The risks financial institutions face from money laundering are well recognized. Despite the fact that the overwhelming majority of jurisdictions have implemented the Financial Action Task Force’s AML recommendations to reduce their exposure, the amount of illicit funds laundered each year is still estimated to be well in excess of $2 trillion, equal to between 2 – 5% of global GDP. Because of this IDmission set out to create the worlds most compliant AML/KYC Solution.
Amplified by TransUnion
As a TransUnion integration partner, we are able to offer extensive consumer and business information. These services come pre-integrated into all IDmission end-to-end solutions.
IDmission allows for 3 options to perform due diligence and monitoring to mitigate third party risk in real time. Via API, batch upload or through our state of the art SAAS user interface.
IDmission’s AML/KYC solution is constantly gathering data from over 240 countries and territories including tens of thousands of news articles daily.
IDM-PEP is the first fully automated solution available globally that utilizes artificial intelligence and machine learning technology to identify, develop and enhance Level 1, 2 & 3 PEP profiles continuously.
IDM-WLS utilizes over 4,500 Government published watch lists from around the globe. We enable users to determine if a subject is involved in crimes, terrorism, corruption or financial regulatory actions.
Search individuals or business entities against news articles that are collected from thousands of media sources globally every 24 hours. Monitor crime, corruption, terrorism, money laundering, etc.
Our Comprehensive KYC Services:
- Antitrust violations
- Banned/fake medicines
- Bribery and corruption
- Currency counterfeiting
- Cyber crime
- Environmental crimes
- Falsifying information on documents
- Hostage taking
- Human trafficking
- Illegal cartel formation
- Illegal distribution
- Illegal production
- Illicit trafficking of stolen goods
- Insider trading
- Migrant smuggling
- Money laundering
- Narcotics and firearms trafficking
- Organized crime
- Pharmaceutical trafficking
- Piracy counterfeiting
- Price fixing
- Securities fraud
- Sexual exploitation of children
- Slave labor
- Tax evasion
- Terror financing
- War crimes
Reduce Risk. Stay Compliant.
Many financial institutions run the risk of having money laundering, extortion, insider trading, and other fraudulent activity issues. Unfortunately, the amount of money that is laundered each year is still estimated to be about $2 trillion which is equivalent to about 2-5% of the global GDP.
Because of this, IDmission has set out to create AML/ KYC compliant solutions to eliminate fraudulent activity before it has a chance to even occur.
In this brochure, learn about:
- Why Having a Global Watch List is Important and About the Screening Process
- The Impact of Negative Media
- IDmission’s Monitoring Solution