SMART-AML and Customer Due Diligence Tools (KYC)

January 2014

 

 

SMART-AML implements the KYC Customer Due Diligence principle which is an important tool of risk identification and assessment in the AML software to detect suspect entities trying to infiltrate a financial system.

 

It provides tools such as:

 

• List Screening: to determine if an applicant appears in any kind of published lists, Black lists and internal Watch lists

 

• KYC Compliance: Compliance evaluations (Know Your Client) to supervise the observance levels of the national and international regulation. Customer accounts are scanned regularly to detect potential red flag that requires the triggering of alerts