Compliance management system

Our company was founded with the aim to facilitate the fulfillment of the requirements of the obligations imposed on you, providing fast, convenient and high-quality services in the implementation of "Know Your Customer" principle. For more information please visit https://aml.plus/lv/about-us/

The automatic daily screening of clients against Latvian, EU, UN and OFAC, UA and UK sanctions lists is ensured using public databases maintained by the relevant competent institutions.When a match is detected, the platform will send a notification about the match to the e-mail address specified during registration. The platform allows to process the matches by determining whether the detected match is true or false.

The aml.plus platform uses Levenstein's algorithm to search for matches with sanction lists, which helps to find matches with the specified accuracy of 90 %.

For companies registered in Latvia the aml.plus platform provides integration with the Enteprise Register of the Republic of Latvia, and if data of the persons associated with the company is updated, you will be duly notified about it. If the platform user has not previously clarified the board, beneficial owners and shareholders in companies registered in other jurisdictions and entered their names in the questionnaires for verification against the sanctions, automatic verification will not be carried out. Sanctions screening is carried against Latvian, EU, UN, OFAC, UA and UK sanctions lists.

Performing sanctions screening or Know Your Customer (KYC) checks on the aml.plus platform for companies registered in Latvia, specifying the company registration number and selecting the country, Latvia, the aml.plus platform automatically obtains information about the company members, beneficial owners and officials from the Enterprise Register of the Republic of Latvia. The mentioned information is downloaded to the questionnaire of the person to be checked and is also checked against sanctions on a regular, daily basis. If there have been changes in the company data, then the data of the verified person entered in the aml.plus platform are updated according to the changes. The platform user receives a notification that changes have been detected in the customer's data.

It is possible to carry out sanctions checks in the form of a list, by preparing a list of customers in a csv file and uploading this list to the platform. A questionnaire will be created for each person to be checked, and regular/daily sanctions checks will be carried out.

Based on the data provided by filling out the client questionnaire and the client risk assessment survey, the platform designates the recommended risk level of the client. The platform user can set a different client risk level for the client, separately evaluating the client's risk-increasing factor/s and/or taking some de-risking measures.

Transactions (Know Your Transaction - KYT) - research, evaluation of planned or performed client transactions. Verification of the parties involved in the transaction against sanctions lists: The persons entered in the verification form (transaction counterparty/ bank) are checked against the sanctions lists of LV, EU, UN, OFAC, UA and UK. By answering the questions specified during the verification, it is determined whether or not signs of a suspicious transaction have been detected in the transaction.

Our company develops sanctions risk management ICS according to the company activity and profile.

Our specialists provide various services various types of services, such as an in-depth customer research, responses to bank requests related to AML, assessment of the economic nature of the transaction, etc. Depending on the stage of the process and the necessity, an expert with the relevant qualification level is engaged. The qualification and competence of an expert is determined by education, the existence of an appropriate certificate (for example, CAMS), work experience. For the services offered please refer https://aml.plus/pricelist/.

The platform offers the opportunity to conduct an electronic survey of your clients. An electronic client questionnaire reflects the name of your company and has defined mandatory fields, that solves the problem when clients skip required fields or provide incomplete information. The client questionnaire has a unique link, which can be posted on your website or sent by e-mail, offering your clients to fill out the questionnaire. Client questionnaires on the platform are standardized for different industries. aml.plus team offers the opportunity to develop your individual questionnaires and test protocols (the price of the service is determined after agreeing the scope of work).

The aml.plus team can provide document verification assistance for an additional fee. To determine the price of the service, please specify the types of documents to be checked and the scope of work. Please also specify what actions are required to maintain your database. If your question is related to the maintenance of your client database or register, then by connecting the aml.plus platform maintenance of the clients questionnaire database will be ensured with an automatic daily screening against the sanctions lists.

For the aml.plus platform prices please refer https://aml.plus/pricelist/.