Types of AML Software

Global

Anti-Money Laundering (AML) Software is essential for businesses to ensure compliance with regulatory requirements. AML software solutions are integral to automating and optimising AML compliance processes in place of manual processes. This helps businesses in alleviating the burden of time, resources, and costs attached to manual tasks.

There are various types of AML software for businesses, including:

Sanctions Screening Software
ID Verification Software
AML Know Your Customer (KYC) Software
AML Case Management Software
AML Transaction Monitoring Software
AML Customer Risk Assessment Software
AML Enterprise-Wide Risk Assessment (EWRA) Software
AML Record Management Software

Each type of software plays a key role in enhancing regulatory compliance and mitigating financial crime risks effectively.

This video provides an insightful overview of the diverse AML software solutions available to streamline compliance processes and ensure adherence to regulatory standards.

By watching this video, you will understand which AML software is essential for businesses to achieve robust AML compliance and mitigate financial crime risks effectively.