AML screening solutions
Billion-dollar fines for AML and Counter-Terrorism Financing (CTF) compliance failures are becoming the norm globally. Manual AML processes cannot be scaled and audited to provide the level of protection required in today’s complex regulatory landscape.
Intelligent process automation
Using intelligent process automation, Encompass automatically unwraps corporate ownership structures and screens relevant individuals and entities for PEP, sanctions and adverse media risk. Screening is conducted in line with your existing AML/CTF policies, with a full audit trail dynamically compiled for demonstrable compliance.
Key benefits of automating AML screening
Get optimal protection from regulatory risk and personal liability
Encompass comprehensively and accurately maps out corporate ownership structures to provide the full picture of a customer. This provides a solid foundation for AML screening and monitoring, enhancing regulatory compliance and improving defences against fines and personal liability.
Implement a risk-based approach to AML
The Encompass API easily integrates into existing AML/CTF systems and processes, allowing organisations to realise the benefits of automated AML solutions without infrastructure or policy changes.
Enhance existing compliance technology and processes
The Encompass API easily integrates into existing AML/CTF systems and processes allowing organisations to realise the benefits of automated AML solutions without requiring infrastructure or policy changes.
Encompass’ anti-money laundering solutions at a glance
Automate and streamline corporate CDD/EDD data gathering
Encompass automates document and data collection, analysis and integration from public and premium sources for fast and effective CDD and EDD, based on your existing 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 thresholds dictated by your AML/CTF policies for a risk-based approach. Encompass performs UBO discovery in minutes, not hours.
Automatically screen for regulatory and reputational risk
Encompass’ AML solutions include seamlessly screening individuals and entities against your preferred suppliers of PEP, sanctions and adverse media data.
Monitor for changes in customer risk profiles
In line with your organisation’s risk-based approach, Encompass continuously monitors customer KYC profiles for material changes that trigger the need for KYC remediation.
Dynamic creation of a full audit trail
Encompass dynamically builds a complete audit trail for every search and action taken on a profile for demonstrable AML compliance.