Smart Infotech

Politically Exposed Persons have to be identified & screened in companies as they pose many financial fraud risks. AML-TRACE performs PEP Screening , which helps you keep all such dangers at bay. PEPs are high-risk clients who have access to more potent opportunities than ordinary citizens to acquire assets via illegal means like money laundering & taking bribes. For the most effective AML compliance to become possible, it is crucial to identify PEPs & determine their risks. This is generally referred to as PEP list screening. Use of standardized data for AML name screening by AML-TRACE Complete & reliable electronic customer data records are the basis for effective PEP screening. Without accurate unique identification data, PEP screening will not serve its purpose. The eventual results arrived at based on this data will be irrelevant & inconsistent. Here, we lay out the minimum information that all companies need to keep a record of so that an effective PEP screeni...

If nothing else, the present crisis has revealed that you can never be ‘too prepared’ for the worst. But what if we tell you that we have a solution that exceeds your expectations when it comes to minimizing your business’ financial risks? AML-TRACE is this solution. Featuring cutting-edge AI, it is an on-site and cloud-based anti-money laundering (AML) software that helps prevent financial crimes and counter-terrorism financing activities against businesses. These include exchange houses, insurance companies, DNFBPs like dealers in precious metals and stones, brokerage firms, real estate, legal firms, audit firms and other industries. Simply put, AML-TRACE help firms identify the potential risks of the entities or parties, with whom businesses conduct (or are planning to conduct) transactions. Benefits of using AML-TRACE:- It helps collect, maintain & analyze the KYC data.  It improves the management process of client onboarding. The software automates workflows within the or...