Review
AML Partners LLC is a distinguished RegTech company that has earned a spot on the RegTech100 Company list for 2024. They specialize in AML compliance solutions, providing a wide array of software and services to financial institutions globally. Their primary platform, RegTechONE, is engineered to optimize automation, precision, and efficiency in GRC and AML compliance, eliminating the need for coding.
A notable aspect of AML Partners' software is its capacity to automate FinCEN 314a and subpoena searches. This feature enables users to set up the software to search assigned records for data matches in line with current regulatory standards. The AML screening engine guarantees swift and precise results, with all search data being fully encrypted for security purposes.
Beyond their FinCEN 314a software, AML Partners also provides a variety of other solutions, such as KYC software, transaction monitoring software, sanctions screening software, and more. Their Risk Data Service offers quarterly updates on geographic risk, making the analysis of geographic risk simpler and aiding organizations in managing their AML compliance.
The company fosters a culture of teamwork and innovation, with their president, Brad Wojceshonek, encouraging team members to create new solutions in AML compliance. This focus on teamwork is mirrored in their platform, which allows for customization and integration with other tools.
AML Partners' dedication to customer satisfaction is clear in their client lifecycle management (CLM) software. Used by leading financial institutions globally, their CLM and Legitimacy Lifecycle management tools offer fully integrated workflows, including CRM, onboarding, credit-risk analysis, legal review, and offboarding. With a no-code configuration, end-users can tailor the workflows to meet their specific needs.
In conclusion, AML Partners LLC is a reliable provider of AML compliance solutions. Their RegTechONE platform, along with their variety of software and services, provides financial institutions with the automation, precision, and efficiency required to comply with regulatory standards. With a focus on teamwork, innovation, and customer satisfaction, AML Partners is a dependable choice for organizations aiming to streamline their AML compliance processes and achieve digital transformation.
Fast Facts
- AML Partners LLC has been recognized as a RegTech100 Company, highlighting their significant contributions and innovations in the regulatory technology sector.
- The company provides a comprehensive analysis of each country based on the ISO Standard 3166, evaluating their risk for money laundering.
- AML Partners LLC assigns a risk rating to each country on a scale of 1 to 100, helping organizations understand and navigate the complexities of anti-money laundering efforts globally.
- Their inclusion in the RegTech100 list for 2024 underscores AML Partners LLC's commitment to driving innovation in anti-money laundering platforms.
Products and Services
- RegTechONE: This is AML Partners' primary platform designed to enhance automation, precision, and efficiency in Governance, Risk Management, and Compliance (GRC) and AML compliance. It eliminates the need for coding and can be customized to integrate with other tools.
- FinCEN 314a software: This software automates FinCEN 314a and subpoena searches, enabling users to set up the software to search assigned records for data matches in compliance with regulatory standards. The AML screening engine ensures fast and accurate results, with all search data fully encrypted for security.
- Risk Data Service: This service offers quarterly updates on geographic risk, simplifying the analysis of geographic risk and aiding organizations in managing their AML compliance.
- Client Lifecycle Management (CLM) software: This software is used by global financial institutions for integrated workflows, including Customer Relationship Management (CRM), onboarding, credit-risk analysis, legal review, and offboarding. With a no-code configuration, end-users can modify the workflows to meet their specific needs.
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