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Comply Better with Effortless Watchlist Screening

Effective compliance and strong customer relationships start with a smart watchlist screening strategy. Updated and reliable AML Watchlists within AML Watcher deliver best-in-class screening experience, helping organizations to cost-effectively comply with increasingly complex compliance regulations.

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Logos of different sources of watchlists included in our database.

Automate with Confidence

Reduce Manual Effort with User-Friendly Technology

Leveraging industry-proven functionality and the ability to automate compliance workflows is a rapidly growing requirement, as it guarantees a seamless and efficient process from the initial case creation stage all the way to the final report generation and ongoing monitoring.

Reduced Risk

Enhance alert generation by configuring screening rules with our AI-driven, industry-leading search algorithms, minimizing false positives and risk exposure.

Cross-Industry Adoption

AML Watcher facilitates industry-specific risk scoring and flexible rules of screening while maintaining centralized control over the entire screening process and configurations.

Automated Compliance

Automate checks to improve regulatory compliance and decrease risk probability. AML Watcher centralizes watchlist management and offers preconfigured screening parameters to reduce operational costs and time.

Simplified Screening

Get quick access to a vast repertoire of watchlists, match rules, and deployment options that match the requirements of the framework within which you operate.

Global Compliance

Stay Globally Compliant with Our User-Friendly Solution

AML Watcher’s multi-tenant capability makes customer screening easy across multiple countries and diverse industries. By using rule-based monitoring and scalable watchlists, experience a wide range of solutions all within a single solution.

Compliance Across Industry

Use our proprietary network of industry-specific watchlists to screen individuals and companies from 235+ countries and territories. Screen through 1300+ regulatory and disciplinary authority official lists from around the world for effective risk assessment. Our global watchlists database contains:

  • Fugitive Lists
  • Exclusion Lists
  • Fraud Warnings
  • Debarment Lists
  • Disciplinary Actions
  • Enforcement Actions
  • Wanted Lists
  • Restricted and Denied Party Lists
  • Fitness and Probity Lists

Infographic of the different types of watchlists AML Watcher searches from.

Industry-Specific Custom Risk Scoring

Maximize operational efficiency through customizable risk rules and criteria, ensuring adherence to your specific operational needs and compliance risk-based approach. Automation thresholds allow you to automatically approve and decline matches while maintaining a comprehensive audit trail of all activities, reducing manual workload.

  • Open and Transparent Configuration
  • Optimal deployment of resources through risk scoring and prioritization
  • Advanced threat detection
  • Custom Whitelisting/Blacklisting
  • Global screening in 80+ Languages

Flowchart of customer onboarding using sanction screening with different paths for high and low risk

Real-time, Automated Ongoing Monitoring

By connecting your business to the synergy of human expertise and advanced analytics, we help enable faster screening and automated ongoing monitoring that is auto-tuned to faster case management without compromising on growth demands across industries.

We help your business with:

On-demand screening

Allowing you to evaluate the risk of an entity by entering its information.

Real-time screening

To onboard and screen customer profiles to assess the risk of an entity, including third parties, in real-time.

Scheduled periodic assessments

to promptly identify changes in risk profiles for the entire customer base.

Flowchart of a change in PEP level of Rishi Sunak from level 2 to level 1

Understanding the Problem

The Compliance Failure of USAA Federal Savings Bank (USAA FSB)

The Office of the Comptroller of the Currency and the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), fined USAA Federal Savings Bank $60 million for failing to implement and maintain an anti‑money laundering program as mandated by US Bank Secrecy Act (BSA).

Challenge

FinCEN highlighted some of the key problems in its 29-page report on the case, which included:

  • In 2021, the new transaction monitoring system of the bank failed to flag over 1,300 cases, creating an unmanageable number of alerts and cases.
  • The report depicted a lack of timely and accurate filing of nearly 3,873 SARs.
  • Since the bank failed to obtain significant information at the time of onboarding thus failed to “assess a customer’s risk and support effective suspicious activity monitoring.”
  • By 2018, the bank was aiming to fill 178 positions, however poor reputation led to 62 vacancies still pending by 2021.

Solution

  • Enhanced due diligence
  • Batch and real-time screening
  • Advanced threat detection
  • Customizable workflows
  • Enhanced case management
  • Biometric AML for minimum false positives

We are here to consult you

Whether you’re curious about AML Watcher or want to discuss your needs

  • Find right product and pricing for your business
  • Get your current solution provider audit & minimise your changeover risk
  • Gain expert insights with quick response time to your queries


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