‘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:
Watch our video now to understand these benefits of AML Software in UK in detail.