Financial crime is everywhere, driven by economic stress and instability. Scams, fraud, and other illegal risk-taking behaviour are on the rise. Criminals will use sneaky and nefarious techniques to launder money, in an attempt to disguise their ill-gotten gains. AML and IDV software help prevent businesses from being used to support or hide criminal activities, such as corruption, tax evasion, terrorism, and other illegality.
Anti-money laundering software identifies suspicious transactions and flags questionable customer activity. It provides businesses with the tools they need to support their legal and regulatory requirements, like Know Your Customer (KYC) and Know Your Business (KYB) checks, and other compliance management.
The software is used by businesses to screen customers for AML risks, PEPs, sanctions, and adverse media, to avoid being complicit in financial crime. It is predominantly by finance, fraud, and compliance managers for AML checks. Closely related to Identity Verification Software, Fraud Detection Software and Compliance Platforms, AML providers offer a vital service to help support organisations and individuals by protecting them from financial crime and money laundering.
Avoiding the risk of financial crime and money laundering is very important to ensure the health and legality of your company. Using an AML solution that can offer quality data on millions of individuals and companies allows you to make risk-based decisions instantly. Working with a reputable AML provider increases trust and allows full visibility and transparency over everyone involved with your organisation.
Below is a list of companies, in no particular order, which are among the top AML providers in the UK today.
The business can be split into five key areas:
Detailed information on every UK company would help your sales team build a data-driven process based on real-time business data, target ideal customers, and find real-time qualified sales opportunities. The company database can be refined using over 140 filters to build targeted lists.
Unique financial health ratings accurately predict insolvency, helping evaluation into risk posed by clients and giving time for you to mitigate it.
Verify potential clients in seconds with RFA’s business intelligence software. In-depth AML and KYC checks make compliance simple.
Full risk checking, enhanced due diligence, checks against international PEPs and sanctions delivered with a cloud-based workflow and secure audit trail.
Advanced monitoring and portfolio risk management capabilities. Data updated in real-time means you can take proactive steps to protect your business.
Integrate RFA into your existing systems to improve workflow and productivity within your business. Already have built-in integrations with over 20 leading CRM including RFA API, HubSpot, Salesforce, Zoho.
Red Flag Alert offers our customers the ability to fight financial crime instantly, with our digitally enhanced and secure AML software. Customers can self-serve identity verification for all of their KYC checks, completely remotely and efficiently, saving time and providing digital storage for your ongoing audit trail.
Get peace of mind by performing your AML checks in seconds, optimising your customer screening and ensuring due diligence to assure your regulatory compliance.
Try our free trial to find out how Red Flag Alert’s global AML solution can help your business.