AMLex365 is the only tool in the market which is ISO 27001 compliant, offering the
highest levels of customer data security in a batch processing mode.
All in one AML Solution
AMLex365 is the most sophisticated and comprehensive online and web-based solution in the market today. It is an one-stop shop that embraces KYC profiling and CDD management, customer risk assessment, transaction monitoring, group structure and overall reporting, in an all-inclusive solution without any extra costs. It is built with the highest levels of technical and AML expertise, that fulfils all compliance regulatory requirements.
Risk Assesment based on regulatory requirements
The system's multi-user platform identifies money-laundering risk across different types of organisations and industries and allows enterprises to determine the risk level of their customers in the most sophisticated way by using a weighted average methodology in accordance with regulators requirements. This makes the solution a critical tool for Compliance Officers, ensuring they can effectively comply with day to day AML requirements.
KYC Profiling, Customer Due Diligence (CDD)
Within the AML Risk assessment Tool, the KYC profiling tool allows you to create the customer profile(Customer Management) and based on the characteristics of the customer you proceed to risk assess. Once the risk classification is set you assign the type of Customer Due Diligence based on the Risk Level assigned to your Customer.
Document Management Tool
Using the Document Management Tool and based on the type of Entity (e.g private entity, public entity, fund, trust etc), the risk level and type of due diligence (e.g. NDD, SDD or EDD) the system will determine the documents that you need to collect to enable a complete Due Diligence process and create the Customer File with all documents collected for verification purposes
AML Risk Assessment Tool
The automated risk assessment and scoring tool is used to identify and assess the AML Risk of your customers based on the customer’s profile , risk factors and other parameters using sophisticated Algorithms for risk assessment and classification of Entities to Low, Medium and High Risk. Allocation of weights for each risk factor and parameter is determined relative to other risk factors and a fully editable risk scoring matrix is displayed.
It is necessary to obtain a hierarchy that shows your client entity and related entities & subsidiaries leading to the Shareholders and Ultimate Beneficial Owners. The tool enables group structure management by:
Interconnecting entities of the same group
Build the group structure of a client entity and related entities within the group even when these entities are not your own clients.
Create non-client entities outside the AML risk assessment system
Determination of roles of individuals such as ultimate beneficial owners, shareholders, directors, authorised persons and relate them to client and non-client entities
AMLex365 already embeds a workflow methodology and has the ability to be integrated with other third party systems through the API technology. It supports the maker/checker approval process, audit trail and action rights. The exact requirements must be define during the system analysis phase of the project in order to be customized/developed accordingly;
This is a separate module that already exist into system. The functionality includes among other things tasks management, monitoring of actions, actions ownership, deadlines management and planning. The exact requirements must be define during the system analysis phase of the project in order to be customized/developed accordingly;
AMLex365 embeds various reporting capabilities that provide instant access to the key information for the supervised entities.
KYC Profile Reports
Risk Assessment Reports
Transaction monitoring reports
Presentation of statistical information,
Various reports as requested by regulators
Other customised reports may be created upon requirement to deliver a comprehensive money laundering risk profile to fulfil investigator, regulator, board member and stakeholder requirements.