Why does AML matter?

A complex and criminal process, money laundering disguises gaining funds illegally, making the funds appear legitimate. Money laundering has far-reaching implications for society, including corruption, economic instability and a loss of trust in the integrity of financial institutions.

Efforts to combat money laundering in banking and finance involve a range of approaches from AML & know-your-customer (KYC) policies.

Money laundering is a prevalent and global danger

  • In one year, the estimated amount of money laundered globally is 2-5% of global GDP, or $800 billion to $2 trillion.
  • Less than 1% of global money laundering is currently seized and frozen.
  • In 2022, financial institutions worldwide faced significant penalties, totaling nearly $5 billion, from reported AML events, making it one of the largest cumulative fines in history.
  • Criminal money laundering syndicates created an underground financial system to process transactions and payments separately and are invisible to oversight and legal economic systems.

How our services work with your AML solution

Dynamic, advanced solutions that assist financial institutions in their fight against money laundering and fraud.

Account opening fraud detection

Account opening solutions work by verifying the legitimacy of individuals while creating an account. Using different global identity data, it analyzes and evaluates the risk posed by a particular identity. Our solutions can cross-reference identity factors to verify the authenticity of the user. This identity information enables businesses to make informed and safe decisions when approving user accounts to reduce the risks of fraudulent accounts that may lead to money laundering.

Our solution start before the creation of accounts by individuals or entities to launder money take place. Through real-time insights into users and the ability to detect potential discrepancies or suspicious patterns in identity data, our solutions can help in creating a foundational barrier to aid in your AML checks and regulation.

Risk assessment and management

The manual review process that many teams and financial institutions face is a time-consuming pain point. Tools that aid in risk assessment and streamlining the process helps to alleviate this issue.

We offer a unified platform that provides a broad range of identity data and insights. It creates a comprehensive view of a user’s digital identity that lets reviewers quickly verify a user’s identity and analyze and compare digital behaviors with features that make the review process more efficient and accurate.

You can utilize a manual review tool in your AML process by providing a comprehensive view of a user’s digital identity, allowing the financial institution or business to detect suspicious activities or inconsistencies in user profiles more effectively.

Transaction monitoring

A tool that assists businesses in assessing risk levels, we offer a transaction risk solution that can assist in determining the risk levels of online transactions in real-time. Our transaction risk solution provides access to identity data points and predictive insights. Delving into identity data details works with the Identity Network insights to create risk scores. These scores assist companies to quickly determine the legitimacy of transactions and make educated decisions about users. Using more detailed information aids in the prevention of fraudulent activities.

Transaction monitoring assists in AML checks and efforts by quickly identifying suspicious online transactions that could imply money laundering may be responsible. The risk score aids financial institutions and businesses in noticing potential criminal transaction patterns by analyzing various identity data points. The real-time assessment allows institutions to react immediately while creating timely reports to regulatory authorities. Transaction monitoring also ensures compliance with AML regulations and helps stop laundered money from integrating into the financial system.

Learn more about AML


Five steps to AML risk assessment

Explore the five steps involved in performing an effective AML risk assessment and the importance of implementing them to ensure compliance and protect your financial institution or business from money laundering risks.


Five AML measures that help counter synthetic identity fraud

Discover five powerful AML measures that help combat synthetic identity fraud. Gain insights into robust customer identity verification, data analytics, watchlist screening, enhanced due diligence and collaborative information sharing. Empower your organization to stay steps ahead in the battle against sophisticated online fraudsters.


Account opening solution

Analyze a powerful tool that can help institutions verify the identity of new customers during the account opening process. Within this online resource is a comprehensive overview of the features and benefits, as well as its integration process.

Testimonials and recognition

“[The] Account opening solution is very helpful as it helps us to identify more legitimate users before going through a digital KYC process.”

– Mark Ross-Smith, CEO of Status Match

Trusted by over 2,000 Customers Worldwide


Contact us for more information on the tools and solutions we can offer.