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What is AML/CTF?

AML/CTF refers to the laws and processes designed to prevent and detect the flow of money derived from criminal activities (money laundering) and the financing of terrorist activities. It requires businesses, especially those in the financial sector, to monitor their customers’ transactions, report suspicious activities, and take steps to ensure they are not facilitating illegal financial operations.

our solution

Our AML/CTF Solution

Our innovative and bespoke solution mitigates the risks associated with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF), 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.

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

Key Features

Our solution stands at the forefront of AML/CTF compliance, offering rich data integration, comprehensive identity verification via the Document Verification Service (DVS), and efficiency in compliance processes through automation.

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.

introducing our solutions

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03 9948 4089

Email

sales@globaldata.net.au

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