AML Analytics is an established and trusted anti-money laundering (AML) technology company. We have a team of talented and dedicated professionals delivering unrivalled RegTech and SupTech solutions.
As a result, we are now world leaders in the testing and validation of sanction screening and transaction monitoring technologies used by financial institutions in the regulated sector for protection against the risks associated with financial crime. We also test the sanction screening systems of crypto exchanges and virtual currency businesses.
Our innovative tests establish the effectiveness and the efficiency of sanction screening and transaction monitoring systems. This will help a financial institution or virtual currency business to meet regulatory requirements, minimise exposure to financial crime risk and manage resources. We have performed thousands of tests on the AML systems of leading financial institutions around the globe.
AML Analytics also works closely with Regulators, Central Banks and supervisory bodies to undertake Thematic Reviews. We help them to assess the AML systems used by their regulated entities and to understand prevalent and emerging financial crime risks.
Increased scrutiny by regulators is driving a global increase in the number and value of anti-money laundering (AML) penalties issued to financial institutions. This is happening as money laundering worldwide is estimated to reach $4.5 trillion in 2020 (United Nations Office on Drugs and Crime).
Financial institutions around the world are subsequently taking steps to mitigate the risk of receiving AML fines from regulators. They are preventing exposure to sanctioned parties and are testing the effectiveness and efficiency of AML systems with AML Analytics.