AML Watchlist Services

Trulioo’s Global AML Watchlist Solution

Trulioo offers comprehensive coverage of global AML risk data sources including sanction lists (such as OFAC, UN, HMT, EU, DFAT, and many more), law enforcement lists (Interpol, country specific government and state agencies, and police forces), and governing regulatory bodies (financial and securities commissions) from around the world.

Trulioo’s Global AML Watchlist helps you comply with domestic and international Anti-Money Laundering (AML), Counter Terrorist Finance (CTF), and sanctions enforcement regulations. The Watchlist is accessible in two ways: real-time AML Watchlist checks and/or AML batch service. Our Global AML Watchlist solution gives the user the ability to:

  • Streamline the workflow for list screening, processing results, and record keeping
  • Focus processing time and staff hours on the highest level of risk and compliance requirements
  • Save additional cost and training resources for supplementary data that is not required for compliance

What are Watchlists

Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) obligations require real-time and regular identity checks against known or suspected money launderers, terrorists, or other persons considered high risk. Such high-risk individuals, termed Politically Exposed Persons (PEPs), are identified on a variety of lists across the globe.

Why Perform Watchlist Checks

Financial institutions and other organizations are expected to have a process that identifies PEPs and ensures that money managed on behalf of PEPs is not derived from criminal activity. Heavy fines are imposed on organizations that fail to have adequate PEP screening should a customer be found to be engaged in criminal activity. Compliance with AML, KYC, and sanctions requirements continue to be a key focus area for management, and firms are under pressure to demonstrate a robust compliance framework to ensure legal requirements are met at both a regional and global level.