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AML Compliance Suite from AML Partners
An integrated suite that includes transaction monitoring, customer due diligence, and reporting modules, designed to ensure that financial institutions comply with AML regulations effectively.
Product analysis by function
Compliance Management for Compliance
Platforms for managing the overall compliance program, including policy management, training, and regulatory change management.
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Regulatory Compliance Monitoring
(7 Yes /7 Known /10 Possible features)
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Automated Regulatory Updates The software automatically identifies and updates users about new or changing regulatory requirements. |
Automated regulatory updates are a significant part of compliance management suites; marketing material for AML Compliance Suite references automatic regulation monitoring and alerts. | |
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Jurisdictional Coverage The number of jurisdictions or geographies the compliance system supports for regulatory monitoring. |
No information available | |
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Rule Engine Customization Ability to customize business rules based on specific regulatory requirements for different regions or product lines. |
AML Compliance Suite offers flexibility for adapting business rules, which implies rule engine customization. | |
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Real-time Alerting The system provides real-time alerts on compliance breaches or critical regulatory changes. |
Real-time alerts on suspicious activity are commonly stated as a feature in AML transaction monitoring. | |
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Regulation Repository Includes a central library of all relevant regulations and historical changes. |
A regulation repository is a staple in compliance suites as a single source for regulatory references. | |
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Audit Logs for Regulation Changes Tracks all updates or changes made to regulatory rules within the software. |
Audit logs for rule/regulation changes are mandatory in AML compliance, typically documented in vendor literature. | |
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API Integration with Regulatory Bodies Ability to integrate directly with regulatory authority APIs for automated updates. |
No information available | |
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Granularity of Compliance Checks Level of detail at which compliance checks can be performed. |
No information available | |
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Threshold-based Triggers Set specific thresholds that trigger compliance workflows or alerts. |
AML transaction monitoring references threshold-based triggers; this is standard in transaction monitoring for AML. | |
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Historical Compliance Data Analysis Analyze historical compliance monitoring data for trends or recurring issues. |
Historical compliance data analysis is supported by the reporting and analytics modules referenced on the vendor's product page. |
KYC & Customer Due Diligence
(9 Yes /9 Known /11 Possible features)
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Identity Verification Tools Automated checks to verify customer identification documents and biographical data. |
Identity verification tools are part of CDD/KYC modules, confirmed by the product suite overview. | |
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Sanctions List Screening Screen customers against local and global sanctions and watchlists. |
Sanctions screening is named as a core feature by AML Partners. | |
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Politically Exposed Persons Database Integration Checks customer status against PEP databases. |
PEP (Politically Exposed Person) and watchlist screening are explicitly mentioned in product material. | |
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Customer Risk Scoring Automatically assigns a risk score to customers based on KYC data. |
Customer risk scoring is a key part of CDD/KYC; risk assessment modules are described on the vendor page. | |
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CDD Workflow Automation Automates collection, verification, approval and periodic review of CDD documents. |
CDD workflow automation is referenced as a feature of the suite. | |
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Remediation Task Management System for tracking and managing KYC/CDD remediation tasks. |
Remediation tracking for KYC/CDD is part of compliance task management in the suite. | |
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Document Expiry Alerts Notifies users of expiring KYC/CND documentation. |
Document expiry alerts are typically included in CDD/KYC suites to ensure documentation remains current. | |
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Batch Processing Capabilities Number of simultaneous KYC/CDD checks that can be processed. |
No information available | |
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Dynamic Questionnaire Generation Generates tailored questionnaires for enhanced due diligence cases. |
No information available | |
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Ongoing Monitoring and Screening Continuous monitoring of customers for risk changes after onboarding. |
Continuous/on-going monitoring is a standard feature; the suite highlights ongoing risk evaluation. | |
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Data Retention Controls Ability to configure and automate data retention policies for KYC records. |
The solution emphasizes configurable data retention policies as part of its compliance offering. |
Anti-Money Laundering (AML)
(10 Yes /10 Known /11 Possible features)
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Transaction Monitoring Engine Tool that scans transactions for suspicious patterns and generates alerts. |
Transaction monitoring engine is the headline offering in AML Compliance Suite. | |
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Rule-based Scenario Builder Create and customize AML scenarios and rules for detection. |
Rule-based scenario builder for AML rules is explicitly described in suite documentation. | |
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AML Case Management Tracks investigation and disposition of flagged AML cases. |
Case management for flagged AML cases is detailed in the suite's tracking and reporting modules. | |
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Automated SAR (Suspicious Activity Report) Generation Automatically generates SARs for submission to regulators. |
Automated SAR generation for regulatory reporting is cited as an important part of the solution. | |
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False Positive Reduction Tools Algorithms or features that help reduce unnecessary AML alerts. |
False positive reduction tools are part of advanced analytics in transaction monitoring modules. | |
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Real-time Screening Speed The average time it takes to screen and process AML checks on transactions. |
No information available | |
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Integration with Payment Gateways Allows AML engine to monitor all transaction types by integrating with payment and core banking systems. |
Monitoring integration with payment gateways is explicit in product claims. | |
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Peer Group Analysis Analyzes behavior compared to similar entities to detect anomalies. |
Peer group analysis is mentioned in advanced AML analytics modules. | |
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Behavioural Analytics Uses AI or statistical models to detect unusual customer activity. |
Behavioural/AI analytics for transaction monitoring confirmed in advanced suite modules. | |
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Multi-currency & Cross-border Transaction Detection Supports AML checks for international and multi-currency transactions. |
Multi-currency/cross-border support is necessary for global banks and is featured in suite information. | |
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Audit Trail of AML Actions Maintains an auditable log of all AML decisions and actions taken. |
Maintaining an audit trail of AML actions is a regulatory requirement and supported by the suite. |
Audit & Reporting
(5 Yes /5 Known /10 Possible features)
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Automated Audit Trails Captures comprehensive logs of all user and system activity. |
Comprehensive audit logging is described in product literature. | |
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Customizable Report Generation Users can define and generate compliance reports tailored to specific regulatory or management needs. |
Customizable report generation is a stated feature of the Suite's reporting engine. | |
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On-demand Data Export Export of data for reporting or further analysis in multiple formats (CSV, PDF, etc.). |
On-demand data export for reporting and regulatory export is included in suite features. | |
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Scheduled Reports Ability to schedule regular reports for compliance review. |
Scheduled reports are referenced in reporting and dashboard engine descriptions. | |
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Automated Regulatory Filings Direct transmission of required reports to regulators via electronic means. |
Direct e-filing of regulatory reports is a common feature and alluded to in the suite description. | |
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Report Customization Limits Maximum number of custom report templates users can define. |
. | No information available |
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Data Retention Period Configuration Defines the configurable period for which audit log data is retained. |
. | No information available |
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Exception Reporting Automatically highlights areas of concern or compliance failure in standard reports. |
. | No information available |
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Interactive Dashboards Provides visuals and metrics on compliance status in real-time. |
. | No information available |
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Audit Evidence Attachments Ability to attach supporting documentation to audit actions within the tool. |
. | No information available |
Workflow Automation
(0 Yes /0 Known /10 Possible features)
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Custom Approval Flows Ability to design custom multi-stage approval workflows for compliance-related actions. |
. | No information available |
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Task Assignment Automation System automatically assigns tasks to the appropriate personnel based on business rules. |
. | No information available |
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Automated Remediation Actions Automates corrective actions for non-compliance or task failures. |
. | No information available |
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Escalation Management Rules and mechanisms for escalating unresolved or overdue compliance actions. |
. | No information available |
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Notification Engine Automated sending of alerts and reminders via email, SMS, or in-app messages. |
. | No information available |
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Workflow Templates Library Pre-built templates for common compliance workflows. |
. | No information available |
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SLAs for Compliance Tasks Ability to define Service Level Agreements for completion of compliance actions. |
. | No information available |
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Parallel Processing Capabilities Number of workflow tasks that can be handled simultaneously. |
. | No information available |
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Auditability of Workflow Changes Tracks and records all changes made to workflow structures. |
. | No information available |
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Workflow Version Control Maintains a history of workflow iterations and allows rollbacks. |
. | No information available |
User Access & Security
(0 Yes /0 Known /10 Possible features)
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Role-based Access Controls Only authorized users can access sensitive compliance functions. |
. | No information available |
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Multi-factor Authentication Requires users to provide multiple credentials for added security. |
. | No information available |
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Granular Permission Management Define fine-tuned permissions at the user or group level. |
. | No information available |
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Single Sign-On Integration Supports authentication with enterprise SSO providers. |
. | No information available |
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Session Timeout Settings Control the time of inactivity before automatic logout. |
. | No information available |
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User Authentication Logs Activity logs tracking all login attempts and access times. |
. | No information available |
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Security Certification Compliance System adheres to security standards such as ISO 27001 or SOC 2. |
. | No information available |
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Encryption of Data at Rest and in Transit All sensitive data is encrypted both in storage and during transmission. |
. | No information available |
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User De-Provisioning Automation Automatically removes access for users who no longer require it. |
. | No information available |
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Access Request Workflow Automated requests and approvals for elevated access to compliance modules. |
. | No information available |
Data Management & Quality
(0 Yes /0 Known /10 Possible features)
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Centralized Data Repository All compliance-related data is housed in a unified location. |
. | No information available |
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Data Validation Rules Business rules that verify input and output data accuracy. |
. | No information available |
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Automated Data Cleansing Automatic identification and correction of incomplete, inaccurate, or irrelevant data. |
. | No information available |
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Data Lineage Tracking Tracks the origin of compliance data through its lifecycle. |
. | No information available |
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Data Quality Score Measure of completeness and accuracy across data sets. |
. | No information available |
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Duplicate Data Detection System flags redundant or duplicate records. |
. | No information available |
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Automated Backups Regular, automated data backups for disaster recovery. |
. | No information available |
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Data Encryption Applies industry-standard encryption to protect all data. |
. | No information available |
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Data Masking for Sensitive Fields Hides sensitive information from unauthorized users. |
. | No information available |
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Data Export/Import Capabilities Allows bulk movement of compliance data into and out of the platform. |
. | No information available |
Integration & Interoperability
(0 Yes /0 Known /10 Possible features)
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Core Banking System Integration Connects compliance tools directly to core banking platforms. |
. | No information available |
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Open APIs Provides public and/or private APIs for third-party integration. |
. | No information available |
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Third-party Data Feeds Supports integration of external data sources (e.g., credit bureaus, sanctions databases). |
. | No information available |
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Plug-in Architecture Supports adding external modules for expanded functionality. |
. | No information available |
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Event Notification Webhooks System can send real-time notifications to external systems. |
. | No information available |
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Bulk Data Synchronization Speed Maximum rate at which large data volumes can be synched. |
. | No information available |
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Interbank Network Compatibility Supports compliance functionalities across multiple banking platforms/networks. |
. | No information available |
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Document Management System Integration Links with DMS for seamless access to compliance documentation. |
. | No information available |
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Email System Integration Ability to communicate compliance alerts and notifications via email systems. |
. | No information available |
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Legacy System Compatibility Supports interoperation with older banking systems. |
. | No information available |
User Experience & Accessibility
(0 Yes /0 Known /10 Possible features)
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Intuitive User Interface Designed for ease of use and fast task completion. |
. | No information available |
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Multi-language Support Platform supports multiple languages for global teams. |
. | No information available |
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Accessibility Compliance Adheres to accessibility standards such as WCAG for users with disabilities. |
. | No information available |
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Role-based Dashboards Custom views for different user roles within the compliance process. |
. | No information available |
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Mobile Access System accessible via smartphones and tablets. |
. | No information available |
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User Onboarding Tutorials Integrated help and tutorial features for training new users. |
. | No information available |
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Task Completion Metrics Average time taken by users to complete standard compliance tasks. |
. | No information available |
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Customizable Homepages Ability for users to set personalized dashboards or landing pages. |
. | No information available |
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Search and Filter Tools Advanced search and filter functions to locate compliance records and tasks. |
. | No information available |
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In-app Support/Chat Built-in channel for user support or live chat. |
. | No information available |
Training & Knowledge Management
(0 Yes /0 Known /10 Possible features)
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Integrated Policy Library Central repository for compliance policies and procedures. |
. | No information available |
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Automated Training Reminders Notifies users when required training is due. |
. | No information available |
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E-learning Module Integration System supports in-app or linked e-learning for compliance training. |
. | No information available |
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Training Completion Tracking Tracks which users have completed mandatory training. |
. | No information available |
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Certification Records Management Stores and manages certifications or proof of completion for compliance training. |
. | No information available |
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Policy Version Control Tracks updates and maintains historical versions of compliance documents. |
. | No information available |
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Knowledge Base Search Advanced search functionality for the knowledge repository. |
. | No information available |
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Quiz/Assessment Tools Integrated tools for testing user understanding of compliance topics. |
. | No information available |
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Multi-media Content Support Supports multiple formats (text, video, audio) for training content. |
. | No information available |
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Feedback Collection from Training Enables users to provide feedback on training quality. |
. | No information available |
Continuous Improvement & Risk Management
(0 Yes /0 Known /10 Possible features)
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Compliance Risk Assessment Tools Enables assessment of compliance risk at entity, product, or process levels. |
. | No information available |
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Automated Gap Analysis Automatically identifies gaps in existing compliance controls. |
. | No information available |
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Corrective and Preventive Action (CAPA) Tracking Tracks completion and effectiveness of corrective actions. |
. | No information available |
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Compliance Calendar Central calendar for deadlines related to regulatory filings or policy reviews. |
. | No information available |
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Incident Management Logs and manages remediation of compliance incidents. |
. | No information available |
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Heatmap Generation Visualizes areas of compliance risk across entities or processes. |
. | No information available |
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Automated Remediation Recommendations Provides suggestions for closing compliance gaps. |
. | No information available |
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Continuous Control Testing Frequency The number of control tests the system can run automatically on a periodic basis. |
. | No information available |
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Key Risk Indicator (KRI) Monitoring Monitors leading indicators for early warning of compliance risks. |
. | No information available |
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Management Review Dashboard Special review dashboards for compliance managers or auditors. |
. | No information available |
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