A great tool for anyone looking to stop credit card fraud. 4. 4. AML software vendors. A trustworthy AML solution should make you agile in your compliance work and help you and your team beat every compliance-related deadline. Compare top AML Software systems with customer reviews, pricing, and free demos. 4. our online remittance system adds. AML Software Best AML Apps for Android. Product Description. "User friendly software for Risk Management". Using advanced AI systems, we help banks discover money laundering and really know their customers, more efficiently – to stop the. Singapore/Hong Kong, 15 December 2020 – Napier has won Best Solution in AML/CTF Compliance in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020. Our team will assist in preparing, reviewing, and updating all applicable. More vendors have introduced features for supporting increased efficiency at the alert investigation and case management level. Pre-Built Rules and Collateral. The compliance tools cover the entire spectrum of anti-money. In its latest report on global financial institution fines for the first six months of 2021, Fenergo found that fines for non-compliance with AML, KYC, data privacy, and MiFID regulations totaled $937. Money launderers are targeting law. 4. With our AML screening software, companies can perform Anti-Money Laundering checks in real-time, and screen and monitor clients against global PEP and sanction lists in seconds. Use our filters to find the best rated software for your business needs. Save money on KYC & AML checks with custom rules. Explore SAS fraud and security intelligence solutions. We made a list of the best KYC software providers to help you comply with KYC regulations and onboard customers while minimising risks to your business: Salv – All-in-one AML Platform; Veriff – AI-Powered Identity Verification; Ondato – End-to-End KYC ManagementHow to Choose the Best Transaction Monitoring Software for Your Needs. – FCC-Financial Crime Compliance Crypto. Best Fraud Detection Software and Tools in 2023 Top 12 Fraud Detection Software Companies Without further ado, let’s look at our list of the best fraud detection software for the year – including pros, cons, and which problems they solve best. 8 (72) 2023 Capterra Shortlist™. Visit. 0 (20) Sanction Scanner is an compliance software that provides AML screening, Transaction Monitoring, and Adverse Media Screening Solution Learn more about. Compare the best AML software in China of 2023 for your business. A lot of AML software vendors base their revenue growth on billing their customers for endless custom coding and related consulting. 04 million between 2022 and 2027 accelerating at a CAGR of 15. The risk of criminal activity has increased as a result of the growing use of ebanking and mobile banking for money transfers, which has sharply increased the demand for AML software among North American financial institutions. Review of SAS Anti-Money Laundering Software: system overview, features, price and cost information. The company will be making a statement at stand A 147 at the RDS Arena in Dublin, focusing on providing an innovative and efficient solution that is perfect for businesses of all sizes. This reviewer was invited by the software vendor to submit an honest review. Compare verified user ratings & reviews to find the best match for your business size, need & industry. Socure serves 1000+ customers including financial services and fintech leaders, and. Transaction AI provides real-time, continuous fraud and AML transaction monitoring to help you reduce your risk, save time and money. Intro Music:AI FinTech100 names top FinTech companies leveraging AI and ML options. we list all software vendors on our website, and give them the opportunity to feature their solutions and collect user reviews. . 8 (72) 2023 Capterra Shortlist™. Read Full Review. AML software enable organizations to deploy their AML programs or systems and their practical applications are diverse – ranging from management of transaction data to predictive analysis to machine learning. $0. GSLFX. Supercharge. Compare the top AML Software software & providers for Indian businesses. On this episode, we are revisiting the topic of anti-money laundering. Compared to other Finance categories, Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. 4 out of 5. 17% Small-Business. Stay ahead of financial crime and fraudsters, efficiently comply with regulations, and protect your business with industry-leading technology from top KYC AML vendors. AML software, short for Anti-Money Laundering, enables companies, financial institutions, and banks to conduct KYC, detect suspicious financial activities, and evaluate risks in order to prevent fraud. Shufti pro’s AML services for Indian businesses help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. Founded in 2015, Token of Trust Identity Verification is an online merchant dealing with high-risk ecommerce, KYC/AML/CDD compliance requirements, consumer data privacy laws, and global users. 5% more. Customization: Look for AML software that can adapt to your. KYC Software for AML: Big differentiator is comprehensive KYC vs. One of the most trusted and top AML software in Hong Kong is SentroWeb. Modern AML software and KYC solutions make ID verification a seamless part of the digital KYC. Compliance Management. Hoboken, NJ, April 15, 2021 – NICE Actimize, a NICE (Nasdaq: NICE) business, has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as a Technology Leader in its recently released “SPARK Matrix™ Anti-Money Laundering (AML) Solution, 2021 report. Best AML Apps for Android. KYC (Know Your Customer) software is used by both regulated and non-regulated to verify the identity of new clients. Find the highest rated AML software in Africa pricing, reviews, free demos, trials, and more. Table of Contents – Regulatory Monitoring Our Staffs Are Trained P. CAMS (Certified Anti-Money Laundering Specialist) is the global gold standard in AML certifications, with more than 40,000 CAMS graduates worldwide. The global Anti Money Laundering (AML) Software market size was valued at USD 2206. The anti-money laundering software market is projected to grow at a CAGR of 15. AI provides around-the-clock protection, securing crypto exchanges, protocols, and DApps worldwide for several millions of dollars in weekly transaction amounts. Unit21 is a customisable and flexible no-code platform for all kinds of compliance and risk management operations. 3 (27) Designed for financial. It lies in the best interest of the companies, the users, and the lawmakers that cryptocurrency companies utilize AML software and tools from the very beginning. 1. It saves compliance resources and data management, and provides real-time remote access to customers. Compare the best AML software, read reviews, and learn about pricing and free demos. Our powerful SaaS solution combines AI & deep learning. It combines business rules and machine learning with automation to make everyday decisions faster and smarter. Visit Website. Casinos must file currency transaction reports (CTRs) when a patron conductsCompanies Revenue in AML Software Business (2017-2022) & (US$ Million) Type Table 17. 21, 2016 /PRNewswire/ --. AI is a blockchain analytics company that specializes in AI-powered platforms. 0 (1) OneHypernet is an all-in-one compliance system that automates AML & KYC screening. More than 1,200 credit unions use Verafin to effectively fight financial crime and. We help you in choosing the add-ons and support services for the anti-money laundering software. Broadly speaking, AML software refers to a wide range of programs that help companies protect themselves from money laundering activity. The software monitors digital payments, card payment transfers, deposits and withdrawals, checks, loan payments, and cyrptocurrency transfers. 38 million in 2022 and is expected to expand at a CAGR of 14. Compared to other Finance categories, Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. SentroWeb uses the reputable Dow Jones database with independent and accurate sources, covering over 3 million sanctioned and blacklisted persons or entities, Politically Exposed Persons (PEPs), and. The report, titled “KYC/AML Software Solutions 2020: Market Update and Vendor Landscape”, positions PwC as a category leader in KYC products and services. Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. TOP 10 KYC & AML software companies in 2023 themobilereality. User Satisfaction. ComplyCube. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial. Allied Market Research published a report, titled, "Anti-Money Laundering Software Market by Component (Software and Service), Product Type (Transaction Monitoring, Currency Transaction Reporting. At GetApp, our comprehensive software listings. Kount vs Signifyd Kount vs Whitepages Kount vs LexisNexis See All Alternatives. In contrast, financial institutions were fined $10. Effortless client onboarding. 4. our online remittance system adds. Check whether the software follows regulatory updates. 5%, 15. Financial institutions will spend US$504 million globally on anti-money laundering software in 2012. We wanted to create AML solutions that were affordable for small and medium-sized organisations. The global Anti-Money Laundering (AML) Software market size was valued at USD 2077. Vendors who bid for placement can be. Implementation of Anti-Money Laundering Software: Five Top Considerations 1. The global AML software market shows immense potential for growth as vendors are introducing many products and solutions with variety of features such as enhanced due diligence, transaction. It is critical to have AML Software that depends on artificial intelligence rather than some stringent numerical rules. Anti-Money Laundering (AML) Software flags suspicious transactions, preventing money laundering and helping to deter financial crimes and terrorism funding. This article summarizes five top payment screening software vendors, listing their key strengths and explaining the use cases they respond best to. 2. VALUE FOR MONEY. Verification of more than 3000 types of identity documents and assessing associated risks by credit/debit card authentication, PEPS and sanctions checking, MRZ verification, PCI compliance and card-not-present authentication. Each year, new anti-money laundering rules and regulations are released to tackle fraud, and the software you choose should stay updated with these changes. 4 out of 5. By Tier1 Financial Solutions. Companies Mergers & Acquisitions, Expansion Plans Table 19. Looking for the best aml software vendors in town? Look no more and connect with Cinque Technologies today. Find the top AML software in 2023 for your company. The AML software vendor a firm implements should complement the skills and expertise of internal compliance staff. Get the G2 on the right Anti Money Laundering Software for you. 3 Acumatica Cloud ERP. But add to that a landscape of constantly evolving threats, and it's a lot to keep up with. In order to combat financial crime, banks, MSBs, credit unions, fintechs, payment providers and other types of financial institutions are required to develop and put in place an Anti-Money Laundering (AML) compliance program. i-AML Software provides top-notch anti-money laundering solutions, including the best AML software for banks. This article summarizes five top payment screening software vendors, listing their key strengths and explaining the use cases they respond best to. 0 out of 5. Persona offers a best-in-class unified identity platform that gives businesses the building blocks they need to design and manage fully customizable KYC, AML, KYB, and identity verification programs across 200+ countries and territories, helping them meet compliance standards, fight fraud, and build trust throughout the customer lifecycle. 4. Visit Website. AML software vendors offer a range of solutions that help organizations detect and prevent money laundering activities, ensuring compliance with regulatory requirements. The software monitors digital payments, card payment transfers, deposits and withdrawals, checks, loan payments, and cyrptocurrency transfers. Importantly, AML software providers are now developing new capabilities leveraging next-generation technologies such as machine learning, AI, and robotic process automation (RPA). The software automates workflows, creates graphics and manages ongoing. Companies that care about their customers are looking for user-friendly ways to define fraud. 10. Over 1000 companies rely on Socure to ensure customer trust and unlock rapid acquisition growth across all channels. 5 products write a review iSPIRAL iSPIRAL is a leading regulatory technology software provider delivering state-of-art AML, KYC, Risk and Compliance solutions. 2. AML products help financial institutions and other regulated entities detect suspicious activity effectively, quickly, and more accurately. 1% over the forecast period, and revenue is projected to increase from USD 1. Establish a list of potential vendors. Onspring's cloud-based software builds greater clarity and control into your enterprise risk management program. Today, we are proud to provide global AML solutions to over 35 countries. Evaluate risks and prioritize them by criticality or tier. Capterra offers software reviews from verified users, pricing, and features. The growth in the AML software market in India can be significantly attributed to the factors such as regulatory. Find the top Anti Money Laundering (AML) Software with Gartner. 0. Identity verification is a must-have for any KYC and AML solution. Based on verified reviews from real users in the Anti Money Laundering (AML) Software market. AI provides around-the-clock protection, securing crypto exchanges, protocols, and DApps worldwide for several millions of dollars in weekly transaction amounts. This ensures that you’re not. Compared to other Finance categories, Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. . Filter by price, feature or user rating to make software selection fast and easy. Find the highest rated AML software in India pricing, reviews, free demos, trials, and more. See how Alloy can help protect your company. KYC-AML vendors incorporating AI. by SAP. Location: New York, New York. Detect Suspicious Transactions, Prevent Fraud, Mitigate Risk. View one regulated compliance checklist for compliance expert workings in the banking industry. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. "User friendly software for Risk Management". See full list on seon. Technavio's market research analyst predicts the global anti-money. It is a great tool for worldwide medium to large businesses because it scans over 3,000 documents written in more than 150 languages from around 230 countries and territories. Rating. At GetApp, our comprehensive software listings. Please join us in recognizing and celebrating The Top 100 Software Companies of 2021. Top 14 Anti Money Laundering (AML) Software & Tools 2023 List of AML Software &. Crystal provides crypto transaction analysis and monitoring for exchange, bank, and FI AML compliance requirements. Private Company. 2 Some of AML Software Vendors and Their Offerings 2. KYC software is a crucial tool for verifying the identity and compliance of your customers. Read Sanction Scanner Reviews. Rippling: Best for global onboarding. Visit website. Iceland. It allows organizations to collect and. Encompass offers automation capabilities. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button. Read more about Ondato. 5%, 15. (11) See all Oracle Financial Crime and Compliance Management Alternatives. AML software prevents organizations from doing business with fraudulent organizations that may impact their profitability and damage their reputation. The. Zenefits: Best for onboarding. Find the highest rated AML software in India pricing, reviews, free demos, trials, and more. From. It is a regulation tech or RegTech company based in the United Kingdom, which was created recently in 2017. Pre-Built Rules and Collateral. Book your complimentary demo of our AML Compliance Software Solution. Learn more about the top Refinitiv World-Check Risk Intelligence competitors and alternatives. Compare. 4. Anti-Money Laundering Software Market Report Summary. ComplyAdvantage. 4. It aggregates emotional response ratings across 25 provocative questions, creating a powerful indicator of overall user feeling toward the vendor and product. Best AML/KYC Software is the one that you can trust: Learn from Featured Customers of the most popular software and services using 393 testimonials, 352 case studies, & 69 videos. Top 3 companies receive 88. Using advanced AI systems, we help banks discover money laundering and really know their customers, more efficiently – to stop the. Find the highest rated KYC software pricing, reviews, free demos, trials, and more. 8 (16) Visit Website. Review the market for products that have the features and functions to meet the BSA team’s requirements. Get Certified. The result, much like cybercriminals attacking a corporate data center, is reputational risk, tarnishing your brand, and potential revenue loss. 528 billion in 2021. The main components of the best AML software. We at Smart Infotech provide a fast and easily configurable compliance system to help you meet your AML regulatory obligations in a cost-effective way. Internal controls will dictate who gets notified and when. User Satisfaction. An institution’s AML software system automatically monitors transaction behaviors and screening. Vespia. io Choosing Between AML Software Vendors: What To Look For What to Look for When Comparing AML Software Vendors AML Compliance, Blog Share Banks and money services businesses, among other financial institutions (FIs), are required by U. Excellent tool for all money laundering issues. 4. As per the UNODC, more than 50 Financial Intelligence Units around the world are part of the system at present. Lucinity is an AML software company, founded in 2018, with offices in Reykjavík, New York, London and Brussels. It offers an AML program that includes fast, easy, and inexpensive training for US-based financial services companies. Top Companies in AML Software Market Competitive Landscape includes company profiling of the key manufacturers listed below. Compare top AML Software systems with customer reviews, pricing, and free demos. In contrast, financial institutions were fined $10. This is important because if a user makes purchases over that amount, he/she will have to report them. iSPIRAL is a leading regulatory technology software provider delivering state-of-art AML, KYC, Risk and Compliance solutions. AML software, short for Anti-Money Laundering, enables companies, financial institutions, and banks to conduct KYC, detect suspicious financial activities, and evaluate risks in order to prevent fraud. However powerful or innovative a solution is, its effectiveness will depend on how it supports the compliance team and advances its compliance objectives. NICE has a rating of 4 stars with 1 reviews. . AML software, short for Anti-Money Laundering, enables companies, financial institutions, and banks to conduct KYC, detect suspicious financial activities, and evaluate risks in order to prevent fraud. Encompass. Users also considered. Compared to other Finance categories, Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. Looking ahead, this market is projected to witness a compelling compound annual growth rate (CAGR) of 15. Learn more about ScanWriter. Top 3 companies receive 88. When evaluating different solutions, potential buyers compare competencies in categories such as evaluation and contracting, integration and deployment, service and support, and specific product capabilities. Imbibe the best transaction monitoring practices to be 100% compliant with AML regulations and safeguard your business interest against financial crimes. Risk Management Software. The largest company building anti-money laundering software is SAS with more than 10,000 employees. Sponsored: Vendors bid for placement within our listings. Vendor consolidation can help financial institutions achieve this by providing a more complete view of their compliance efforts. And their strategy for staying in your pocket is bolstered by the dizzying pace of change in AML regulations and the variations among international jurisdictions. 73% during the forecast period, reaching USD 5032. Best Anti-Money Laundering (AML) Software Compare and evaluate Anti-Money Laundering vendors using the most in-depth and unbiased buyer reports available. Get the G2 on the right Anti Money Laundering Software for you. 5. 2. 3 Market Share Analysis, 2019 3 Industry Analysis . Compared to other Finance categories, Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. Anti-Money Laundering (AML software) is software used in the finance and legal industries to help companies comply with the legal requirements for financial institutions and other. Horizon Globex. AML Partners’ RegTechONE™ platform helps financial institutions seamlessly integrate AI and machine-learning (ML) tools into existing GRC and AML software. We are the best software providers in town that hold immense years of expertise in the same. They offer remarkable. 3. Compare the best AML software in Brazil of 2023 for your business. According to the United Nations Office on Drugs and Crime (UNODC), the estimated amount of total money laundered annually around the world is 2-5% of the global GDP ($800 billion – 2 trillion). OneHypernet KYC Screening. Their API helps businesses onboard new customers and keep compliant. 1. Founded 2018. 2 | KYC/AML Software Solutions,. Limra. Napier – AI for Financial Crime Compliance. Founded by KYC experts and former Veriff team members from Estonia. . In this comprehensive guide, we will explore the top AML software. Learn more. G2 Grid® for Anti Money Laundering. To hear about the latest trends, emerging threats and how firms can ensure their AML programs remain strong and effective. January 10, 2022. More and more companies must protect their customers and business reputation. Ondato. 1 (1393 reviews) Recently recommended 58 times. We have data-driven lists of fraud detection software and fraud protection software vendors that you can sort through. Find the highest rated AML software in Brazil pricing, reviews, free demos, trials, and more. (53) Dow Jones Risk & Compliance. As legislation. 2. LONDON, Jan. Siron AML gives Compliance complete control over the scoring process and includes case management and investigations. Originally published 19 October 2020, updated 07 September 2023. See ratings and reviews from verified users and get access to a free trial or demo. 00:21-00:30. New Curacao Gaming License Cost in 2022 – Best price guarantee Shufti Pro. ai. Now, reduce your compliance workload with automated Sanctions, PEPs, and Adverse Media checks using IDMaml fraud prevention software. Call 1: Review the vendor landscape. Before making our decision, we assess the software's functionality and alignment with your AML needs, installation support, appropriate training, ROI, pricing, and risks. 3 Global AML Software Revenue by Manufacturers 4. FUNCTIONALITY. Today's online ID-verify technology integrates with existing AML software and KYC platforms. The Cloud-based AML Software segment is also growing at a significant rate and held a share of 11 percent in. Choose Smart KYC Software Vendors for Smarter Business Operations. In addition to anti money laundering software for banks, the vendor offers risk scoring, analytics, training, and education programs to further enhance organizations’ AML and fraud detection capabilities. Acumatica Cloud ERP offers best-in-class functionality for small and mid-sized businesses to thrive in the new digital economy. 4. Anti-Money Laundering Software is more concentrated in terms of top 3 companies’ share of search queries. Compare the best AML software for Freelancers of 2023 for your business. Top 3 companies receive 88. Vendors who have paid for placement have a. Ondato provides Anti-Money Laundering, Counter-Terrorist Financing and Anti-Fraud Compliance solutions for companies. FinTech companies utilize AML software to monitor digital transactions, validate users' identities, and ensure compliance with the ever-evolving regulatory landscape of the digital finance world. Fraud Detection. 1 review. 1. Recognized as one of the top AML software vendors, Shufti Pro harnesses cutting-edge technology, incorporating features such as biometric facial recognition, nuanced liveness detection, and sophisticated anti-spoofing techniques. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. As risk managers, AML officers must assess the specific needs of their institution and decide which AML software platform will suit it best. From financial services to manufacturing or retail to healthcare. FastDox cuts postage costs by 95% and helps to ensure repeat business. See side-by-side comparisons of product capabilities, customer experience, pros and cons, and reviewer demographics to find the best fit for your. Celent's anti-money laundering vendor evaluation reports have become something of a de facto standard, used by financial institutions and regulators. Since you understand the importance of transaction monitoring in your AML efforts, make it a part of your AML compliance program. Reviewed. Top AML Software Players in United States Market, Ranking by Revenue (2021) Table 20. LONDON, Jan. Write a Review. We have data-driven lists of fraud detection software and fraud protection software vendors that you can sort through. Filter 14 reviews by the users' company size, role or industry to find out how Oracle Financial Crime and Compliance Management works for a business like yours. Compare the best AML software in India of 2023 for your business. Scorechain is specialized in blockchain analytics and crypto compliance tools and helps worldwide companies comply with AML regulations on crypto-assets. Transaction AI. When your AML software is hosted with a secure vendor, they will handle all upgrades and service packs with seamless updates to your AML systems. Iceland. Find the highest rated AML software in Australia pricing, reviews, free demos, trials, and more. This is definitely positive momentum. Verification of more than 3000 types of identity documents and assessing associated risks by credit/debit card. Compare top AML Software tools with customer reviews, pricing and free demos. Feedzai is a cloud-based risk management software that helps businesses leverage artificial intelligence (AI) technology and machine learning capabilities to detect cyber threats or risks across financial transactions or accounts. Discover the most popular Free AML Software tools and compare user ratings, pricing, features, and free demo versions. Our anti-money laundering software allows you to streamline, manage, and report on everything in your program from one location. Find the highest rated AML software for Freelancers pricing, reviews, free demos, trials, and more. Shufti Pro focuses on providing KYC solutions to six industries: Financial services. Same as with private clients, companies have to know the businesses that they deal with to reduce the risk of enabling fraudulent activity. See how Alloy can help protect your company. Increased regulatory pressures, and the limitations and rising cost of high-volume transaction scanning, are driving financial services firms to overhaul their anti-money-laundering systems. ”. Really great and expansive product. Payment screening from ComplyAdvantage can be purchased as a standalone solution, or leveraged as part of. AnChain. Find out appropriate AML Software Vendors. 2 Some of AML Software Vendors and Their Offerings 2. The best AML check software. Designed for organisations of all sizes in private and public sectors. PEP Screening. 7 million by 2023, growing at a CAGR of 15. Published Oct 27, 22. Identify risks that could impact your strategic objectives, business functions, and services. Anti-Money Laundering (AML) Software by Solytics Partners. Anti-Money Laundering (AML) Software identifies suspect customers and suspicious financial transactions to prevent money laundering and other financial crimes. Human-vetted data: One of Refinitiv’s strong suits is its data,. Avg Rating: Sorts listings by overall star rating based on user reviews, highest to lowest. Identity verification, regulatory reporting, and risk management are unavoidable, but they are also complex, time. Compare the best AML software for Chromebook currently available using the table below. Napier’s AML software enables compliance teams to efficiently monitor financial transactions for suspicious activity that may indicate money laundering. Malware infections and data breaches. Anti-money laundering software helps to easily verify provided documents, sign new ones, and otherwise onboard businesses from all over the world. We provide AML Software Selection Services where we help you identify the right sanctions screening AML CDD software, KYC software. Another great anti money laundering training software to consider is Limra. 1-15 of 15 results. See Software. 4. KYB (Know Your Business) Compare the best KYC software of 2023 for your business. Machine Learning brings several benefits to AML Transaction Monitoring: Improved Accuracy: ML algorithms can analyze vast amounts of data and identify complex patterns that might be missed by human analysts. Basic Types of Anti-Money Laundering Software. HyperVerge. AnChain. Velocity offers reliable and efficient AML compliance software, partnering with top AML software vendors to streamline your compliance processes. Vespia ComplyCube. Overall Reference Rating4. This feature allows you to confirm the identity of your customers using data sources like government ID databases, social media , and public records. AML software prevents organizations from doing business with fraudulent organizations that may impact their profitability and damage their reputation. This can lead to improved accuracy in detecting suspicious transactions. Premium AML/KYC Software Vendors. 65. Unit21. ComplyCube is an identity verification platform that automates Anti-Money Laundering (AML) and Know Your. government and international watch lists such as the SDN watch list to ensure you. 3. Many vendors offer anti-money laundering (AML).