¡ Money Laundering Detection – provides the SAS Money Laundering Detection system configured for the same six (6) scenarios and two (2) risk factors that were mutually agreed by the initial 23 early adopter customers of this service. The service provided includes:

¡      Access to the SAS MLD software and an associated production database on a shared server
    hosted at Data Action between 9am and 5pm South Australian time, Monday to Friday excluding
    national public holidays

¡      Data Action provides the server hardware and communication network technical support.
     Including server maintenance, monitoring, upgrades and expansion as required.

¡      Data retention periods are 3 months for transactional data retained within the MLD database,
    data exceeding this age will be automatically deleted from the database. Data that is part of an
    incident reported to Austrac will be retained for 7 years and will be automatically deleted on
    expiry of that period.

¡      Balance above set threshold.

¡      Tested and proven standard set of data extracts from the Phoenix Banking System to support
    the above stated scenarios and risks.

¡      Maintenance of the Phoenix data source extracts as required for the stated scenarios and risks,
    for each Phoenix build release ensuring file format and data integrity.

¡      Application support of the Phoenix extracts by Data Action

¡      Source data from the DFAT and OFAC watch lists only.

¡      Scheduled extracts of recent transactional and customer data from the Data Action Phoenix
    Core Banking System processed into the MLD system. .

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