What Is AML Software?

AML software helps companies comply with regulations and fight financial crime by automating customer screening and monitoring. It checks clients against sanctions, PEPs, watchlists, and adverse media, enhancing KYC/KYB processes with AI and rule-based systems. By reducing manual work and continuously monitoring transactions, it supports audits and generates detailed compliance reports.

Key Features for AML Software

You need AML software that ensures security, compliance and a seamless user experience at every step of the customer journey. Here’s how AML software plays a crucial role throughout the customer lifecycle:

1. Customer onboarding: A secure onboarding process sets the foundation for compliance and trust. Regulations require verifying if a new user is eligible for business, which involves checking AML screening lists like PEPs, sanctions, and financial crime watchlists. Understanding your industry’s requirements ensures proper compliance.
2. Ongoing due diligence: AML efforts don’t stop at onboarding—continuous monitoring keeps all customers in a secure environment. Instead of excessive scrutiny, focus on a risk-based approach tailored to your business. AML software with custom rules and automated checks helps identify risks effectively while minimizing false negatives.
3. Complete transaction monitoring: Simply tracking high-value transactions isn’t enough. A stronger AML strategy combines transaction monitoring with digital signals and data points, offering deeper insights into customer behavior for better decision-making.
4. Robust feedback loops: A successful AML program relies on continuous learning and improvement. Machine learning enhances fraud detection by spotting patterns invisible to humans. However, these algorithms must remain transparent to ensure alerts accurately flag suspicious activity.

Top 10 AML Software Vendors

Disclaimer: Everything you’ll read in this article was gleaned from online research, including user reviews. We did not have time to manually test every tool. This article was last updated in Q1 2025. Please feel free to contact us to request an update/correction.

1. SEON

Imagine having all your AML and fraud prevention data in one place. With SEON, you can screen for PEPs, sanctions, adverse media, RCAs, and SIEs/SIPs, while also integrating digital profiling and device fingerprinting from customer onboarding—like email, phone, IP, and device details. A single API call lets you validate identities and intentions in one platform, helping risk and compliance teams reduce false positives and cut manual review time.

Here’s what makes SEON one of the most trusted AML and anti-fraud solutions on the market and a top-tier solution on G2. 

Here’s a summary of what SEON offers:

• AML screening for PEPs, sanctions, crime lists, watchlists and adverse media in real time 
• AML transaction monitoring in real-time to catch incoming and outgoing payments and monitor specific users for a one-time annual fee
• Online platform combining AML screening and transaction monitoring, digital footprint analysis and device intelligence data all in one place to combat money laundering and fraud
• Customer support providing guidance to help you set up your AML tool, tailored to your business and has a responsive customer success team to assist with any questions that you may have

With its comprehensive and customizable risk and fraud platform, SEON empowers risk and fraud teams to turn AML checks into their new competitive edge. 

2. Acuris Risk Intelligence

Acuris Risk Intelligence is an AML platform that combines intelligence on anti-money laundering, anti-corruption, and cybersecurity to support compliance teams in managing financial crime risks. It offers curated data across jurisdictions to aid regulatory compliance and risk assessment.

Its KYC6 portal allows users to search individuals or entities manually, run batch screenings, or integrate checks via API. This flexibility streamlines due diligence and enhances the monitoring of high-risk profiles in real time.

3. NICE Actimize

NICE Actimize is a leading provider of financial crime prevention, risk management, and compliance solutions, serving financial institutions and regulatory bodies worldwide. Recognized as a top player in the industry, the company leverages advanced technology to detect financial crimes, prevent fraud, and ensure regulatory compliance.

Its solutions offer real-time fraud prevention, anti-money laundering detection, and trading surveillance, covering areas such as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence, and insider trading.

4. ComplyAdvantage

ComplyAdvantage offers a suite of information for AML and risk management teams. The core of ComplyAdvantage is to make compliance less painful. The company was born out of the frustration of integrating legacy AML software, so it makes sense that they have built a RESTful API integration. We should note that one of the company’s founders, Charles Delingpole, joined SEON’s Series A round.

5. Dow Jones Risk & Compliance

Dow Jones is a legacy AML software provider offering comprehensive sanctions data coverage. They have a consulting arm that helps risk and compliance teams manage their AML programs to ensure compliance with regulations. You can also screen for incoming and outgoing payments and transactions in real time. 

6. GBG

GBG is another established provider of AML data specializing in digital identity. They have been established for over three decades and first started out providing address management services to provide an alternative to postcode and address information.  

7. LSEG Risk Intelligence World-Check

LSEG World-Check, formerly known as Refinitiv World-Check, provides AML data, a database and a data file to help risk and compliance teams adhere to regulations. As a legacy provider of AML solutions, their team is spread across the globe, serving a wide swath of markets.  

Despite their extensive data coverage, LSEG Risk Intelligence World-Check might not be the best fit for all organizations. Access to data screening requires an add-on with World-Check One, and if you need customer or payments screening, you’d need to add on Data File, a third-party workflow solution.

8. Napier

Napier provides an advanced compliance platform designed to help financial institutions combat financial crime more efficiently. Trusted by top data providers, it turns compliance from a regulatory requirement into a strategic advantage.

With deep expertise and cutting-edge technology, Napier combines big data and AI to enhance efficiency and reduce risk. Its scalable, flexible platform strengthens financial crime defenses, streamlining compliance while improving the detection of suspicious activities.

9. Oscilar

Oscilar’s is an AI-powered AML and fraud risk platform built for fintechs, offering real-time protection against fraud, theft, and financial crime. It provides a unified fraud and compliance (FRAML) view, with pre-integrated data sources, no-code workflow tools, and pre-built rule templates to speed up implementation and reduce manual work.

Its smart case management, AI-driven SAR reporting, and advanced ML models help teams detect risks faster, prioritize alerts, and streamline investigations across diverse fintech operations.

10. FinScan

FinScan offers compliance solutions for sanctions screening and PEP monitoring, helping financial institutions meet global anti-money laundering (AML) and counter-terrorism financing regulations. Its advanced technology ensures high accuracy and efficiency, enabling businesses to maintain compliance with confidence.

How to Choose the Best Software

When exploring the best AML software for your organization, navigating the myriad options with a clear strategy is essential. The right software can significantly enhance your compliance efforts, mitigate risks, and streamline operations. Here’s how to find the best AML software tailored to your needs:

• Understand your specific requirements: Assess your organization’s specific risk exposure based on the nature of your business, customer base and geographical operations. Identify the regulatory requirements applicable to your sector and jurisdiction and consider how well the software can integrate with your existing systems for seamless operation.
• Check for reliability and support: Research the vendor’s track record in the industry. Focus on reliability, customer service and updates to keep pace with evolving regulations.
• Consider cost and ROI: Understand the pricing model and ensure it aligns with your budget and usage expectations while evaluating how the software can save time, reduce compliance costs and prevent potential fines by enhancing your AML processes.
• Request demos and trials: Request a comprehensive demo to see the software in action, focusing on ease of use and how it meets your specific needs. If available, take advantage of free trials to test it out in your environment for valuable insights into its suitability.
• Gather feedback and reviews: Consult industry peers for firsthand insights and explore unbiased online reviews to assess AML software performance and reliability. Selecting the best solution involves a careful assessment of your needs, thorough research of available options, and evaluation of features and benefits to ensure regulatory compliance while aligning with your operational and strategic goals.

Frequently Asked Questions