AML transaction monitoring for credit unions.
Your goal is to turn customer transactions into financial information, and information into AML insights. Coretrack AML monitoring gives you the power of fraud insight at scale.
CU all-in-one AML monitoring platform
Instant oversight and compliance for your credit unions’ AML (Anti-Money Laundering) transaction monitoring, specifically tailored to meet the needs of Ireland’s credit unions.
Secure Data Uploads
Upload your transaction data to Coretrack for instant analysis, extracting flagged transactions for review based on set criteria.
Transaction Reviews
Clients can review flagged transactions, document decisions, and view all transactions meeting your credit union’s monitoring criteria
Advanced Data Filters
Offers powerful data filtering to analyze transactions in detail, identify trends or anomalies, and export results for AML compliance.
Custom Report Timing
Monitor transactions as often as daily, weekly, or monthly, with a set monthly cut-off to ensure timely, accurate reporting.
Enhanced Reporting
Generate Board Reports after each monitoring period, providing all key information for compliance and governance.
Bespoke Packages
We offer custom monitoring criteria, including transaction types, thresholds, and cumulative transactions, ensuring a flexible, risk-based AML approach.
API Gateways: We are continuously working with Progress and Wellington to enhance Coretrack, integrating bespoke reports and aiming for future seamless API transaction monitoring integration.
REQ Data: Our CoreTrack clients will be able to avail of auto-generated data needed for the completion of REQs annually without having to run reports themselves.
REQ Excel to XML Conversion Service
We are very aware of the significant workload and operational burden that the completion and submission of the AML Risk Evaluation Questionnaires (REQs) has placed on credit unions. One of the key areas of uncertainty for many credit unions is the technical requirement to convert the completed REQ Excel file into the XML format required for submission to the Central Bank of Ireland.
To assist credit unions and help reduce this burden, O’Dwyer Power can facilitate the conversion of REQ Excel files to the required XML format.
This service is available to all credit unions, including those who do not currently use our CoreTrack transaction monitoring platform. There is no requirement to become a CoreTrack client in order to avail of the XML conversion service.
For existing CoreTrack clients, the process is straightforward. Users simply log in to CoreTrack as normal and upload the completed REQ Excel file directly within the platform for validation and XML conversion.
For non-CoreTrack credit unions, we will provide a secure facility for uploading files directly to us. Once uploaded, the file will be validated against the XSD validation rules before being converted into the required XML format. The completed XML file will then be made available for secure download.
To help provide further assurance and reduce uncertainty around submission acceptance, we will also complete testing through the CBI test portal in advance to help ensure that the generated XML files meet the required validation standards.
Contact us at the details below for more information.
Secure data movement by design
Historic transactions can be stored in Coretrack for up to 5 years (in line with the Criminal Justice Act) or less depending on your requirements.
- Regular staff training & confidentiality bound
- Data Protection Impact Assessment (DPIA)
- Multi Factor Authentication
- Uploaded data files automatically deleted
- Regular Penetration Testing
- Detailed Compliance Pack Provided
ISO 27001 Hosting
Core Track is hosted in an ISO 27001 certified, EU owned data centre in Germany.
Data Protection by Design & Default
Our platform has been built with privacy at the core and in line with Data Minimisation.
256 bit Encryption
All data is encrypted in transit and at rest using the industry standard for data encryption.
Continuous Development
We are always working with our developers to make CoreTrack better for our credit union clients.
Your partner in AML compliance
Coretrack is a dedicated division of O’Dwyer Power, chartered certified accountants. We are focused exclusively on meeting the compliance needs of Ireland’s credit unions. Leveraging our expertise in AML compliance and data protection, Coretrack offers advanced transaction monitoring solutions tailored to the unique regulatory demands of credit unions.
We provide powerful tools for managing compliance, risk, and reporting, enabling credit unions to streamline operations while maintaining adherence to the Criminal Justice Act and other critical regulations.
Our commitment to innovation and expert advice helps credit unions ensure robust oversight and effective AML practices, all while supporting their continued growth.