AML Guard

Client Location: Switzerland

Teams working on: Doremon Team, Dilbert Team, Alibaba Team

Duration: 4+ Years

Challenge: The Client wanted a comprehensive solution that checks organizations and/or people against international checklists (sanctions lists, PEPDesk, watch & blacklists, own lists of undesirable customers) and risk countries. They wanted it to be able to do both the manual comparison (search function) and automated comparisons (screening) of customer and partner portfolios with international checklists.

Additional Requirements:

Smooth Design Database and system architecture
Use Elasticsearch for search
Optimize Java implementation
Use multi-threading performance

Solution

AML Guard aims to help companies and banks prevent money laundering, corruption, and the financing of terrorism effectively. As governments require, companies and banks must identify their business and private customers and regularly check them against PEP or sanctions lists. Conducting checks, managing, and documenting the processes are time-consuming and resource consuming. With the AML Guard, companies get a comprehensive tool that does their due diligence on their customers, allowing companies to devote more time to their daily business.

Main features

Search function

The search function is usually part of the application process for examining a person and/or a company
Configuration for searched international checklists.
Company/person search
Detail check
Legal pdf documentation export

Screening

With the screening function, your person and/or company portfolio can be compared against the desired lists daily, weekly, or monthly
Person and/or company portfolio upload
Screening job management
Notification email for detected hits
Screening result export

Hit processing

The AML Guard offers you an integrated workflow for processing the hits detected by screening jobs
Decision-making on hits
Document management (ID cards, Contracts, Pictures, …)
Quality Assurance
Audit trails

PRODUCT