In this comprehensive report, Forrester explains that Anti-Money Laundering (AML) programs are key for companies that facilitate financial transactions. When selecting the right AML technologies, you should consider the broader financial crimes prevention and risk management architecture within which AML sits, with special focus on:

Customer identification and due diligence. Whom you allow to transact with your firm has a huge impact on how well you can intercept money laundering and meet compliance regulations.

Sanctions screening, and transaction monitoring.

This platform can help you with all of the above. IdentityMind’s Digital Identities based AML solution is proven to streamline compliance operations by:

  • Providing real time online transaction monitoring, accurately capturing user behavior and whether such behavior is in regulatory violation or considered suspicious.
  • Having access to +20 services pre-integrated via a single API to perform Know Your Customer and identity proofing on your customers, leveraging our own unique database of more than 200 million digital identities.
  • Significantly reducing Sanctions and PEP screening false positives, from industry average of 12% to less than 4%.

Download your free copy of the full report now to see what the experts have to say.

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