Alert!
Compliance Guidelines: United Arab Emirates
Compliance Guidelines: Germany
UK to Launch World’s First Sanctions Regime to Target Upstream People Smuggling
Utah Lawsuit Alleges TikTok Livestreams Facilitated Money Laundering Activities
Why Should states conduct AML Due Diligence for CBI/RBI Investment Schemes?
How can businesses comply with US sanctions on vessels?
Difference In AML: DNFBPs Vs Financial Sector
Difference in EU and US Sanctions Programs - How It Impacts Compliance?
How Regulatory Gaps Fueling Money Laundering in High Risk Jurisdictions?
Mapping Anti-Money Laundering Regulations in Malaysia
Reduce False Positives, Prevent Faulty Penalties
Balancing customer experience with stringent regulatory requirements is critical. Whether you're a retail bank, digital bank, or enterprise bank, AML Watcher offers tailored solutions to help you in the AML banking process:
- Prevent litigations by reducing false negatives by 15%
- Reduce time spent per case by reducing false positives by 44%.
- Accelerate customer onboarding while effectively managing risks.
The Challenge
Higher False Positives, More Risks
Banks today face the challenge of identifying risks beyond basic sanctions and watchlists — inconsistencies around PEP Definitions, conflicting sanctions regimes, evolving fraud typologies, divergent regulatory requirements of risk assessments, and doing due diligence for association with predicate offenses.
Our Solution
proprietary data customised to meet your needs
With AML Watcher, your bank can boost its AML strategy, reduce overall AML costs, and confidently onboard and monitor clients. We use proprietary data to overcome issues faced by other data providers mentioned above.
Precise matches with fewer false positives
AML Watcher enriches its data with DOBs, unique identifiers, RCAs, and aliases, unifies PEP and watchlist definitions, and uses biometric data to reduce your false positives by 44%
- Data coverage with 235+ countries and states
- Transliteration capabilities in more than 80 languages
- Real-time updates for proactive risk detection
Customize your RBA to match your risk appetite
AML Watcher allows you to configure screening parameters according to your bank's risk-based approach, whether adjusting fuzzy scores or customizing thresholds for high-risk clients.
- Customize risk engines to meet your regulatory requirements
- Create your own search profiles based on your risk appetite
- Add sources to the existing database to make it tailored for you
Enhance Security with On-Premise Solutions
Our on-premise solutions ensure that your client screening is conducted with the highest level of security, eliminating the risk of external data breaches. By keeping sensitive data within your infrastructure, you meet compliance standards and safeguard your customers' privacy.
- An uptime of 99.99%, we ensure that your screenings are consistently operational.
- API designed for various tech stacks ensuring a smooth integration process.
- Whether you're integrating or using on-premises solution, we provide 24 hours support
Don't just take our word; hear from our clients!
Navigating through adverse media sources often chaotic and overwhelming content can be challenging. Still, AML Watcher's proprietary biometric data matching capabilities can achieve complete accuracy and filter out false positives.
Anti Money Laundering Officer
AML Watcher maintains such features as 1300 plus diverse watch-list databases, over 200 comprehensive sanction regimes, 235 plus countries while ensuring comprehensive coverage, over 5000 reputed and reliable media sources with global coverage, 80 plus languages enabling multilingual reach, and finally over 100,000 unique reliable data sources.
Sanctions Advisor / Associate Director
AML Watcher's vision is to create a simple solution with as little operator activity as possible, which can improve the defense against money laundering and reduce the impact of money laundering.
Head of Compliance - Eleving Consumer Finance CEO / Founder - Edulatica
Empower your AML compliance!
What does “Good AML Data” mean for AML Watcher?
Your AML screening solution is as promising as the weakest link in your data chain.
Download
Publications
AML screening is critical for the banking industry, but navigating its complexities can be challenging. How do you ensure comprehensive coverage while reducing false positives? Explore strategies and insights in our latest publications.
Learn More
Blogs
What role does AML screening play in fortifying your defences against financial crime? How can banks balance thorough compliance with operational efficiency? And what tools are redefining screening practices for sanctions, adverse media, PEPs, and more? Dive into these topics and more in our latest blogs.
