, producing alerts for review. Our proprietary system then rolls cases up to create even more efficient items for review. Once cases have been reviewed, each case will either be confirmed and have a SAR submitted by the institution; or waived. From there, reports are available for management and an SQL database is provided for legal data retention requirements at the conclusion of the look-back effort.