AML & PEP Screening Made Easy For Businesses

AML PEP

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Complying with Anti-Money Laundering (AML) regulations can feel like walking on a tightrope, but it doesn’t have to be. At Seamfix, we understand the challenge of balancing regulatory compliance with a seamless customer experience. This is why we launched Seamfix Verify, to make things easy for you. 

Our AML & PEP (Politically Exposed Persons) screening feature helps you stay compliant and protect your business from fines and regulatory sanctions.

What is Anti-money Laundering (AML)?

Anti-Money Laundering (AML) refers to the regulations and processes implemented by financial and some non-financial institutions to prevent malicious actors from disguising and integrating funds acquired via illegal means. 

Why does AML compliance matter?

  • It protects your organization from financial crime, which can damage your brand image.
  • You can avoid hefty penalties from regulatory bodies, which affects your corporate reputation and business bottom-line.

Also wondering what PEP Screening is and why it matters?

The term Politically Exposed Persons (PEPs) is used to describe public office holders and high-profile citizens & their associates. This includes heads of state, government officials, politicians, traditional rulers, and senior executives of state-owned corporations and their close friends and family members. 

Due to their positions, some PEPs often engage in money laundering and corrupt activities. To mitigate these risks, financial institutions are required to conduct enhanced due diligence on PEPs and their close associates.

Beyond PEPs: Adverse Media Screening

Our AML & PEP screening feature goes beyond identifying PEPs. It also notifies you on:

  • Negative press coverage related to potential financial crime, business partners or reputational risk.
  • Individuals and entities identified by international bodies who are involved in terrorism, proliferation of weapons, or other illicit activities.

Seamfix is Your Partner For AML & PEP Compliance

Our user-friendly Verify platform offers a comprehensive solution for your AML & PEP compliance, including:

  • Seamless Integration into your existing workflows through our easy-to-use APIs/SDKs.
  • Advanced Screening Technology for more accurate and reliable screening results.
  • Real-time Monitoring of changes in PEP status, sanctions lists, and adverse media.
  • Detailed Reporting to simplify audits and regulatory requirements.

Wait, that’s not all! We also offer a global database covering over 198 countries worldwide.

Getting started is easy! Here’s how:

  • Visit verify.seamfix.com and sign up for free
  • You can also contact our sales team to discuss your specific needs or explore the platform with a free demo.

Click the button below to schedule a call

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