Money is the root of all evil. This famous saying has been present since a long time ago, and its meaning still applies today. Money pushes people to go overboard, act illegally, and do things for the glory of money, hence plenty of ill-nurtured actions are created to get the bag. One of these is money laundering; this is an illegal process of generating money from illegal ways that are often covered up to look legal. This ill-nurtured activity is dangerous and highly concerning, hence people are taking extra precautions to lessen this.
Check on the full article to know a software that can be used, its benefits, its features, the top 10 software available in the market, and the answers to the frequently asked questions.
15+ Anti Money Laundering Software
1. FileInvite
2. Clear View KYC
3. ProcessGene GRC Software Suite
4. ML Verify
5. Biz4x by 4xLabs
6. SAS Anti-Money Laundering
7. Actimize
8. AML Manager
9. AMLcheck
10. Token of Trust Identity Verification
11. Trulioo
12. Refinitiv World-Check Risk Intelligence
13. Sanction Scanner
14. DueDil
15. Encompass
16. Fiserv
What is Anti Money Laundering Software?
Anti Money Laundering Software secures financial activities, detects threats, analyzes data, and prevents money laundering acts. This software monitors, investigates, reports, and manages financial risks and threats. Anti Money Laundering Software, or also known as AML software, is important for regulatory compliance and prevention of ill-nurtured activities.
Benefits
Anti Money Laundering Software saves time, effort, and cost. This software spares you the hassle of dealing with money laundering. Using this software will also ensure a safe space for our financial resources. AML Software helps in your compliance responsibilities as well.
Features
Anti Money Laundering Software is equipped with functions, functionalities, and features to maximize its performance. Among the common ones are:
- Document management
- Data management
- Monitoring transactions
- Security Tools
- Alert Management System
There are more benefits and features present on the list of software products below.
Top 10 Software
1. FileInvite
The most secure document collection platform is here! FileInvites is trusted by professionals and brands all over the world with solutions on mortgage & finance, custom enterprise solutions, commercial loans, accounting, legal, and many others.
2. Clear View KYC
AML & CTF Compliance in the cloud with Clear View KYC. This software offers KYC screening against sanction watchlist, PEP & HIO lists, country risks & blanket sanctions, fuzzy search, and simple integration.
3. ProcessGene GRC Software Suite
This highly-rated software can be enjoyed for 30 USD per month. Control your businesses using GRC software, BPM software, and multi-org technology.
4. ML Verify
Simplifying AML/KYC Compliance with ML Verify. This highly rated platform can be used for only 15 USD per month. ML Verify offers features on custom KYC profiles, a simple intuitive client portal, electronic ID checks, inline PEP & sanction search, backups, and many more.
5. Biz4x by 4xLabs
An efficient, compliant and relevant software is Biz4x by 4xLabs! This software offers business management, market data, compliance, digital storefront, and wholesale trading.
6. SAS Anti-Money Laundering
With the power of AI, machine learning, intelligent automation, and advanced network visualization, fighting money laundering, terrorist financing, and other ill-nurtured activities will be walking in the park.
7. Actimize
Verify, monitor, and trust with Actimize! This software fights financial crime with AML, fraud & authentication management, financial markets compliance, investigation and case management, and data intelligence.
8. AML Manager
A software with powerful prevention and detailed tracking tools is here! AML Manager makes compliance easier and better. This software is feature-rich, user-friendly, and data-rich.
9. AMLcheck
AMLcheck is a compliance suite you need. They provide features and solutions to help organizations in their compliance responsibilities.
10. Token of Trust Identity Verification
Start verifying everything with Token of Trust Identity Verification today! This perfectly rated software is trusted by leading companies worldwide including Wired for Wine, Qredit, and King’s Cross. Token of Trust Identity Verification allows you to onboard, identify, future-proof, fraud management, and compliance.
FAQs
What is money laundering?
Money laundering is the illegal process of acquiring money from illegal activities. This is often staged to look like legitimate and legal activities.
Who uses Anti Money Laundering Software?
Anti Money Laundering Software is used by the finance industry, legal industry, security teams, financial professionals, legal professionals, and other stakeholders.
Let us not tolerate money laundering, detect them today using the best Anti Money Laundering Software. Check on the full list above for your best match.
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