Data agnostic, automated search across third party, internal, and open sources datasets in near real time concurrently.
Effective KYC and AML checks are essential to protect your business. Our scalable, intuitive platform automates global PEPs and sanctions checks and enables you to seamlessly carry out enhanced due diligence; allowing you to more confidently and quickly onboard good customers and manage high-risk ones.
Sanctions lists continually evolving
Lists of Politically Exposed Persons (PEPs) and sanctioned entities are changing on a daily basis globally, while one central database and definition doesn’t exist.
Manual checks slow and expensive
Consequently, with so many sources to collate from, manually carrying out AML compliance checks require a lot of time, driving up costs of compliance and worsening the customer experience.
PEPs and sanctions just one part of the AML puzzle
Solutions capable of delivering efficiencies by automating all aspects of your AML checks – including EDD stages that require multiple data sources – are not available.
Expensive, fixed price solutions
If data providers don’t offer scalable packages, smaller businesses can find the cost of onboarding a new customer a huge commitment.
Standardised, auditable reports
With increasing regulation and the prospect of being audited, organisations need to have reports that will stand up to regulatory scrutiny.
Synalogik uses Acuris Risk Intelligence (ARI) data, offering daily, updated PEPs and sanctions data collected from an exhaustive list of both global and local sources for greater accuracy. ARI data is integrated into our data aggregation solution, Scout®, a unique platform capable of automating all aspects of AML checks including EDD. Scout® provides standardised, auditable reports, a single user interface, and access to flexible and scalable data pricing through our rich data provider partnerships and integrations.
Save up to 85% of your team’s time, compared to manual checks
With no single universal definition of “politically exposed person” (PEP), Acuris Risk Intelligence incorporates specifics from the widest rage of sources, including non-legally binding framework legislation by the Wolfsberg Group, FATF, UNCAC, JMLSG and legally-binding legislation by the EU (4MLD) and by the governments of the individual countries.
Acuris Risk Intelligence includes data from 233 countries and territories, and follows industry leading review and retention cycles to ensure maximum protection.
Benefit from additional PEP Tiering guidelines allowing clients to better understand the PEP verification process and select PEP data of interest based on their own risk appetite.
Scout® integrates commercial, consented, open source and internal data in a true single intelligence environment for KYC and AML checks; in doing so, allowing you to seamlessly move from one level of check to another, onboard faster, significantly saving time and reducing costs.
Cost effectively scale your data needs – Besides Acuris Risk Intelligence PEPs and sanctions, out-of-the box partner integrations include GB Group, LexisNexis, CreditSafe, Companies House, open-source intelligence, and credit reference agencies.
Create search and risk assessment workflows that collate and analyse across your data sources, along with visualisation of links, make it much easier to discover hidden connections and risk.
Standardised, concise reports with all sources referenced enable your analysts to make better decisions and more easily meet compliance standards if audited.
Customise your workflows to assess risk of all levels of complexity, at any stage of the customer relationship, whether it is simple or high-risk customer onboarding or ongoing monitoring.
Include variable data like Companies House to monitor your customers, reassess at periodic points, and then proactively identify customers whose patterns of behaviour are moving towards offending.
Automation of cross referencing and drawing links across disparate datasets reduces the errors that can occur when doing this manually and improve accuracy.
Overcome the problem of returning too many results from open-source searches with tools to create highly targeted automated searches around keywords, proximity, timeframe, and document type.
The generation of reports in less than sixty seconds allows you to make decisions quicker and improve the experience for genuine customers.
Businesses face increasingly strict compliance regulations, enforcement and fines; and, at the same time, more sophisticated money laundering strategies from criminals. Read our blog to understand how to more effectively and faster carry out enhanced due diligence to stay compliant.
With numerous technology solutions in the market, it can be a problem to know and understand which one is best for you. In this article, we pick apart the core elements of a successful enhanced due diligence investigation so you can better evaluate a provider’s offering.