AML/CTF-Software

Discover our advanced AML/CTF software, equipped with AI, ML, and Big Data capabilities, designed to enhance compliance with Anti-Money Laundering and Counter Terrorist Financing regulations. Key features include comprehensive KYC functionality for natural persons and legal entities, KYS, KYI, and KYD capabilities, and robust remote customer onboarding with video-identification and electronic proof of identity. The software excels in extracting information from critical documents and identifying legal representatives and UBOs. It seamlessly screens against international sanctions, PEP, and RCA lists, and identifies connections to high-risk countries. Equipped with a dynamic Risk Assessment feature, it evaluates overall company risk and individual customer risk ratings, aligning with Section 5 of the German GwG. The software is self-learning, improving continuously based on analyst input and offers an extensive audit trail, case, and alert management features, along with SAR and STR reporting linked to FIUs. Ideal for entities seeking comprehensive, efficient, and compliant AML/CTF solutions.

Here’s a summary of its key features:

KYC, KYS, KYI, KYD Functionalities: It supports Know Your Customer, Supplier, Intermediary, and Distributor functionalities for both natural persons and legal entities.
Remote Customer Onboarding: The software offers a remote customer onboarding solution, including video-identification, electronic proof of identity, qualified electronic signature, and notified electronic identification capabilities.
Data Extraction from PDFs: It can extract information from various documents like ID cards, passports, trade register extracts, beneficial owner registers, and Articles of Association.
Identification of Legal Representatives and UBOs: The software can identify board members, authorized signatories, supervisory board members, and Ultimate Beneficial Owners (both direct and indirect).
Screening Against Sanctions and PEP Lists: It screens individuals and entities against international sanctions lists and lists of Politically Exposed Persons (PEP), Relatives, and Close Associates (RCA).
Risk Identification: The software identifies factors indicating potentially higher or lower risks in various categories such as customer, product, service, transaction, delivery channel, and geographical risks.
Transaction Monitoring (TM): It supports transaction monitoring and allows for the definition or modification of money laundering and terrorist financing typologies and methods.
Automatic Case and Alert Creation: It automatically creates cases and alerts for various scenarios, including KYC, KYS, KYI, KYD reviews, sanction screenings, PEP/RCA screenings, HRTC matches, and transaction monitoring alerts.
Case and Alert Management: The software includes Case Management and Alert Management features.
Reporting Features: It offers Suspicious Activity Report (SAR) and Suspicious Transaction Report (STR) features with links to the Financial Intelligence Unit (FIU).
Additional Features: The software includes a Request for Information (RFI) feature, an integrated 4-eyes principle, an escalation feature for MLRO, and the ability to share information within a group.
AI, ML, and Big Data Utilization: It leverages AI, ML, and Big Data, continuously improving based on analyst inputs, positives, and negatives.
Data Recording and Retention: It records and retains data and information relevant to due diligence, risk evaluation, examination of matches/alerts, and evaluations related to SARs and STRs.
Audit Trail: The software maintains an audit trail for compliance and review purposes.
Customer Risk Rating (CRR): The CRR feature is an integral part of your AML/CTF software, ensuring that your organization can effectively identify, assess, and manage the risks associated with each customer, thereby enhancing your overall compliance posture.
Risk Assessment (RA): The RA feature in your AML/CTF software plays a crucial role in ensuring that your company’s approach to anti-money laundering and counter-terrorist financing is both effective and compliant with relevant regulations.

This suite of features makes your AML/CTF software a robust tool for managing compliance and regulatory requirements in the financial sector.