AML automation for streamlined compliance

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulation requires banks and regulated firms to ensure their global policies and procedures are consistently followed.

encompass puts organisations back in control by automating repetitive and manual Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes. Automated due diligence compiles data based on your policies and builds audit trails for compliance.

optimal protection from regulatory risk

Simultaneously verify customer supplied information, discover ultimate beneficial owners (UBOs), screen for sanctions and Politically Exposed Persons (PEPs) and conduct adverse media checks using advanced AML automation.

implement a risk-based approach

encompass provides a comprehensive single view of a customer, allowing you to confidently assess risk, apply risk ratings and ensure risk-based approach to AML/CTF compliance, with all decisions and actions recorded in a detailed audit trail.

enhance your existing compliance processes

The encompass API easily integrates into your existing AML/CTF systems allowing you to realise the benefits of AML automation without requiring infrastructure changes.

capabilities

automate and streamline CDD/EDD data gathering

encompass robotically automates information and news discovery from your trusted sources for CDD and EDD, based on your policies.

quickly verify customer information and identity

seamless access to global corporate registries and electronic identity verification allows encompass to automatically verify information supplied by the customer.

discover ultimate beneficial owners

encompass automatically discovers UBOs to the thresholds dictated by your AML/CTF policies using your choice of free and premium company data sources.

automate and streamline CDD/EDD data gathering

encompass robotically automates information and news discovery from your trusted sources for CDD and EDD, based on your policies.

quickly verify customer information and identity

seamless access to global corporate registries and electronic identity verification allows encompass to automatically verify information supplied by the customer.

discover ultimate beneficial owners

encompass automatically discovers UBOs to the thresholds dictated by your AML/CTF policies using your choice of free and premium company data sources.

automatically screen for regulatory risk

According to your risk-based approach, encompass seamlessly screens individuals and entities against your preferred suppliers of PEP and sanctions data.

identify adverse media

encompass robotically automates negative news checks, ensuring they are completed consistently, and employs artificial intelligence to prioritise results most relevant to you.

be alerted to changes in customer risk profiles

According to your risk-based approach, encompass continuously monitors customer profiles for material changes that may trigger the need for Know Your Customer (KYC) remediation.

dynamic creation of a full audit trail

encompass builds a complete audit trail for every search and action taken on a profile for demonstrable compliance.

see encompass in action

benefits

improve the quality of your KYC

enhance your ability to detect potential regulatory and financial crime risk

improve customer experience

safely onboard customers more quickly with automated data gathering

gain full control of KYC

ensure consistent adherence to AML/CTF policy requirements globally

reduce the cost of KYC

manage compliance spend by automating low-skilled manual tasks

delivery

SaaS portal

our intuitive user interface provides you full automation to access all of your trusted data sources, run searches and discovery, view and action results and conduct ongoing monitoring in one place

API

the encompass API links more than 70 data providers into a single interface, connecting you to the most in-depth and relevant data you need to make your customer onboarding decisions

related content

best practice in AML and KYC compliance

the new know your customer standard

OFAC Compliance Q&A with Eric A. Sohn

discover what encompass can do for you

Ready to learn how encompass can accelerate your client onboarding and compliance checks?

Fill out the form to request your personalised consultation on how encompass can help your business.

Alternatively you can contact our team directly on 0333 772 0002.

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