Anti-Money Laundering (AML) Screening

Anti-money laundering (AML) legislation became well-known following the enactment of the Patriot Act and the establishment of the Financial Action Task Force (FATF). By screening a company or individual’s name, it’s possible to determine the amount of risk involved in doing business with that entity. This is why AML screening is so important, as it can help reduce the risk of money laundering and make it more difficult to commit financial crimes.

Protect Your Business with AML Screening Software

You’ll be able to keep your business consistently protected with the help of AML screening software that keeps the process efficient while helping you ensure compliance. Using some of the best AML screening technology, you can accurately identify and avoid potential risks. You’ll benefit from improved protection that eliminates security concerns and maintains efficiency.

With the help of Truth Technologies Sentinel™ product for AML screening, you’ll be able to more effectively keep your business secure and eliminate the challenges of due diligence. You can also utilize our Enhanced Due Diligence reports when screening for AMLs to further improve the efficiency of your processes. Our software includes a variety of features to allow you to easily screen for AML risks and avoid potential problems such as false positives and noncompliance.

Benefits of AML Screening with Truth Technologies

Our AML screening technology will provide you with everything needed for the accurate identification and verification of AML risks without any hassle. There are several specific benefits that come with our AML screening product, including:
  • Improved compliance – Remain compliant with US, EU, and Canadian privacy and AML rules and regulations, with the ability to configure accounts with comprehensive and non-editable audit logs for reporting and due diligence verification.
  • Reduced workload – Eliminate the need for manual data entry with automated onboarding, with a low false-positive rate, as well as New Data Alert features and Continuous Customer Monitoring that can greatly reduce instances of matches that require review by as much as 75%.
  • Continuous Protection – With Continuous Customer Monitoring, rescreen any relevant entities automatically every week or month. Sanction lists and money-laundering risks are fluid, CCM will continuously monitor to make sure you remain compliant.
  • Ease of use – User-friendly and fast remediation screens, workflow, SAR and CTR reporting, Batch Screening, and Real-Time APIs give you the ability to review thousands of customers without ever needing to manually enter data.
  • Painless integration and maintenance – Our AML screening technology also features automatic updates for your software, database, and entire system with integration and batch processing completed within a single day.
  • Data Agnostic – Our information comes from many databases.
  • Maintain international operations – Our AML screening solutions are available in English, Spanish, and French, with global watch list support for all names and addresses.
enhanced-header-banner

Implement a Complete AML Screening Solution from Truth Technologies

If you would like to learn more about our AML screening solution, request an AML screening tool demo today and we’ll show you what makes our software among the best available for due diligence and KYC. You’ll see why our software ideal for screening for AML risks and performing other tasks to keep your business processes both secure and efficient.