AU10TIX, a leading global technology company in identity verification and management, announced today the release of its sophisticated anti-money laundering (AML) solution.
This innovative product is designed to tackle significant business threats, including money laundering, fraud, and terrorism financing. It integrates stringent internal quality checks and a unique decision-making mechanism, enhancing the reliability of data and improving risk management strategies.
The AML solution is highly flexible and agile, offering an assortment of integration tools and deployment options, which streamline the implementation process. A user-friendly dashboard provides an intuitive interface that enables customers to make informed decisions swiftly and with confidence. Furthermore, customizable workflows allow for the seamless integration of Identity Verification with AML and Personally Identifiable Information (PII) checks, tailored to meet each business’s specific due diligence needs.
Highlighting its commitment to precision, AU10TIX’s AML solution leverages exclusive real-time data from top-tier alpha list vendors, offering broad coverage including over 100 sanctions lists, 1,600 government websites, and 30,000 news sources. This comprehensive approach significantly reduces false positives and ensures a robust framework for extensive risk management, distinguishing it from competitors that may rely on slower, less updated data sources.
The solution facilitates a unified platform for conducting all KYC, KYB, and AML checks through a single API. This integration significantly simplifies the compliance process, saving businesses time and money. With just one API, customers can swiftly search and retrieve information from all pertinent lists, enhancing operational efficiency and user experience.
AU10TIX CEO Dan Yerushalmi emphasized, “Our advanced AML solution reflects AU10TIX’s commitment to providing our clients with the most advanced, reliable, and efficient tools to combat financial crime.
“Through robust internal quality checks and an easy-to-use dashboard, our clients can confidently navigate compliance requirements, ensuring adherence and reducing operational risk.”
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