# AML, Fraud Prevention and BaFin Evidence for Banks

Transaction monitoring, anti-money laundering and audit-proof evidence for institutions under BaFin supervision. On request, operations stay entirely in-house.

Dargestellte Fassung: https://simo-online.com/en/why-simo/banking

## Business Data Strategy for banks and financial institutions

Banking & Financial Services

Anti-money laundering, fraud prevention, transaction monitoring and governance, designed for institutions under BaFin supervision and 70 million transactions a day.

Why banking institutions retain SIMO

- For more than 20 years Andreas Schwan was accountable for the transaction systems of tier-one banks, carrying 70 million postings a day.
- Reference case anti-money laundering 2025: end-to-end monitoring with audit-proof evidence, aligned to the expectations of BaFin.
- Engagements of the company and its managing directors: major banks in Germany and abroad, financial services providers and a banking association. We do not disclose client names for data protection and confidentiality reasons.
- On request, operations stay entirely in-house. Your transaction data does not leave your sphere of control.

Banking: where SIMO fits into the existing landscape

Information flow from the core systems through the control layer to reporting and compliance.

## Core systems

- Booking core
- SWIFT and SEPA
- Customer records
- Risk sources

## SIMO control layer

- Data lineage and governance
- Anti-money laundering and fraud prevention
- BaFin audit trail
- GDPR and EU AI Act

## Outputs

- Reports to the supervisor
- AML cases
- Risk dashboards
- Customer 360 view

Architecture sketch: the core systems of the institution feed into the SIMO control layer, which produces reports to the supervisor, AML cases, risk dashboards and the customer 360 view.