AMLEXA is the first Artificial Intelligence Platform for “Distance Customer Due Diligence” and “Remote Online KYC (Know Your Customer)”, that automates all the processes of Remote Identification, AML Verification, AML Risk Assessment and AML Transaction Monitoring for the cryptocurrency, gaming, financial and professional sectors.
AMLEXA is a web aml compliance software, easily customizable and integrable with API into any system with a minimum configuration, consisting of four modules:
AMLEXA AML IDENTIFICATION MODULE
“Amlexa AML Identification Module” is an aml onboarding and id verification software that assures non face to face customer identification, automated kyc and online identity verification using a patented authentication technology that compares the data contained in the government issued identity document with biometric recognition of the customer’s face (Biometric Identification).
The “Amlexa AML Identification Module” automatically collects information and data online from the customer and performs specific forensic tests to verify and confirm the ID validity and the customer identity.
AMLEXA AML VERIFICATION MODULE
“Amlexa AML Verification Module” is an aml verification software which guarantees automatic aml checks, pep checks and real time aml validation.
“Amlexa AML Verification Module” automatically verifies the presence of the customer in Politically Exposed Person List (Peps List), Sanction Lists, Aml Watchlist and Aml Blacklist and confirms, through independent and reliable sources, the validity of personal data, information and documentation collected by the customer.
“Amlexa AML Verification Module” automatically prepares the anti money laundering declaration form (aml declaration form) and allows the customer to sign it with an advanced electronic signature.
AMLEXA AML RISK ASSESSMENT
“Amlexa AML Risk Assessment Module” is an aml software that assures an automated money laundering risk assessment and real time AML Risk Management.
The “Amlexa AML Risk Assessment Module”uses a patented artificial intelligence algorithm that take into account the aml risk, the customer risk, transactions risk, the product or service risk, the interface risk and the geographical risk.
Amlexa Artificial Intelligence Algorithm automatically recognizes the suspicious behavior and provides a real time aml risk assessment which permits to determine whether to accept or refuse the business relationship.
AMLEXA AML TRANSACTION MONITORING
“Amlexa AML Transaction Monitoring Module” is an aml screening software that assures an automated aml monitoring of the customer aml Risk.
“Amlexa AML Transaction Monitoring Module” uses a patented artificial intelligence algorithm that scrutinizes all the aml transactions undertaken throughout the course of business relationship to ensure that they are consistent with the knowledge of the customer and his aml risk profile.
Amlexa Artificial Intelligence Algorithm checks if the aml transactions are in keeping with what it knows or expects from the customer and depending on the extent of the divergence noted, automatically collects more information and documentation and reconsiders the initial aml risk assessment assigning automatically a new aml risk profile to the customer.
AMLEXA reports any suspected instance of money laundering or financing terrorism and ITL’s back office investigates and determines if the information available can be considered as sufficient to notify the result in an internal report to the Money Laundering Reporting Officer (MLRO).