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Looking for On-line, Pay-as-you-Go AML Service

Looking for On-line, Pay-as-you-Go AML Service

I just did a search for recommendations for on-line, pay-as-you-go anti-money-laundering software, but couldn't find anything recent. Can anyone recommend anything? I want something that helps you document your risk assessment as well as doing the ID and address verification.

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19th Jun 2017 11:14

Veriphy is decent.

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By Bacc
19th Jun 2017 11:27

I use Veriphy too, quick and easy to use. I also use SWAT for the AML checklists etc

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By chatman
19th Jun 2017 11:29

Thanks. Does Veriphy help you document the risk assessment too, or is it just ID, address and PEP verification? I couldn't really see that on their web site.

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By Bacc
19th Jun 2017 11:34

Veriphy just does the ID checks etc, I use the SWAT documentation to then do the risk assessment

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By chatman
19th Jun 2017 11:41

OK. Thanks.

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By Bacc
19th Jun 2017 11:44

If you are under a professional body then I would have thought they would have some sort of risk assessment you can use.

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By chatman
19th Jun 2017 12:32

Yeah, but I was hoping for something that makes it even easier. I really want to put as little work into it as possible.

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19th Jun 2017 12:38
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19th Jun 2017 13:00

Another vote for Veriphy. Mercia ML manual is good.

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By Glennzy
19th Jun 2017 14:13

Chatman try AMLCC I think its it maintains all your clients and has all the risk assessments built in to it.

Cloud based so access from anywhere.

You buy batches of credit for about £3.50 per client (price goes down if you buy more)

Saves results within the system.

Also gives you all the manuals and training records to keep you up to date etc.

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By chatman
19th Jun 2017 18:40

Thanks Glennzy. Is that the £197/year one?

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By Glennzy
to chatman
20th Jun 2017 09:05

Its something like that but I get mine free as part membership

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By marks
19th Jun 2017 21:44

Another vote for AMLCC

You get all the AML documents etc free with ICPA. If not with ICPA think costs £200 or so a year.

You just need to pay for the verification credits which you can buy in bundles.

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By chatman
20th Jun 2017 10:44

I think I might have to look at ICPA membership.

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