AML Compliance
Ambriel's AML compliance solutions are designed to simplify regulatory adherence while enhancing fraud detection capabilities.
What is AML Compliance?
The Financial Action Task Force (FATF) recommends that countries implement effective Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The European Union's 5th and 6th Anti-Money Laundering Directives (AMLD5/6) also require screening against global sanction lists, PEP (Politically Exposed Persons) databases, and high-risk profiles.
What does Ambriel's AML Compliance solution do?
Ambriel's AML compliance solution is designed to help businesses detect and prevent financial crimes. It does this by providing real-time screening, monitoring, and data management capabilities.
Screening
The AML API screens customers against global sanction lists, PEP databases, and high-risk profiles. This ensures that businesses are compliant with AML regulations and can detect potential fraud.
Monitoring
The AML API also provides continuous monitoring, alerting businesses to any changes in a customer's compliance status over time.
Data Management
The AML API provides a secure and reliable way to manage customer data, ensuring that it is up-to-date and accurate. Additionally, all searches and results are stored in a secure and tamper-proof log for 5 years, providing a complete audit trail.
How does it work?
The AML API integrates seamlessly with the Fraud API, providing a holistic approach to financial crime prevention. The AML API is designed to be compatible with the Anti-Money Laundering Directive (AMLD5/6) of the European Union, as well as the recommendations of the Financial Action Task Force (FATF).