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Is your business AML-compliant?

The regulatory requirements for businesses have been more stringent recently with the implementation of various anti money laundering (AML) measures. 

Businesses are now required to:

(1) Keep proper records of customer data
(2) Put in place questionnaires to filter out companies and individuals who do business with sanctioned countries and entities
(3) Set up systems for identifying suspicious transactions

Our CRM software makes it easy for businesses to do this. When you have hundreds of thousands or millions of customers, it can be both time consuming and tedious to go through millions of transactions. This is why we have made use of artificial intelligence technology to help businesses better manage this.

Our AI system scans the data and assigns three different classifications:

White flag - no abnormal activity
Yellow flag - some cause for concern, manual review required
Red flag - serious discrepancies detected

This reduces the workload for staff reviewing the data and helps businesses to maximise the efficiency of manpower so that problems can be rectified quickly.

Book a consultation with us today to find out more.

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