AML screening and monitoring as an add-on
With automated KYC and AML screening and monitoring as a one-stop solution, it has never been simpler.
Using the latest technologies in machine learning and information retrieval to acquire information faster and more effectively than the industry standard we are able to support you in optimizing your onboarding processes. As a first step, AML checks will be offered for IDnow AutoIdent, the automated identity verification solution within IDnow’s platform. Furthermore, it will be offered for all our identification methods in the future.
As per AML regulations, for certain use cases, it is mandatory to perform AML screening and monitoring along with KYC verification. Companies are required to conduct screening of customers against Politically Exposed Persons (PEP) and global sanctions lists to make a risk assessment and to avoid violating various sanctions. For enhanced customer due diligence, the user can be checked against global monitoring watchlists and adverse media.
Profile data is enriched with other identifying information, along with clear traceable source links and relations to other risk entities. This helps reduce false positives.
Global coverage as all major AML watchlists (e.g. OFAC, UN, HMT, EU, DFAT etc.) are covered, along with thousands of government sites and millions of reputable negative news sources.
Robust monitoring, update, and assurance processes leverage state of the art machine learning technology, capable of monitoring thousands of AML lists concurrently in real-time.
Seamless integration of AML checks into the KYC process and into your onboarding workflow with one API.
Use Case
As per AML regulations, for certain use cases like account opening in banking or crypto or player verification in gambling, it is mandatory to perform AML screening along with KYC verification.
Building with your business in mind, we offer the option of combining AML checks directly with IDnow AutoIdent or any other of our ident methods to optimize your onboarding process further:
Digital verification via video-chat, backed by AI-technology. Our AML-compliant solution meets high security requirements.
Automated, AI-powered identity verification for users all over the world – anytime, anywhere. And AML-compliant.
Our automated instant identity verification is based on Artificial Intelligence and Machine Learning. It’s simple, secure, and available anywhere, at any time.
Identity verification is in the process of being certified by the ANSSI and complies with the Anti-Money Laundering Directives (AML-CFT) and meets high security requirements.
NFC-based solution for the electronic German identification card. Our identity verification solution with easy data scanning via smartphone. AML-compliant.