Our AML compliance suite
Protect your business from financial threat with our advanced AML suite
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Money laundering is a serious financial crime that can result in devastating consequences for your business—both through financial and reputational loss.
But as technology evolves and fraudsters create new tactics to launder money, the rules and regulations are always changing, and it can be hard to keep up.
With our AML technology, you can protect yourself from criminal exploitation and regulatory fines.
Our solutions help you to build extra layers of protection using quality data feeds.
“HMRC issued £3.2 million in money laundering penalties between 1 July and 31 December 2022.” – Gov.uk
Our AML compliance solutions help to:
Maintain compliance
- Manages risk and protects against reputational and financial damage
- Enhances speed and accuracy of fraud detection
- Reduces risk of human error in fraud detection
- Implements proactive and preventative compliance measures
- Ensures you’re remaining compliant through all regulatory changes
Increase efficiency of onboarding
- Removes inefficient and fragmented processes
- Reduces risk of customer churn
- Generates better client growth
- Increases engagement
Mitigate and manage risk
- Assesses new customers
- Screens and monitors applicants against integrated data sources
- Reduces risk of human error
- Ensures your customer risk management processes remain secure
Stop money laundering in its tracks with our AML technology
Our AML solutions suite has got what you need to verify and validate client information. Within the suite, you can benefit from the following features:
AML checks
Doing business with the right people is crucial to upholding your reputation and keeping you safe of financial penalties.
But with money laundering still happening, organisations everywhere should be protecting themselves against it.
Our solution to this includes technology that can efficiently and effectively verify and validate client identity and their associated address.
You can use it to validate and verify:
- Global ID and ID documents
- UK addresses
- Bank accounts
- Biometric liveness
PEP and sanction screening
Our PEP and sanction screening tool can help to protect your business when working with high-risk clients, and to stop people who are already suspected of committing crime from becoming clients.
Through our risk evaluation, you can conduct integrated or standalone checks on:
- Global sanctions list (HMT, EU, OFAC)
- WorldCompliance PEP register (UK domestic and global)
Plus, these services provide your organisation with ongoing monitoring.
Source of funds
Check your funds have come from a legitimate source with our Proof and Source of Funds tool.
The technology aims to remove the hassle of chasing client bank statements for verification.
Batch AML screening
Make your batch onboarding process more efficient, while maintaining compliance with our Batch AML screening tool.
The technology aims to rapidly screen and regularly monitor applicants while adhering to UK AML regulations.
Keep compliant with our flexible and adaptable API
All regulated entities need an effective AML compliance approach in place, to protect their business, clients, and ensure they’re adhering to the regulations.
But with all businesses having unique requirements, it’s crucial you are tailoring the solution for individual client touchpoints—and the flexibility of our API enables this.
Our team of experts will work with you to find the best solution that will help you to redefine what a healthy client relationship looks like, while improving the onboarding process and improve customer retention.