AU10TIX, the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.
The AU10TIX AML solution aims to address the significant business risks posed by financial crimes such as money laundering, fraud, and terrorism financing, the solution incorporates rigorous internal quality checks and a proprietary decision-making mechanism to filter out unreliable data.
Thanks to the solution’s agility and boasting a range of integration tools and deployment options, it looks to enable fast and hassle-free implementation processes.
It also boasts a user-friendly dashboard that offers an intuitive interface, enabling customers to make informed decisions quickly and confidently. Customisable workflows enable seamless integration of Identity Verification with AML and Personally Identifiable Information (PII) checks, tailored to each business’s due diligence requirements.
Dan Yerushalmi, CEO of AU10TIX
“Our advanced AML solution reflects AU10TIX’s commitment to providing our clients with the most advanced, reliable, and efficient tools to combat financial crime,” explained Dan Yerushalmi, CEO of AU10TIX. “Through robust internal quality checks and an easy-to-use dashboard, our clients can confidently navigate compliance requirements, ensuring adherence and reducing operational risk.”
By leveraging real-time data from high-quality alpha lists, AU10TIX’s AML solution provides comprehensive coverage, spanning over 100 sanctions lists, 1,600 government websites, and 30,000 news sources. Through this, it looks to ensure reliable data integrity, minimising false positives, and providing businesses with a powerful resource for comprehensive risk management.
Bolstering compliance efforts
The all-in-one solution enables users to access all KYC, KYB and AML checks through a single API, significantly streamlining the compliance process. This allows businesses to efficiently manage their compliance requirements, saving both time and money. With just one API, customers can search for an individual or business and immediately access results from all relevant lists, enhancing both efficiency and user experience.
AU10TIX’s holistic verification solutions cater to a wide range of industries, including banking, financial services, insurance, crypto, payment, investment and trading firms, and gaming/casino companies. By providing a one-stop shop for all identity verification and AML compliance needs, AU10TIX ensures businesses can operate securely and efficiently. The solution’s global reach extends over 240 countries and territories, providing unmatched coverage and reliability.
This launch marks a significant milestone in AU10TIX’s strategy to provide unified solutions for verifying both individuals and businesses. With the industry shifting towards comprehensive data services, AU10TIX continues to enhance its product portfolio to meet the demands of modern compliance and security standards.
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