ANTI-MONEY LAUNDERING (AML) SOFTWARE
AML Screening Tools to Mitigate Financial Crime
Automate AML checks with a real-time risk database and SaaS or API-based approach to combat money laundering and terrorist financing.
Trusted by industry leaders across the world
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Evolving AML Complexity
Financial crime networks grow more sophisticated daily while regulatory frameworks shift globally. Organisations must unify sanctions, PEPs, and adverse media screening across complex jurisdictions to prevent laundering.
AML Capabilities
Manage Risk with Confidence
Compliance teams face a unique challenge: they must prevent money laundering while delivering seamless experiences for legitimate customers. With nCino Identity Solutions, you can confidently identify high-risk individuals without creating friction for the customers who drive your business forward.
Politically Exposed Persons (PEPs)
Unify PEP data including heads of state, high ranking government figures around the world, regional, current and former PEPs, family members and close associates of PEPs, FATF (Financial Action Task Force) defined PEP categories, and more.
Sanctions
Plug-in to global sanctions lists including O.F.A.C (Office of Foreign Assets Control), US Treasury Department, HMT (His Majesty's Treasury Department), European Union, United Nations, and more.
Adverse Media
Access global adverse media data including individuals accused of, arrested, or convicted of serious crimes within five key categories: financial crime, terror, organised crime, trafficking, or corruption.
AML Capabilities
Keep AML Compliance Ahead of the Curve
Simply performing AML checks at the point of onboarding is not enough anymore. nCino Identity Solutions comes equipped with advanced features to ensure that AML remains a priority and gives your compliance team the tools needed to succeed.
Ongoing Monitoring
Re-screen customers against PEPs, Sanctions, and adverse media lists to identify if any new risks have emerged that pose a risk to your business. Choose the frequency of re-screening dependent on risk appetite.
Case Management
Create a single customer view and transform your data consumption, enabling you to link AML onboarding and monitoring in a fully automated real-time journey.
Advanced Reporting
Access reporting in a single dashboard including unlimited licenses. Presenting you with an easily digestible snapshot of AML compliance, monitoring performance, remediation, alerts, assigned team members, and more.
Country Coverage
Our identity verification services encompasses data from around the globe. Wherever you plan to grow your business, rest assured nCino Identity Solutions has you covered.
246
countries & territories
365m
entities
99.9%
uptime
300m
checks per month
6000+
documents supported
2.3bn
API calls annually
Learn about Anti-Money Laundering
What is AML?
AML, or Anti-Money Laundering, is a set of regulations and procedures designed to prevent illegal financial activities, such as money laundering and terrorist financing within regulated industries.
What is the 6th Anti-Money Laundering Directive?
The 6th Anti-Money Laundering Directive is a European Union directive aimed at enhacing the EU's AML framework. It introduces stricter rules and measures to combat money laundering and terrorist financing.
What's the difference between AML and fraud prevention?
AML primarily focuses on preventing and detecting money laundering and terrorist financing, while fraud addresses a broader range of deceptive practices that can result in financial loss or reputational damage.
What are the key components of FRAML, and how does it combine fraud detection and anti-money laundering efforts, AML, and KYB?
Implementing an effective Anti-Money Laundering (AML) program involves several steps. Companies should begin with a risk assessment to understand current protocols. Once improvement areas have been identified, then move to establishing a Customer Due Diligence (CDD) program, including KYC, and ongoing monitoring. Finally, post onboarding checks should also be considered such as transaction monitoring and ensuring data is securely stored for effective audit management.
What is PEPs and Sanctions in AML?
PEPs (Politically Exposed Persons) and sanctions are crucial elements in AML. PEPs are individuals with prominent political roles, and sanctions involve restrictions on financial dealings with specific individuals or entities to prevent illicit funds flow.
Why use AML software?
AML software automates and streamlines AML compliance processes. It helps regulated businesses identify suspicious transactions, screen customers against global PEP, sanctions, and adverse media data, and maintain compliance with AML regulations, reducing manual efforts and human error. Ultimately, AML compliance software enhances compliance whilst allowing businesses to keep ahead of AML regulation.
What's the best way to approach AML implementation?
Implementing an effective Anti-Money Laundering (AML) program involves several steps. Companies should begin with a risk assessment to understand current protocols. Once improvement areas have been identified, then move to establishing a Customer Due Diligence (CDD) program, including KYC, and ongoing monitoring. Finally, post onboarding checks should also be considered such as transaction monitoring and ensuring data is securely stored for effective audit management.
What types of busineses or industries can benefit from Anti-Money Laundering checks?
Many regulated industries such as financial institutions, fintech companies, crypto exchanges, B2B corporates, and more benefit from implementing an AML screening tool. nCino and other businesses design these tools to identify and prevent financial crimes, ensuring compliance with regulations and safeguarding businesses from illicit activities.
