Alert!
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 AML software to enhance your 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.
Proprietary Data Customized To Meet Your Needs
With AML Watcher's AML software for banks, your institution can boost its AML strategy, reduce overall AML costs, and confidently onboard and monitor clients.
Precise matches with fewer false positives
- 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
- 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
- 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
Industry Use Cases
AML Watcher provides comprehensive compliance solutions tailored to the unique challenges facing traditional and digital banking institutions.
Consumer Banking Excellence
Protect millions of retail customers with automated compliance screening. AML Watcher enables retail banks to meet regulatory requirements while delivering seamless customer experiences at scale.
- Automated customer screening against global sanctions lists and PEP databases at account opening.
- Real-time transaction monitoring to detect suspicious patterns across checking, savings, and credit accounts.
- Adverse media screening to identify customers linked to fraud, financial crime, or reputational risks.
Business Banking Compliance
Manage complex business relationships with confidence. AML Watcher provides commercial banks with tools to screen business clients, beneficial owners, and corporate structures while monitoring business transactions for suspicious activity.
- Comprehensive business entity screening including beneficial ownership verification and UBO identification.
- Real-time sanctions and watchlist checks across corporate hierarchies and ownership structures.
- Transaction monitoring tailored to commercial banking patterns including wire transfers and trade finance.
Enterprise-Grade AML Solutions
Handle sophisticated corporate clients and complex transaction flows. AML Watcher supports corporate banks with advanced screening capabilities for multinational corporations, institutional clients, and high-value transactions.
- Multi-layered screening of corporate groups, subsidiaries, and ultimate beneficial owners across jurisdictions.
- Advanced transaction monitoring for corporate treasury, cash management, and trade finance operations.
- Sanctions compliance for cross-border payments, correspondent banking, and international trade flows.
Fast, Compliant Digital Banking
Scale your digital-first banking platform without compromising on compliance. AML Watcher enables digital banks to onboard customers instantly while maintaining rigorous AML standards through automated screening and monitoring.
- Instant AML verification and screening at digital account opening with real-time sanctions and PEP checks.
- API-first architecture for seamless integration with digital banking platforms and mobile applications.
- Continuous transaction monitoring optimized for high-volume digital payment flows and e-commerce.
Correspondent Banking Risk Management
Navigate the complexities of correspondent banking relationships with confidence. AML Watcher helps correspondent banks screen respondent institutions, monitor cross-border flows, and maintain compliance with enhanced due diligence requirements.
- Enhanced due diligence screening of respondent banks including ownership, management, and AML programs.
- Real-time monitoring of correspondent banking transactions for sanctions violations and suspicious patterns.
- Nested account detection and monitoring to identify hidden relationships in correspondent flows.
What People Say About It
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.
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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.
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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.
