Customer screening

AML/CFT Screening

The AfterData AML solution strictly meets the regulator’s expectations while trying to project itself on future directives. In addition to the classic asset freeze lists (UN, EU, national lists, OFAC SDN, OFAC NON-SDN, HMT, etc.), politically exposed persons and adverse media, AfterData allows the integration of specific lists to meet the needs of each company.

In accordance with the regulator’s recommendations, the analysis of third parties is exhaustive: customer base, partners, beneficial owners, and possibly suppliers.

As soon as a change occurs on an asset freeze list or within the customer IS, a match-making process is launched to carry out checks on the entire stock.

Our tool regularly and automatically integrates all the lists :

The regulator’s expectations are changing. The ACPR has fined an insurance company for failing to comply with its AML/CFT asset freezing system: the Cardif case. Learn more

“Fuzzy” search

In order to ensure an optimal level of detection, the comparison engine is based on fuzzy search algorithms. The results thus integrate orthographic and semantic approximations.

Machine learning algorithms then make it possible to greatly limit the number of false alarms in order to focus on the really relevant cases.

The additional data imported from the CRM or ERP then makes it possible to optimize the results and qualify the alerts.

Did you know

For the first time, the ECB is withdrawing the authorisation of a banking institution for breaches of AML/CFT rules (see details here).