Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation applies to auditors, external accountants, tax advisors, notaries, lawyers, trust or company service providers and other independent legal professionals.
The Accounting and Legal Professionals are key actors in the business and financial world. As such, they have a significant role to play in ensuring that their services are not used to further a criminal purpose or money laundering and terrorist financing activities.
The Accounting and Legal Professionals must adopt appropriate procedures to identify, assess, understand and mitigate the risks of money laundering and terrorist financing affecting their professional relationship with their customers.
AMLEXA enables a remote identification, distance verification, aml risk assessment and monitoring for Accountant and Legal Professionals.
AMLEXA is the first Artificial Intelligence Platform that automates all the processes of “Customer Due Diligence” and “Know Your Customer” for the Accountant and Legal Professionals.
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AMLEXA IDENTIFICATION
MODULE FOR AML PROFESSIONAL
The Amlexa Identification Module for AML Professional, assures customer’s non-face-to-face identification and verification for the accounting and legal professionals, using a patented authentication technology that compares the data contained in the government issued identity document with biometric recognition of the customer’s face and performs specific forensic tests to verify and confirm, through independent and reliable sources, the validity of personal data, information and documentation collected by the customer.
AMLEXA ASSESSMENT
MODULE FOR AML PROFESSIONAL
The Amlexa Assessment Module for AML Professional assures an automated customer AML/CFT Risk Assessment and Management for the accounting and legal professionals, using a patented artificial intelligence algorithm that take into consideration the customer risk, the transactions risk, the product or service risk, the interface risk and the geographical risk. The AMLEXA artificial intelligence algorithm for AML Professional, checks the presence of the customer in PEPs Lists, Sanction Lists, Watchlists and Blacklists, automatically recognizes the suspicious behavior and provide an AML/CFT risk profile of the customer, which permits to determine whether to accept or refuse the business relationship.
AMLEXA MONITORING
MODULE FOR AML PROFESSIONAL
The Amlexa Monitoring Module for AML Professional assures an automated ongoing monitoring of the customer AML/CFT Risk for the accounting and legal professionals, using a patented artificial intelligence algorithm that scrutinizes all the transactions undertaken throughout the course of business relationship to ensure that they are consistent with the knowledge of the customer and his risk profile. The AMLEXA artificial intelligence algorithm for AML Professional checks if the activity is not in keeping with what it knows or expects from the customer and depending on the extent of the divergence noted, it collects more information and documentation and reconsiders the initial risk assessment assigning automatically a new risk profile to the customer.
AMLEXA MLRO BACK OFFICE SERVICES
AML LEGAL BACK OFFICE FOR AML PROFESSIONAL
The Amlexa MLRO Back Office Service, for AML Professional, reports any suspected instance of money laundering or financing terrorism and investigates and determines if the information available can be considered as sufficient to notify the result in an internal report to the Professional or the Money Laundering Reporting Officer (MLRO).