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Customer Onboarding

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  1. Financial Services
  2. Customer Onboarding
Scenario:
1
Situation:
An institution is onboarding new customers and needs to ensure compliance with AML regulations.

Use of aml.plus:

  1. KYC Process: The bank initiates the Know Your Customer (KYC) process using aml.plus by sending digital questionnaires to new customers. This step gathers essential information about the customers’ identities, business activities, and risk profiles.
  2. Remote Identification: Customers can complete their identification remotely via aml.plus, streamlining the onboarding process and reducing the need for physical verification.
  3. Sanctions Screening: Once customer data is collected, the bank uses aml.plus to screen new customers against multiple sanctions lists, including those from EU, UN, OFAC, and UK, ensuring that no customers are involved in prohibited activities.
  4. Media Analysis: The bank utilizes aml.plus media analysis capabilities to scan news articles, social media, and other sources for any negative mentions or reputational risks associated with new customers, ensuring a comprehensive risk assessment.