Gaming Industry's First Suspicious Activity Investigation Case Management Workflow Tool
SOUTHFIELD, Mich., Sept. 17, 2014 /PRNewswire/ — Resort Advantage (RA), the recognized leader in FinCEN and IRS compliance solutions for the gaming industry, announces SAR Workflow Accelerator™, the industry's first SAR reporting process workflow management tool. This solution provides the workflow management tools to the property Compliance staff to manage the entire SAR reporting process at the property; from a suspicious incident's initiation through to its SAR Committee disposition and ultimate FinCEN electronic filing.
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SAR Workflow Accelerator becomes a repository for all suspicious incidents and related investigation information. Suspicious incident reports (SIR) initiated by RA's Incident Report Accelerator™ can be investigated by the Compliance staff and any additional investigative information can be gathered and posted to the incident (i.e. documents, pictures, videos, etc.).
Once incident investigation is completed, the Compliance staff can route the suspicious incident reports and their supporting documentation to the SAR Committee for final review. The SIRs can then be reviewed interactively and collaboratively by the SAR Committee and their final disposition can be documented. Based upon the SAR Committee's determination, any SIRs can be readily promoted to Suspicious Activity Reports (SAR Form 111) and automatically filed electronically with FinCEN.
Resort Advantage's innovative SAR Workflow Accelerator offer Compliance staff with access to the following business process capabilities:
- Suspicious Incident Report Creation
- Suspicious Incident Report Management
- Suspicious Activity Report Management
- Audit and Management Reporting
According to Brian Ferrilla, Managing Director of Resort Advantage, "Casino properties know that FinCEN is forcing them to go above and beyond in their compliance business processes. Smart properties are learning how RA's innovative tools SAR Workflow Accelerator and Incident Report Accelerator can help them achieve world-class AML compliance reporting processes."
"As properties look to gain competitive advantage through the enhancement of their patrons' experience, while still meeting the additional regulatory burden to more closely monitor patrons' transaction activities, we have seized the opportunity for making the deployment of targeted SAR intelligence tools like SAR Workflow Accelerator to improve casino properties' AML compliance programs." states Ferrilla.
About Resort Advantage
As the makers of the award-winning Title 31 Accelerator™, Slots Jackpot Accelerator™, SAR Workflow Accelerator™, Incident Report Accelerator™ and SAR Risk Analyzer™ suite of compliance applications, Resort Advantage continues to lead the gaming industry with its innovations. Resort Advantage's Complete FinCEN / IRS Compliance Solution has set the gold standard for FinCEN and IRS compliance management and reporting as the solution of choice for the most prominent casino properties. For more information, visit www.resort-advantage.com. Visit us at G2E Booth #2030 and/or at AIGA Booth #16.
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Contact: Valerie Silvani
Director of Marketing
Email
800.317.5475