In a landscape of evolving financial regulations and increasing scrutiny for jurisdictions by bodies such as FATF and Moneyval, KYC360’s award-winning technologies enable financial services regulators to elevate their jurisdiction’s AML compliance with global standards.
Designed to streamline and fortify compliance processes, KYC360 provides tools for seamless license-holder application and monitoring processes with dynamic risk assessment, screening and continuous monitoring that automates the identification of high-risk license holders, directors and beneficial owners.
Increased Scrutiny from International Regulatory Bodies
Regulators face heightened pressure from international regulatory bodies to demonstrate adherence to evolving AML/CTF standards and enable smooth cross-border cooperation. Failing to do so could lead to grey listing, which results in reputational damage and reduces competitiveness.
Keeping Up with Evolving Threats
Criminal activity is increasingly complex and emerging technologies like virtual assets pose unique risks. Regulators must ensure that firms have the right systems in place to detect and mitigate these threats in real-time. As financial crime evolves quickly, regulators must lead their jurisdictions with proactive measures to protect consumers against harm.
Managing Resources Efficiently
As the landscape becomes increasingly challenging, financial services regulators often operate with constrained resources, which makes it difficult to effectively monitor large numbers of license holders and transactions. Automation and advanced technologies like AI and machine learning are needed to support scalable oversight without overburdening personnel.
Award Winning Screening
Screen License-holders, directors, beneficial owners and connected parties to easily uncover complex corporate structures and identify hidden risks proactively.
Enhanced Transparency and Reporting
KYC360’s analytics provide insightful, actionable reports that align with international AML standards, aiding regulators in detecting and addressing emerging threats.
Data-Driven Risk Management
Leverage AI and machine learning to extract data from current and historic application documentation and automatically populate internal risk profiles.
Seamless Integration
KYC360’s technologies are compatible with existing regulatory frameworks and are built to adapt quickly to changes, reducing time and resource demands while enhancing overall compliance infrastructure.