A Guide to Anti-Money Laundering for Crypto Firms

Payments

Screen payments and onboard customers faster

Speed matters when sending or receiving money. Payments service providers (including remittance, peer-to-peer, and e-wallet services) must be able to process transactions quickly. Only then can they satisfy their customers’ rising expectations.

Whenever money moves, there’s a risk of money laundering, though. Payment providers also need to have robust onboarding and transaction screening processes. Having too many false positives or relying on manual processes risks damaging the customer experience.

Now, using artificial intelligence, it’s possible to screen customers and transactions in real time. Our solutions enable you to comprehensively identify risk at speed.

Why ComplyAdvantage?

Streamline customer onboarding

Speed up onboarding by customizing the matching technology according to your risk appetite. Screen clients with confidence against real-time sanction lists, watchlists, politically exposed persons (PEPs) lists, and adverse media insights.

Automate transaction screening

Screen payments faster using internal lists, reference text, and beneficiary screening. Our database of sanctions and watchlists is updated every 15 minutes.

Inspire confidence in regulators and banks

Integrate industry-leading AML screening, to reduce the risk of financial crime. Show that you have a clear audit trail of monitoring and investigations.

Improve due diligence

Gain deep insight into the risk profiles of clients, merchants, and financial counterparties. Go beyond sanctions and watchlists with industry-leading adverse media screening.

Integrate seamlessly

Enable straight-through processing of payments. Our two-way RESTful API issues alerts in real-time when suspicious payments are detected.

Highest level of security and risk mitigation

We are ISO 27001 certified across all our systems and locations, and deliver industry-leading uptime.

Reduce false alarms

Segment payments and risk scenarios according to your own risk-based approach. Use AI instead of manual intervention to identify real risks.

See How We Have Helped Other Payment Services Providers

Lemonway saved time and improved compliance

“ComplyAdvantage has provided us with a professional solution that can easily adapt to the requirements of regulatory authorities,” said Pauline Heitz, Chief Compliance and Internal Control Officer, Lemonway. “ComplyAdvantage’s compliance and deployment support is unique.”

Azimo cut false positives while improving its AML risk management

“The ComplyAdvantage team is very helpful and their AML solution is reliable and robust. We use their product to screen all of our transactions against various watchlists. The whitelisting capability via their API saves us lots of time,” said Maja Chaińska, Head of Compliance, Azimo.