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

Clients can choose to implement all four AML software modules on RegTechONE to achieve a fully-integrated end-to-end AML software solution. Or they can choose to use any of the four modules in concert with their existing AML software.

RegTechONE, the RegTech software platform, delivers exceptional AML Compliance software solutions as well as comprehensive Governance, Risk, and Compliance solutions. RegTechONE is the single RegTech platform for every GRC solution. And with true no-code configurability and platform agility, end-users configure RegTechONE to their precise requirements.

AML Partners thrives on client success. We work to anticipate and understand our customers’ needs and challenges, and then we leverage innovation in AML Compliance solutions and GRC to design leading-edge solutions.

RegTechONE’s transaction monitoring software leverages high-powered Event and Action Libraries. Once you configure your Even and Action libraries, RegTechONE automatically monitors for Key Risk Indicators and Key Performance Indicators. Transaction monitoring software on RegTechONE provides full Transaction Monitoring along with behavior monitoring. Users have multiple no-code configuration options including rules, parameters, scheduling, and Dynamic Case Management. Users may also integrate the optional FinCEN 314a module to achieve even higher levels of efficiency and automation in their AML Compliance transaction monitoring solution.

With KYC software on RegTechONE, end-users configure no-code custom workflows, Risk models, onboarding screening, document collection and expiry, and much more. Align our KYC solution precisely to your institution’s book of business, your Risk-based approach, and always evolving regulatory requirements. KYC solutions on RegTechONE lets users choose cutting-edge functionality like Perpetual KYC and eKYC Golden Record.

Sanctions Screening software on RegTechONE screens for PEPs, sanctions, and adverse media. Users can also screen vendors and employees. And with robust whitelisting, de-duplication, and secondary screening, end-users greatly reduce the problem of false positives.

RegTechONE automates your FinCEN 314a and other subpoena searches. Configure RegTech ONE to query assigned records for data matches according to current regulatory requirements in your geolocation. The Subpoena-Search software may be used on its own or fully integrated with other RegTech ONE software and tools.

Canada passed legislation to get tough on money laundering and terror financing fifteen years ago, but getting everyone to comply with the law has been a challenge—especially in real estate.

Politically exposed persons—like David Cameron and the prime minister of Iceland—are a well-known risk in AML/CFT Compliance, and best-practices on-boarding carefully accounts for that. But the Panama Papers have revealed in stark relief the extraordinary magnitude of PEPs as high-risk actors in AML Compliance.

Hong Kong-based casino operator Imperial Pacific International Holdings is finding itself in the investigatory crosshairs of the FBI. For its operations on the island of Saipan. If that doesn’t compute yet, it’s worth remembering that Saipan is the largest of the Northern Mariana Islands, a U.S. Commonwealth in the South Pacific.

HSBC is in the news on two fronts this week—profits of the international banking giant over the last year fell far below expectations, and there are new concerns about old problems with AML Compliance and the tone from top.

On one hand, the number of open positions, and the salaries for those positions, are both up. Companies the world over are taking due diligence seriously, and a big part of that is having a highly qualified team in place to monitor transactions and make sure that everything runs smoothly.

The best KYC solutions require the best AML sanctions screening software. Your sanctions screening solution should screen for PEPs, sanctions, and adverse media. And financial institutions should also be able to screen vendors and employees.

Experts in AML Compliance are also experts in creating and leveraging Risk models. So much of successful AML hinges on successfully categorizing, identifying, and monitoring for Risk, and that includes risk models in a risk-based approach. Those are foundational elements of the work of AML Compliance. But the element that experts often overlook—or do not know exists—is the key to truly exceptional Risk Management in AML. That key: Multidimensional Risk. The following details the foundations of Risk in AML Compliance—and it explains why Multidimensional Risk is the key to gaining exceptional insight into a financial institution’s AML Risk.

Travis Bender is central to the success and RegTech innovation of AML Partners. Though he first joined the company as a junior programmer, today Travis serves as Vice President of Development. A natural problem-solver and creative thinker, Travis shares some thoughts on the challenges and opportunities in leadership at AML Partners. And he reflects on his work in the field of AML software and innovative RegTech solutions.

If you believe the internet, every modern KYC solution delivers eKYC by default. AML software vendors slap the “eKYC” label on whatever KYC product they’re trying to upsell. Don’t be misled: True eKYC refers to the eKYC Golden Record. Everything else–ID verifications, uploads of digital documents, online form-filling, biometric verification, etc.–is actually modern-day KYC, not eKYC. (To learn about core features of modern KYC software solutions–what many vendors upsell as eKYC–check out Part 1 of this KYC software series on the essential features of KYC software solutions.)

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.

In an era marked by technological advancements and global financial transactions, the risk of money laundering has become a growing concern for businesses and financial institutions. To counter this threat, Anti-Money Laundering (AML) software solutions have emerged as crucial tools in detecting and preventing illicit financial activities. In this blog, we will delve into the significance of AML software solutions, exploring their features, benefits, and the role they play in securing the financial landscape.

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.