Anti-money laundering (AML) experts are spearheading a digital revolution in compliance with their innovative use of advanced automation and configurability capabilities.
By employing such technology, AML processes are streamlined, enabling businesses to save both time and resources.
A pioneer in this transformative wave is SmartSearch, whose fully automated workflow capabilities are revolutionising compliance procedures. Businesses can now tailor their AML workflows to work seamlessly with internal processes, ensuring alignment across different business functions.
Martin Cheek (pictured), managing director at SmartSearch, said: “Our next-generation platform is a game-changer for businesses looking to automate their compliance processes. With our comprehensive search configurability and automated workflow capabilities, businesses can customise their AML workflows, streamline their compliance processes, and refocus on core business operations.”
The platform’s extensive search configurability, including custom risk profiles and watchlist screening, allows businesses to screen custom lists. This means clients’ level of risk can dictate their customisable needs.
Fraser Mitchell, technical director at SmartSearch, added: “Our bespoke solutions are tailored to a business’s needs, enabling users to streamline their AML operation with our seamless, fully-configurable solution. Firms can now take control of their compliance, screening clients against custom watchlists designed to meet specific business needs.”
The platform’s bespoke workflow capability offers businesses the ability to assign, notify, and create applications based on rules, with automatic decision capability easing the workflow for users.
SmartSearch’s enhanced platform marks a significant step in the firm’s decade-long commitment to assisting regulated businesses with AML compliance. Trusted by over 6,000 clients and 55,000 users, including half of the top 100 accountancy firms and a third of the top 200 legal firms, it is a trusted solution in the sector.
