Secure AML solutions for banks and financial services

Partner with FinScan to combat money laundering and the funding of terrorist activities. Uncover risk in deposit accounts, money transfer, correspondent banking services, mortgage lending, capital markets, or any money services businesses (MSBs) operations, including crypto exchanges, with end-to-end validation, verification, and monitoring solutions for your clients.

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FinScan AML Solutions for Banks and Financial Services

Cutting-edge technology

Modernize your existing AML processes by selecting our end-to-end solution, or seamlessly integrate any FinScan product in your existing workflow with our robust, proprietary batch or API protocols.

Advanced risk detection

Identify risk from all customer relationships including joint accounts, beneficiaries, fiduciaries, co-maker, cosigners, UBOs, and owners of enterprise and SMB accounts against global AML and sanctions databases.

Improved data quality

Achieve more precise screening outcomes with improved data quality, leading to fewer false positives and the uncovering of potential hidden risk.

Strategic partnerships

Build long-term success through a partner relationship founded on decades of industry knowledge, excellent customer service, and a continuous dialogue with our AML subject matter experts.

AML requirements for financial services

Simplify AML compliance with a comprehensive solution

Provide secure financial services and achieve AML compliance with FinScan’s end-to-end KYC and AML suite. FinScan offers completely modularized products that allow seamless integration into your existing AML processes to deliver a frictionless customer experience.

AML Processes Regulatory Requirements Products
KYC and Customer Due Diligence (CDD)

Collect client information such as name, address, date of birth and other identifying information.

Verify clients’ identity by validating their ID documents and asking for proof of address.

Identify the business owners, ultimate beneficial owners and ownership structure of enterprise and SMB accounts.

AML and sanctions screening

Screen customers, beneficiaries, fiduciaries, cosigners, UBOs and owners of SMBs and enterprises against sanctions, PEP, watchlist, internal lists and adverse media.

Onboarding risk assessment

Measure AML risk associated with customers, SMBs and enterprises by dynamically evaluating multiple factors to assign risk ratings.

Enhanced due diligence

Create detailed investigative due diligence reports to push our investigations further for high-risk customers.

Ongoing monitoring

Monitor customers, beneficiaries, fiduciaries, cosigners, UBOs and owners of SMBs and enterprises against sanctions, PEPs, watchlists, internal lists and adverse media.

Monitor changes in entity ownership structure to identify and screen new UBOs.

Stay on top of your business relationships by continuously monitoring any changes in risk profile that require further due diligence.

Payment screening

Screen all your deposits, withdrawals, and domestic and international payments to block risky payments in real time.

Documents and notes

Securely store documents and notes related to each account for easy access when needed and to document your decision making.

Audit trail

Track every case back to its origin, ensuring that all AML data and customer information is accurately recorded and compliant with regulators’ requirements.

AML requirements for financial services

Optimize AML operations for your financial services

For financial institutions, streamlined and efficient AML operations are a must. FinScan offers the ultimate solution to address the operational complexities of deposit accounts, money transfers, correspondent banking, lending, and other money services operations, ensuring a seamless and efficient process.

Challenges Solution Features
Multiple financial products

Configure matching rules at a “granular” level to pinpoint the exact matches you want to review by risk level, internal data source, and compliance list to enable truly a risk-based approach for all your financial products and offerings.

Large record volume

Onboard millions of customers and monitor ongoing sanctions risk and payments daily with our highly scalable platform. Screen quickly and efficiently in batch or in real time through APIs to effectively identify risk without avoiding interruption to your daily operations.

Dramatically reduce false positive rates for your review team with advanced screening technology and better data.

Multiple data sources

Seamlessly connect all mainframe and enterprise applications to screen customers, entities, and payments to uncover risk from all data sources. Additionally, reduce unnecessary alerts by eliminating duplicate records – streamlining your screening process, and saving time.

Data quality challenges

Eliminate data quality issues commonly found in the banking and financial services industry that can lead to missing true hits in your AML screening. With FinScan, you can rest easy knowing that you have the tools to tackle these issues head on, ensuring that joint accounts, trustees, and beneficiaries are not overlooked.

Global operations

Support your global operations by screening against the necessary AML lists by jurisdiction.

With FinScan’s native-to-native screening technology, you can screen in different languages and alphabets, resulting in more accurate screening results.

Cross-team escalation

Customize your escalation workflow and user controls with FinScan to support your AML operations worldwide. Easily configure alerts to be reviewed by users in different countries and teams, with the ability to escalate to the relevant team.

Data protection regulation

Choose the deployment option that best supports local data protection laws. Whether on-premise, cloud-based, or a hybrid of both, you have the flexibility to meet the most complex data protection requirements, ensuring compliance while supporting your business expansion.

Choose high availability disaster recovery options to prevent unexpected events and swiftly bounce back and continue operating with minimal interruption.

Case study

Uncovering sanctions violations and dramatically reducing false positives

Read how one of the leading Latin American-based payment processors achieved transformational changes in its AML operations with FinScan’s advanced screening technology. The results? FinScan now monitors risk in their global customer database from 15 countries in multiple languages. With access to FinScan’s latest generation of pattern-based matching technology, the bank was able to uncover 82 confirmed hits of sanctions and politically exposed persons (PEPs) despite data inconsistencies between customer records and sanctions list profiles, and at the same time achieved a 62% reduction in false positives, saving over 19K person hours of review effort.


Improving the quality of the multi-lingual data being screened saw a reduction in false positives of 62%.


Overall, 82 additional confirmed sanctions and PEPs hits were uncovered when screening, avoiding hefty fines.


With a more manageable amount of cases to review, over 19K hours of review effort were saved.

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