AML Solution & Checks
SEON enhances KYC data that we already have and helps us have a better knowledge of our customers. It gives us a head start for our AML or fraud investigations.
Stay on the right side of AML compliance
Block financial criminals and sanctioned individuals, identify suspicious behavior, automate compliance, all while giving genuine customers quick and easy access.
"Failing AML compliance has serious consequences. On top of potential prison sentences, fines reached $8.1 billion dollars in 2022"
Despite increasing efforts and investment, large banks still fall victim to accidentally providing services for financial criminals.
Manually monitoring customer interactions limited in scope and resource-intensive without automation.
Trusted by the world’s most ambitious brands
Improve Compliance with AML Screening
Augment automated transaction monitoring with SEON's AML screening tool to maintain compliance. Monitor PEP & RCA, sanctions, crime, and watch lists to block sanctioned and high-risk customers. Create rules based on AML screening results to make SEON your central anti-fincrime solution.
Pre-Screen Customers with Social Media Profiling
Emails and phone numbers leave a trail of digital breadcrumbs as people use them around the web. Run checks across 50+ social and digital platforms to verify if customers are who they claim to be – spot inconsistencies and automatically flag suspicious customers for further investigation.
Block Suspicious Connections
Unleash SEON's powerful device fingerprinting and IP analysis tools to put fraudsters on the back foot. Decline purchases made using suspicious devices or connections, including browsers, tools, and addons commonly used in fraudulent attempts. Block transactions with mismatching info, such as IP geolocation different from billing and mailing addresses.
AML Solution and Checks
Anti-money laundering, or AML, is a challenge for online businesses. On the one hand, they want to remain compliant to avoid fines from regulatory bodies. On the other, deploying verification checks is expensive, time-consuming, and high-friction – especially if they don’t have the resources of a large financial institution.
This is precisely why SEON’s AML solution helps. Simply enter a name into our AML module and SEON will automatically find matches in relevant lists. That includes PEPs (Politically Exposed Persons), RCA (Relatives and Close Associates), crime lists, sanction lists, and more.
SEON’s AML lists cover the entire globe, and new lists are added and updated all the time, allowing you to enable continuous monitoring. If the status of your customers or business associates changes, you will be alerted as soon as possible, allowing you to take the necessary next steps, such as filing a SAR (Suspicious Activity Report).
By combining AML, and fraud prevention in one single tool, you reduce data silos, boost compliance, and reduce the costs associated with all three risk management strategies.
FAQ
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