Use of aml.plus:
- Enhanced Screening: For high-risk transactions, the bank uses aml.plus enhanced screening features to perform a deeper investigation into the involved parties. This includes additional checks in the local databases and cross-referencing with international sanctions lists.
- Expert Consultation: If the transaction involves complex compliance issues, the bank can consult with aml.plus specialists for expert advice, ensuring that all potential risks are thoroughly assessed and mitigated.
- Transaction Verification: Throughout the transaction, the bank uses aml.plus to analyze red flags or suspicious activities, providing alerts and ensuring compliance with AML regulations.
4. Media Analysis: The bank monitors media for any new developments related to the transaction parties, ensuring that any emerging reputational risks are identified and managed promptly.