anti-money laundering illustrated

explore the challenges and processes of modern anti-money laundering programmes

building an effective AML programme

To build an effective Anti-Money Laundering (AML) programme, you must start by knowing why you need one. Take a journey through the stages of the AML machine, from knowing the law, to defining and quantifying risk, risk management and constant improvement, with this comprehensive illustration.

suspicious activity investigation lifecycle

Knowing when to trip the alarm and investigate can be a daunting task for any organisation with an AML programme in place. Take a look at best practice, common mistakes and how to avoid them, and see how technology can help you to triage, investigate, action and review.

effective business risk assessment programme

A well-designed Business Risk Assessment Program is key to a successful AML programme. It will help you to identify where you should focus, how things are changing, and where you need to expand areas. Without it, your AML programme will be inefficient as well as ineffective.

effective customer risk assessment programme

Knowing your customer – really understanding them, their products, services, market areas and business-specific context – is vital. It can help your organisation avoid high-risk situations and ensure best practice at all times. Having a system of monitoring in place, both automated and human, is critical.

Produced in collaboration with OCEG and Refinitiv.

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about Encompass

Encompass is the creator of Know Your Customer (KYC) automation for major financial and professional service firms globally. We are the only provider of simultaneous, real-time access to multiple sources of global company, registry and person data. By using robotic search to discover everything your KYC policy demands, Encompass delivers more efficient processes and faster, safer regulatory compliance, resulting in lower costs and superior risk management.

Encompass robotically searches structured and unstructured information sources to automate your KYC, AML and EDD policies. Key elements including UBOs, PEPs, sanctions and adverse media are all identified, visualised and verified in seconds. Whether it’s one, or one thousand customers, enhanced risk assessment, monitoring and remediation can now be achieved at scale through the power of automation.