Anti-money laundering software reduces the burden of manual processes. AML360 is recognised as a leading vendor for innovation in AML/CFT regulatory technology. As a Software-as-a-Service (SaaS) platform, AML360 enables businesses to easily manage obligations with automated workflows. This applies to business risk assessments, client profiling, transaction monitoring, geography risks and case management.
The AML business risk assessment is configured to measure the key divisions of a business that are known to have inherent risk to facilitating money laundering or terrorism financing. The report highlights the risk level of the (a) Nature, size and complexity of business, (b) client types, (c) products and services for transaction risk, (d) the methods of how clients conduct account activity and (e) risks arising from geographies.
The customer risk score will provide detail of the aspects of the customer's characteristics that increase risk.
AML transaction monitoring requires no coding for setting activity rules to create red flags.
AML360 is a one-stop-shop for AML/CFT compliance. Clients can add their identity service provider to the platform, providing an end-to-end solution with one login. The end-to-end solution includes management reporting and ongoing monitoring.
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