AML compliance software

Ensuring AML/CTF compliance is essential for businesses under AUSTRAC regulations. Our solution integrates extensive data sources, including verified Australian government-approved databases, to simplify compliance processes and reduce risks. With ongoing screening processes, Enhanced Customer Due Diligence (ECDD), and Customer Due Diligence (CDD), we provide strong protection against financial crimes, ensuring your organisation remains compliant and secure.

WatchEye

Real-time alerts and monitoring for AML/CTF compliance and financial transaction security.

WatchEye
IDFEX ID Check

Swiftly verify Australian identities with IDFEX, integrated with the Document Verification Service (DVS).

IDFEX ID Check
Financial Crime Management

Comprehensive fraud prevention and regulatory compliance through ECDD, PEP screening, and transaction monitoring.

Financial Crime Management
Transaction Monitoring

Real-time transaction screening with customisable alerts for robust AML compliance.

Transaction Monitoring

Assessing ML/TF Risks

Our innovative and bespoke solution mitigates the risks associated with Money Laundering (ML) and Terrorism Financing (TF), leveraging comprehensive data sources including PEPs, Sanctions, and other trusted, verified government databases to reduce exposure to high-risk users. By incorporating these verified government data sources, our AML/CTF solutions are further enhanced, providing an added layer of reliability and security.

austrac compliant

Our Solution

Specifically designed for various sectors, including financial services, bullion trading, and gambling services, our approach ensures robust identity verification, efficient KYC checks for a comprehensive customer view, and comprehensive adverse background checks. This provides a flexible and integrated approach to effectively mitigate risks and ensure compliance with the latest regulations.

peps & sanctions

Understanding PEPs & Sanctions

Politically Exposed Persons (PEPs) are individuals in prominent public positions or their close associates, who are at higher risk of involvement in corruption or bribery, necessitating diligent checks to assess risk profiles.

A Sanction’s List is a compilation of individuals, organisations, or governments restricted or penalised, crucial for maintaining AML/CTF compliance and preventing financial crimes.

aml/ctf features

AML/CTF Compliance Tools

Our AML/CTF solution ensures comprehensive AUSTRAC compliance by integrating extensive data sources, including verified Australian government-approved databases. Our solution helps businesses facilitate effective risk management and fraud detection through ongoing screening processes, as well as performing:

  • Enhanced Customer Due Diligence (ECDD)
  • Customer Due Diligence (CDD)
  • Document Verification
  • Identity Data Verification
  • AML Screening
  • Transaction monitoring
  • PEPs and Sanctions screening
Transaction Monitoring and Alerts

Transaction Monitoring and Alerts

Our monitoring and alert system has a wide range of applications, such as:

  • Fraud Prevention: Proactively identify any potential fraud threats or suspicious activity.
  • Financial Transaction Monitoring: Oversee financial transactions and detect suspicious activities for AUSTRAC reporting.
  • Customer Management: Keep track of customer file changes, including address updates and contact information changes.
  • PEPS & Sanctions Alerts: Ensure regulatory compliance with alerts for PEPs, sanctions, for AML/CTF compliance.
  • Debt Recovery: Monitor debtor files for changes and protect payment plans.
  • Customisable Rules: Tailor WatchEye to meet your specific needs with customisable alerts and monitoring rules.
  • Multi-File Monitoring: Set up as many monitoring programs as needed within the one system and set customised frequency of alerts

Simplifying Compliance with Technology

Our API and DVS solutions facilitate secure and efficient compliance, simplifying the complexities of AML/CTF regulations. By integrating seamlessly into existing systems, we assure compliance with AUSTRAC standards, reducing manual workloads through automated processes.

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