AML Screening & Monitoring

Reduce onboarding complexity with a one-stop solution.

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AML screening and monitoring as an add-on

Optimizing and accelerating your customer onboarding.

With automated KYC and AML screening and monitoring as a one-stop solution, it has never been simpler.

Using the latest technologies in machine learning and information retrieval to acquire information faster and more effectively than the industry standard we are able to support you in optimizing your onboarding processes. As a first step, AML checks will be offered for IDnow AutoIdent, the automated identity verification solution within IDnow’s platform. Furthermore, it will be offered for all our identification methods in the future.

As per AML regulations, for certain use cases, it is mandatory to perform AML screening and monitoring along with KYC verification. Companies are required to conduct screening of customers against politically exposed persons (PEP) and global sanctions lists to make a risk assessment and to avoid violating various sanctions. For enhanced customer due diligence, the user can be checked against global monitoring watchlists and adverse media.

Understand new risks in real-time and optimize your onboarding.

  • Secure.

    Profile data is enriched with other identifying information, along with clear traceable source links and relations to other risk entities. This helps reduce false positives.

  • Compliant.

    Global coverage as all major AML watchlists (e.g. OFAC, UN, HMT, EU, DFAT etc.) are covered, along with thousands of government sites and millions of reputable negative news sources.

  • Fast.

    Robust monitoring, update, and assurance processes leverage state of the art machine learning technology, capable of monitoring thousands of AML lists concurrently in real-time.

  • Easy.

    Seamless integration of AML checks into the KYC process and into your onboarding workflow with one API.

Use Case

Seamless AML screening and monitoring combined with automated identity verification.

As per AML regulations, for certain use cases like account opening in banking or crypto or player verification in gambling, it is mandatory to perform AML screening along with KYC verification.

Building with your business in mind, we offer the option of combining AML checks directly with IDnow AutoIdent or any other of our ident methods to optimize your onboarding process further:

  1. 1. Your customer starts the verification process for example with IDnow AutoIdent.
  2. 2. Using the data from identity verification, on-time screening is performed against global PEP and global sanctions lists during onboarding.
  3. 3. An optional check can be conducted for negative news on the verified person and they can be checked against additional global watchlists.
  4. 4. Add continuous monitoring to automatically check for changes to respond to the political and regulatory environments changes.
Download our Fact Sheet about AML Screening

Better for your business.

  • Seamless integration
  • Reduce false positives
  • Save time and cut operational costs
  • Accelerate onboarding

  • Minimize manual tasks
  • Global coverage
  • Real-time database
  • Reduce complexity

Our Products

AutoIdent

AI- and machine-learning-based identity verification for users. Our fast and AML-compliant solution – available anytime and anywhere.

VideoIdent

Digital verification via video-chat, backed by AI-technology. Our AML-compliant solution meets high security requirements.

eID

NFC-based solution for the electronic German identification card. Our identity verification solution with easy data scanning via smartphone. AML-compliant.

BankIdent

AML-compliant and secure identity verification through a simple bank transfer. Automated and available 24/7.

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