AI TOOL PROFILE
AML Watcher: Compliance and Screening Software
- Finance and Accounting
- Compliance Management
- Financial institutions
- Banks
- Insurance agencies
- Crypto exchanges
- Fintech companies
- Investment firms
Pricing
Pricing includes a setup cost of $250 for the Basic plan and $1,000 for the Premium plan. A free trial is available for the first five searches.
At a glance
- Best for
- Financial institutions, Banks, Insurance agencies, Crypto exchanges, Fintech companies
- Key use cases
- Customer Onboarding, Ongoing Compliance Monitoring, Payment Screening, Crypto Risk Management, Employee Background Checks
- Integrations
- REST API
- Official website
- Visit aml watcher official website
How AI is used
AML Watcher is a compliance platform designed to help businesses identify high-risk entities through various screening tools. It aggregates data from 3,500+ global watchlists and 215+ sanction regimes, covering 235+ countries and 80+ languages to support international operations.
The software is designed for firms in financial services, banking, insurance, and crypto sectors. It provides a centralized way to perform PEP (Politically Exposed Persons) screening and adverse media checks, which may help compliance officers identify risks during customer onboarding.
Beyond initial checks, the platform supports transaction monitoring and ongoing screening to alert users when a customer's risk status changes. It also includes a tool for crypto wallet screening to identify sanctioned addresses.
Buyers should confirm whether the cloud-based or on-premises deployment model best fits their data privacy requirements and if the API rate limits align with their expected search volume.
Key Features
Sanction and Watchlist Screening
Screens entities against over 3,500 global watchlists and 215 sanction regimes.
PEP Screening
Identifies Politically Exposed Persons using a database of 2.6 million profiles across 235 countries.
Adverse Media Screening
Scans news sources in over 80 languages and uses sentiment analysis to categorize risk.
Crypto Wallet Screening
Supports screening cryptocurrency wallets against global sanctions databases.
Compliance AI Agent
Designed to identify true positives across datasets and provide reasoning for confirmed matches.
Transaction Monitoring
Monitors transaction patterns using pre-built AML typologies and custom rules.
Biometric AML
Supports image matching to help verify identities and may help reduce false positives.
Use Cases
Customer Onboarding
Performing initial risk assessments and screening new clients against PEP and sanction lists.
Ongoing Compliance Monitoring
Setting up alerts for existing customers to detect changes in their risk status or presence in adverse media.
Payment Screening
Checking beneficiaries and counterparties against AML watchlists during payment processing.
Crypto Risk Management
Screening wallets to identify sanctioned crypto addresses.
Employee Background Checks
Screening potential hires or current staff against global risk databases.
Integrations
- REST API
FAQ
What is the difference between the Basic and Premium plans?
- The Basic plan has a $250 setup cost and a 1 per second API rate limit, while the Premium plan has a $1,000 setup cost and a 3 per second API rate limit, along with expanded screening capabilities.
Does AML Watcher support on-premises installation?
- Yes, the software offers an on-premises solution for businesses with specific security or regulatory requirements who wish to keep data on their own servers.
How does the ongoing monitoring feature work?
- The system tracks highlighted cases and re-screens them whenever the database is updated, alerting users to changes in PEP status or sanctions.
Source category: Finance & Accounting
Source subcategory: Compliance Management
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