Future-Forward AML Software for UK: Strengthening Customer Due Diligence (CDD) Compliance

‘Relevant Persons’ in UK, as defined by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, 2017, must implement Customer Due Diligence (CDD) measures as a part of their Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Counter-Proliferation Financing (CPF) compliance obligations.

AML Software provides automated CDD solutions for Relevant Persons, streamlining the process to make it faster and more cost-efficient. AML Software offers future-forward AML solutions that readily adapts to changing AML/CTF/CPF regulations and emerging trends in money laundering, terrorist financing, or proliferation financing methodologies.

The benefits of automating CDD through future-forward solutions provided by AML Software includes:

• Digital Solutions for KYC
• Inbuilt Customer Risk Assessment Parameters
• Real Time Name Screening
• Systematic Escalation of High-Risk Customers for EDD
• Customer Lifecycle Management
• Ongoing Monitoring of Customer Relationships
• Keeping up with Regulatory Updates
• Secure Record-Keeping

Watch our video now to understand these benefits in detail.