Anti-money laundering software is used by companies to detect suspicious activities by persons or organizations who are trying to generate income through illegal actions. This software is used by compliance professionals to comply with regulations such as the Bank Secrecy Act and with corporate policies regarding financial fraud. Accountants and managers from all departments can also benefit from using this type of software when evaluating new customers and suppliers. Additionally, anti-money laundering software is used by banks and financial institutions to detect suspicious and fraudulent activities that may impact their profitability and damage their reputation.
By using this type of software, companies can avoid doing business with corrupt individuals or organizations that are suspicious of financial fraud, terrorist financing, or securities market manipulation.
Anti-money laundering software uses information from multiple solutions that are used to manage financial transactions, such as ERP systems and accounting software. For large companies with high volumes of financial transactions, integration with corporate performance management software can also be beneficial.
To qualify for inclusion in the Anti-Money Laundering category, a product must:
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Rely on LexisNexis AML InsightTM to deliver leading content and technology to speed identity verification, strengthen anti-money laundering (AML) compliance, fortify risk mitigation and support enhanced due diligence for key Know Your Customer (KYC), Customer Identification Program (CIP) and Bank Secrecy Act (BSA) regulations.
Efficiently detect, investigate, and report suspected money laundering and terrorist financing activity to comply with future regulations and guidelines.
Recognize risks and protect your company. AMLcheck gives you the power to shield your company from money laundering and terrorist financing activities. Our software is an advanced technological solution that enforces the legal requirements by identifying people or assets in the on-boarding process, scoring the clients profile from the database, based on the available information, and making post-execution analysis of the transactions by defining control scenarios to detect suspicious behavior. AMLcheck is trusted by several companies obligated to enforce regulatory requirements. We help them comply with AML regulation around the world. Regulated industries include credit entities, insurance companies, promoters and real estate agencies, brokering companies and stockbrokers, exchange offices, jewelers and gambling casinos.
The ARGO Fraud and Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Suite offers analytics-driven fraud solutions to effectively reduce financial losses, operating expenses, and reputational risk by protecting financial institutions and their customers from fraudulent activity.
Australia Post Digital iD™ is an award winning smartphone enabled platform that can help Australian businesses who need to meet AML/ KYC compliance obligations to improve their conversion rates and verify customers more easily. Digital iD™ is trusted by over 60 government and private organisations across a variety of industries and sectors. Digital iD™ has access to a wide range of industry and proprietary data sources to help make it faster to onboard new customers, verify existing customers, reduce dropout rates and the cost of verification. Digital iD™ can also help you to identify Politically Exposed Persons (PEP), associates of a PEP, sanctioned, or other high risk individuals, with watchlist screening. Use Digital iD™ to help avoid data breaches using our advanced encryption technology to manage sensitive personal information, and leverage the trusted brand of Australia Post. Connect via APIs, SDKs, web experience, and Australia Post’s extensive Post Office network. With easy integration, you can start using Digital iD™ within a few days, and benefit from our updates without any significant system upgrades.
Mobile Verify, Mitek's ID verification solution, is used by financial services organizations and leading brands across the globe to create trust in the digital channel for safe onboarding, fast money movement, and user authentication. Digital leaders trust identity verification with Mobile Verify because of its proven, customer friendly user experience and because it keeps them in compliance with ever increasing Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
The Anti-Money Laundering (AML) software makes it possible to organise and document your organisation’s procedures and responsibilities within the area of anti-money laundering. The software produces a gap-analysis which shows areas that lack compliance and needs to be looked at. Also, it enables you to document that you are compliant with the law on anti-money laundering to the board or authorities – all in an efficient, time-saving manner. Use the AML-software to manage, control, and document your anti-money laundering efforts to reach compliance with the law and keep yourself out of trouble.
Rapidly increasing risk – combined with evolving government regulations – requires an advanced strategy when it comes to monitoring data for illicit activity. SAS helps you take a risk-based approach, making it easier to manage alerts, test scenarios and comply with industry regulations.
Trulioo helps businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, and supports a diverse range of international electronic identity verification requirements. GlobalGateway is used by financial institutions, payments, banks, eCommerce, remittances, gaming, acquirers, and online marketplaces worldwide for all their compliance, risk mitigation and age verification needs. Our online electronic identity verification (eIDV) services were developed for the international market.