AML Partners designs leading GRC & AML software for AML/CTF, Risk Management, & workflow processes on the RegTechONE software platform.

Online identity verification is a crucial aspect of Anti-Money Laundering (AML) compliance. It ensures the legitimacy of individuals and entities involved in financial transactions while adhering to stringent regulatory standards. Institutions employ various methods and technologies in this process. Each method serves a specific purpose to enhance security and maintain compliance with AML regulations.

Money laundering involves the illegal process of concealing the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. It poses serious threats to the integrity of financial systems, making detection and prevention paramount for institutions across various sectors.