Menu
close
Log In

High-Risk Transactions

Try for free
Starting at 9 EUR per month
  1. Financial Services
  2. High-Risk Transactions
Scenario:
3
Situation:
The bank encounters a high-value or high-risk transaction and needs to perform enhanced due diligence (EDD).

Use of aml.plus:

  1. 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.
  2. 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.
  3. 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.