Clari5 FRAML
Unified Fraud and Anti-Money Laundering on a Single Real-Time Platform
Fraud and money laundering are not separate problems. Fraud is a predicate offense to laundering. Account takeover, APP scams, and identity theft generate illicit proceeds that move through mule networks, structuring, and cross-border flows. When fraud and AML teams operate in silos, neither sees the full criminal lifecycle. A fraud alert on one account may connect to AML activity on another, but without unified data, the network goes undetected.
Clari5 FRAML converges fraud detection and AML compliance into a single platform, sharing data, systems, and intelligence to create one holistic view of financial crime risk. One suspicious event triggers both fraud and AML scrutiny in real time, across every channel.
Your fraud team and AML team are looking at the same criminal. They should be looking at the same data.
Clari5 FRAML replaces duplicate technology stacks, separate investigations, and batch-mode processing with a unified real-time intelligence platform. Recognized as a Category Leader in the Chartis RiskTech Quadrant for FRAML Solutions.
Why Financial Crime Convergence Is Now a Banking Imperative
The convergence of fraud and anti-money laundering (FRAML) has evolved from an industry concept into a strategic priority for financial institutions. As fraud schemes, mule networks, account takeover, and money laundering become increasingly interconnected, disconnected fraud and AML systems create operational blind spots that sophisticated criminals exploit. A modern FRAML platform for banks brings fraud prevention, AML monitoring, investigations, and customer risk intelligence together on a shared decisioning framework—enabling faster detection, consistent risk assessment, and more effective end-to-end financial crime management across the enterprise.
- Cross-Channel Fraud Detection: Real-time fraud monitoring across digital banking, payments, cards, and core banking.
- Real-Time AML: Transaction monitoring, customer risk categorization, and sanctions screening on the same data layer.
- Unified Case Management: Joint fraud and AML investigation workflows. No duplicate cases on the same customer.
- Customer 360 Degree Risk Profile: One continuously updated risk view per customer, combining fraud and AML signals across all products.
- Mule and Network Detection: Graph-based link analysis connecting mule accounts, synthetic identities, and suspicious fund flows.
- Risk Orchestration: ML models, behavioral AI, and no-code scenario design for both fraud and AML detection.
- Consolidated Regulatory Reporting: Unified SAR/CTR/STR filing with full audit trails, including goAML support for 70+ countries.
- Eliminate Duplicate Systems: One platform, one integration, one decisioning engine. Retire parallel fraud and AML stacks.
- Close the Detection Gap: One suspicious event triggers both fraud and AML scrutiny simultaneously. Silos miss this by design.
- Reduce Investigation Duplication: Shared case management stops fraud and AML teams from investigating the same customer separately.
- Strengthen Regulatory Posture: Consolidated reporting and complete audit trails reduce examination risk. Global AML penalties hit $4.6 billion in 2024 (Fenergo).
- Deploy Incrementally: On-premise or SaaS. Institutions on Clari5 EFM or AML Suite can converge without rip-and-replace. [SME: Confirm 12 to 16 week timeline applies to FRAML.]
- Proven at Scale: Chartis FRAML Category Leader. Backed by Perfios.
From Siloed Detection to Unified Financial Crime Intelligence
Banks can no longer afford separate fraud and AML investigations, duplicate customer risk assessments, and fragmented case management. A unified fraud and AML solution built on a shared fraud AML data platform enables financial institutions to correlate risks across every customer, account, transaction, and channel in real time. The result is a stronger financial crime convergence platform that helps reduce AML false positives, streamline investigations, improve regulatory readiness, and deliver a single enterprise view of financial crime risk without adding operational complexity.
Discover how Clari5 aligns with your regulatory requirements, fraud risk landscape, and core banking infrastructure in a focused 20-minute session with our fraud and AML specialists
Frequently Asked Questions (FAQs) about FRAML
Q1. What is a FRAML platform, and why are banks adopting it?
A FRAML (Fraud Risk and Anti-Money Laundering) platform brings fraud detection, AML monitoring, customer risk profiling, investigations, and case management together on a single platform. Instead of operating separate fraud and AML systems, banks can identify interconnected financial crime patterns, accelerate investigations, improve customer risk visibility, and strengthen regulatory compliance through a unified approach.
Q2. Why should banks converge fraud and AML operations?
Financial criminals rarely operate within the boundaries of a single crime type. Fraud, mule accounts, account takeover, money laundering, and other financial crimes often form part of the same criminal network. Fraud and anti-money laundering convergence enables financial institutions to correlate intelligence across teams, eliminate operational silos, and improve the speed and accuracy of financial crime detection.
Q3. How does a unified fraud and AML solution improve financial crime management?
A unified fraud and AML solution provides a shared customer risk view, common investigation workflows, and centralized decisioning across fraud prevention and AML monitoring. This enables banks to detect complex financial crime patterns earlier, reduce duplicate investigations, improve operational efficiency, and deliver end-to-end financial crime management across channels and business lines.
Q4. Can a FRAML solution help reduce AML false positives?
Yes. A FRAML solution for financial institutions combines fraud intelligence, transactional behavior, customer context, and AML risk indicators to improve alert quality and risk prioritization. By using shared intelligence across fraud and AML, banks can reduce unnecessary investigations, focus analyst effort on higher-risk cases, and improve overall investigation efficiency while maintaining regulatory compliance.
Q5. What challenges do siloed fraud and AML systems create for banks?
When fraud and AML teams rely on disconnected systems, they often investigate the same customer independently, maintain separate risk profiles, and work with fragmented data. This leads to duplicate investigations, inconsistent risk decisions, higher operational costs, and delayed responses to emerging financial crime. A shared fraud and AML data platform addresses these challenges by creating a single, enterprise-wide view of customer risk.
Q6. How does Clari5 support financial crime convergence?
Clari5’s financial crime convergence platform enables banks to unify fraud prevention, AML monitoring, investigations, customer risk assessment, and case management within a single ecosystem. By connecting data, intelligence, and decision-making across financial crime functions, Clari5 helps institutions strengthen fraud detection, improve compliance outcomes, streamline investigations, and respond faster to evolving financial crime threats.