Anti-money laundering (AML)

AML/KYC requirements are a “moving target” and continually growing the demands on compliance. 

BankID AML is an API toolkit that helps the merchant do its share in countering money laundering and terror financing and closing the gap in being compliant with the AML legislation.  At the same time  operational efficiencies and capacity increases.

The different resources are designed to be integrated in the merchants customer due diligence processes and help save time spent doing lookups for data in many separate sources.

See AML Technical documentations for technical details about how to integrated with the services.

The following resources are in place, or in a beta stage, and more will be added in the future.

The person resource is used to screen and gather data about an individual for a customer due diligence process, either a private customer or an individual that holds a role in an organization.

The organization resource is used to screen and gather information about a business or organization for a B2B customer due diligence process, in combination with the person resource.

The continuous screening service is used to keep tabs on your customer base, and get noticed as soon as an individual becomes a pep or is listed on a sanction list.

This service is at the moment in pilot stage, but will soon be available to all customers.