eDon AML Transaction Monitoring System
eDon AML Transaction Monitoring Systemisa ALL-IN-ONE solution for anti-money laundering (AML) and transaction monitoring.Leveraging automated processes and machine learning technology, it efficiently identifies suspicious transactions and potential money laundering activities.
Moreover,the system supports both on-premises and cloud environments,offering nearly 50 predefined transaction monitoring rules.Financial institutions can flexibly filter rules, adjust parameters, or even create custom rules to meet specific business needs.
Additionally,Additionally, the system integrates Screen-X AML screening function, enabling ongoing monitoring of customer data against global sanctions lists to achieve end-to-end transaction monitoring compliance.enabling ongoing monitoring of customer data against global sanctions lists to achieve end-to-end transaction monitoring compliance.
Main Features
Centralized Transaction & Client Monitoring Management
The system comes pre-configured with risk-tiered transaction monitoring rules, user permissions, and parameter settings. Through an integrated dashboard,users gain a unified view of alert statuses, risk classifications, and resolution progress.It seamlessly interfaces with Trading/Settlement Systems (e.g., TTL, Flextrade, Hundsun Ayers, iAsia) and AML screening system (e.g., World-Check, Dow Jones, Screen-X) for cross-platform consolidated oversight.
Tiered Case Management
Features a "Maker - Checker Approach"to auto-assign, prioritize, and track suspicious cases. Supports collaborative annotations and document attachments,with full audit trails retained to meet regulatory compliance inspections..
Ongoing Monitoring
The system identifies abnormal trading patterns (e.g., Frequent Cancel Order, Abnormal Profit and Loss). Through machine learning, it establishes client behavioral baselines to flag deviations,and performs scheduled scans of high-risk clients or portfolios..
Risk Detection
Withnearly 50 predefined transaction monitoring rules(e.g., Multiple IP Addresses of Same Account, Large Fund Out Amount), the system automates risk detection and reduces manual oversight.
Data Analytics & Reporting
Users can visualize client transaction chains and linked account clusters through interactive maps,and generate compliance-ready Suspicious Activity Reports (SARs).
SFC Enforcement Cases – Customer Supplied System (CSS) - related
|
Case No.
|
Company Name
|
License Type
|
Enforcement Date
|
Fine on LC (HK$)
|
Penalty on RO
|
|---|---|---|---|---|---|
|
1
|
AAA Futures Co., Limited
|
Type 2
|
09-01-2024
|
$9,000,000
|
RO Suspension: 9 months
|
|
2
|
BB Limited
|
Type 1, 2, 4, 5
|
09-01-2024
|
$4,950,000
|
N/A
|
|
3
|
YY Futures Limited
|
Type 2
|
09-01-2024
|
$100,000
|
RO Suspension: 10 months
|
|
4
|
D Futures Limited
|
Type 2, 5
|
22-11-2023
|
$2,800,000
|
N/A
|
|
5
|
X Futures Limited
|
Type 2
|
07-02-2023
|
$4,800,000
|
RO Suspension: 6 months
|
|
6
|
T Futures Limited
|
Type 2
|
25-07-2022
|
$9,000,000
|
RO Suspension: 8 months
|
|
7
|
XYZ Limited
|
Type 2
|
14-02-2022
|
$4,800,000
|
N/A
|
|
8
|
ABC Futures Company Limited
|
Type 2
|
20-01-2022
|
$5,000,000
|
N/A
|
|
9
|
VW Futures Co., Limited
|
Type 2, 5
|
30-12-2021
|
$8,000,000
|
RO Suspension: 8 months
|
|
*The company names in these examples are anonymized and do not reflect actual cases.
|
Total Fines:
|
$48,450,000
|
|
||
Rules specifications
Rules cover:
- Price Sensitive Information
- High Concentration List
- Staff Dealing
- Front-Running
- Client Monitor List
- Self-Matched Trade
- Cross Trade within Broker
- Frequent Cancel Order
- Last Minutes' Trade
- Pump-and-Dump Trade
- Active Trader
- Top Active Client in Market
- Multiple IP Addresses of Same Account
- Severely Loss Client
- Abnormal Profit and Loss
- Large Fund In for Individual and Corporate
- Large Fund Out Amount
- Large Fund Out Percentage
- High-risk Client Frequent Fund In/Out
- Fund In/Out vs. Wealth
- Trade Withdrawl Stock
- Large Stock Movement
- Large Settlement Instruction
Product Types Covered by Rules:
Stock (Market Coverage: HKEX, SHA and SZA, USA, Global Stocks)
Futures & Options (Global)
Commodities
FX
Product Advantages
Improved efficiency with large amount of data
Reduced cost
Minimized human errors
Standardized and Enhanced Internal Controls
Seamless API Integration with other major systems
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