of firms say they’re re-evaluating their risk appetite due to the uncertain economic environment (ComplyAdvantage)
was stolen in the UK through fraud in 2022 alone
(UK Finance Annual Fraud Report)
of GDP is lost worldwide thanks to money laundering
(UNODC)
surge globally in 2022 for institutions failing to prevent money laundering and other financial crime
(ComplyAdvantage)
Detect and prevent money laundering, ensuring compliance with evolving regulations.
Surface actionable insights from multiple data sources through a single platform to save time and lower costs.
Customise your matching thresholds and receive risk intelligence to identify onboarding challenges before establishing a business relationship.
Build trust from the first conversation and accelerate the onboarding journey without cutting corners.
This is a powerful partnership. FullCircl’s Customer Lifecycle Intelligence platform combined with our rich data and screening tools means financial institutions can confidently identify a broad range of relevant risks efficiently and cost-effectively for faster onboarding, efficient compliance, dynamic risk assessment, and superior customer experiences.
Screening against PEPs, sanctions, adverse media, watchlists and credit through an intuitive AML screening tool.
Access PEPs, Sanctions and Adverse Media with categories aligned to the latest FATF recommendations and a 70% reduction in false positives.
Recognise the connections between directors, shareholders, and group companies up to the Ultimate Beneficial Owner.
Access credit and financial information and receive notifications of any changes to a customer's credit status.
Gain real-time access to official company filings from over 365 million entities in 160+ countries through leading KYB solutions.
Re-screen your customers through our AML software and receive peace of mind that no changes to current customers will have an impact on the AML risk management program.
Combine our Anti-Money Laundering checks with anti-fraud capabilities including bank account verification, mortality screening, and age verification.
Add an additional layer to your screening tools by utilising document verification with facial comparison on over 6000 global document types.
Customer Lifecycle intelligence from FullCircl helps regulated businesses win the right customers, accelerate onboarding and keep customers for life
AML/KYB automation for better onboarding and risk management.
Discover the power of all access automation to the UK’s richest source of company data and intelligence
Access an identity verification platform including global KYC, AML, anti-fraud, document verification, age verification, and more.
Experience FullCircl's capabilities first hand. Sign up for a demo today and see how FullCircl empowers your business to attract ideal customers, streamline onboarding, and foster lasting relationships.
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AML, or Anti-Money Laundering, is a set of regulations and procedures designed to prevent illegal financial activities, such as money laundering and terrorist financing within regulated industries.
The 6th Anti-Money Laundering Directive is a European Union directive aimed at enhacing the EU's AML framework. It introduces stricter rules and measures to combat money laundering and terrorist financing.
AML primarily focuses on preventing and detecting money laundering and terrorist financing, whilst fraud addresses a broader range of deceptive practices that can result in financial loss or reputational damage.
FRAML, or Fusion of Fraud and Anti-Money Laundering, integrates key components such as advanced analytics, machine learning, and behaviour analysis. It combines fraud prevention tools and AML screening software by leveraging shared data and patterns. By examining financial activities holistically, FRAML detects anomalies indicative of both fraud and money laundering, enhancing the overall effectiveness of risk mitigation.
Implementing an effective Anti-Money Laundering (AML) program involves several steps. Companies should begin with a risk assessment to understand current protocols. Once improvement areas have been identified, then move to establishing a Customer Due Diligence (CDD) program, including KYC, and ongoing monitoring. Finally, post onboarding checks should also be considered such as transaction monitoring and ensuring data is securely stored for effective audit management.
PEPs (Politically Exposed Persons) and sanctions are crucial elements in AML. PEPs are individuals with prominent political roles, and sanctions involve restrictions on financial dealings with specific individuals or entities to prevent illicit funds flow.
AML software automates and streamlines AML compliance processes. It helps regulated businesses identify suspicious transactions, screen customers against global PEP, sanctions, and adverse media data, and maintain compliance with AML regulations, reducing manual efforts and human error. Ultimately, AML compliance software enhances compliance whilst allowing businesses to keep ahead of AML regulation.
Many regulated industries such as financial institutions, fintech companies, crypto exchanges, B2B corporates, and more benefit from implementing an AML screening tool. FullCircl and other businesses design these tools to identify and prevent financial crimes, ensuring compliance with regulations and safeguarding businesses from illicit activities.
How can this ingenious solution supercharge your business? What challenges can we tackle head-on today? And of course, we know you're curious about our scalable plans. Not to worry, we've got a friendly team of FullCircl'rs ready to break it all down:
For Banks, Lenders, and Insurance companies who want to find the right customers, onboard them quickly and keep them for life, we provide FullCircl.
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