AML Screening Software

An Anti-Money Laundering (AML) software is an automated solution that financial institutions and other regulated entities use to streamline various aspects of AML compliance, such as screening and monitoring of various databases, including identifying customers that are on sanctions list or have the Politically Exposed Person (PEP) status. 

Other examples of features that AML software typically carries are the ability to identify customers on regulatory blacklists or global watchlists, screen adverse media, as well as monitor client transactions to detect suspicious activity. As a result, companies can meet daily compliance requirements and detect AML risks in real-time, eliminating the need for manual and time-consuming data collection and error-prone review.

Frequently asked questions


Is AML Software Necessary?


Banks and other financial institutions must comply with AML regulations, making at least some sort of level of automation to AML compliance processes vital. Since there is a vast amount of data that needs to be scanned and documents that need to be collected, doing all this work requires lots of effort from internal compliance teams that face the risk of error and pressure. To avoid such a scenario, it’s necessary to streamline compliance processes and comply with necessary AML requirements. 


How Does an AML Software Work?


Who Needs AML Software?


What are the Main Features of AML Software?


Why are Manual AML Compliance Tasks Considered Complex?


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