AML (Anti-Money Laundering)
Anti-Money Laundering (AML) API is a service provided by BRI to assist companies or developers in integrating anti-money laundering solutions into their systems.
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What is AML (Anti-Money Laundering) ?
Anti-Money Laundering (AML) API is a service provided by BRI to assist companies or developers in integrating anti-money laundering solutions into their systems. This API detects and prevents money laundering activities by utilizing relevant data and technology provided by BRI, with data sourced from Dowjones.
AML API refers to procedures, laws, and regulations to prevent individuals or organizations from laundering money and concealing the origins of money obtained from illegal activities such as drug trafficking, corruption, fraud, etc. The AML process ensures that suspicious transactions could be identified and reported before the illicit funds enter the formal economic flow.
AML at BRI facilitates the protection of companies and financial institutions, enabling them to comply with applicable regulations and safeguard the financial system's integrity from harmful practices.
In Practice :
- Validating customer identities against international blocklists based on watchlist data.
- Detecting suspicious transactions based on financial behavior patterns.
Benefit :
Legal Compliance :
Ensures international transactions comply with regulations through watchlist-based screening, helping avoid fines or regulatory findings.Early Detection :
Automatically detects and secures suspicious transactions at BRI, such as potential money laundering risks.Better Monitoring :
Automates transaction tracking and reporting to prevent regulatory findings and sanctions.
Available API for AML (Anti-Money Laundering)
Here are some of the APIs available for AML (Anti-Money Laundering).
AML Prescreening
Used to perform prescreening of international customers who transact.
