Anti-Money Laundering

AML

A rigorous customer screening process is critical to full AML and KYC compliance. With IDV + AML, we combine our award winning identity verification solution with a robust series of checks against real-time global sanction lists, warnings, and proprietary databases of politically exposed persons, ensuring your end user is both identified and safe to transact with.

Coverage Types

Type

Description

Sample Lists

Update Cadence

Sanctions

List of persons or entities who are prohibited from using a financial system by government action

OFAC
UN Consolidated EU Consolidated 125+ additional sanction lists

Every 3 to 15 minutes

Watchlists

Issued by law enforcement or other regulatory bodies targeting criminal or non- compliant behavior

Coverage includes over 1,000 global watchlists

Every 3 to 15 minutes

Politically Exposed Persons (PEP)

Flags potential government officials for further review and diligence

Proprietary database

Every 24 Hours

Ongoing Monitoring

We offer ongoing monitoring of screened identities for a nominal surcharge. If enrolled, Vouched will notify you via email and/or post to a webhook within 24hrs of any change in status of a screened person. To enable email monitoring or webhook monitoring, please reach out to [email protected] and give them the email address or webhook URL you'd like to notify.

Politically Exposed Persons (PEP) Classification

We have four classes of PEP, each based on FATF guidelines.

PEP ClassificationsPEP Classifications

PEP Classifications

Listed PEPs can also be Relatives and Close Associates (RCAs), which include spouses, partners and children, to give a more accurate insight into the risk of who you’re doing business with.


Did this page help you?