Anti-Money Laundering Software

Establish an effective AML program to comply with legal requirements, identify money laundering, and combat financial crime.

Anti-money Laundering Software
Build an effective AML Compliance Program

Corporater Anti-money Laundering (AML) software solution is a digital tool that enables organizations to establish an effective AML compliance program for battling financial crime. It enables organizations to have a holistic view of their AML requirements, demonstrate compliance with prescribed regulations, and detect and prevent crimes such as money laundering, fraud, data theft, security threats, privacy breaches, and non-compliance.

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Corporater Anti-money Laundering (AML) Software

Scrutiny around compliance is rapidly increasing as regulators look to ensure that companies are putting policies and procedures in place to effectively identify, monitor, and mitigate risk. To combat the risk of financial crime, banks and other financial institutions are required to implement an Anti-money Laundering (AML) compliance program. Given the complexity of AML laws, designing, and maintaining an effective AML compliance program has proven to be a challenge for many organizations.

Corporater Anti-money Laundering (AML) solution is an enterprise-grade digital tool that enables organizations to govern, manage, and assure a solid AML compliance program, and demonstrate compliance with AML regulations. Corporater enables AML compliance officers to implement a risk-based approach to AML compliance to effectively minimize risk of financial crimes and maximize compliance.

Corporater AML software enables firms to:

  • Establish a strong AML compliance program
  • Holistically govern, manage, and assure AML crime prevention activities
  • Configure custom AML dashboards to display relevant data metrics, KPIs, KRIs, and KCIs at each organizational level
  • Create and communicate AML policies and procedures
  • Identify, assess, address, and report AML risks across the organization
  • Manage cross-border and multi-jurisdictional AML-compliance requirements on local and global level
  • Generate reports to demonstrate AML compliance to key stakeholders and the regulatory body
  • Integrate with specialized RegTechs for due-diligence, KYC, and transaction monitoring tools

Corporater AML solution can be used as a point solution or in combination with other Corporater and third-party solutions to form a holistic GRC program that continuously strengthens the three lines of defense. Built on Corporater Business Management Platform, Corporater AML solution can be seamlessly extended with solutions such as Enterprise Risk Management, Business Continuity Management, Internal Audit, and others.

Solution Features

  • Intuitive user interface
  • AML dashboards
  • Risk dashboards
  • Compliance dashboards
  • Risk monitoring
  • Risk assessments
  • Risk treatment
  • Policy management
  • RegTech docking and monitoring
  • Data integration (automated and manual data input)
  • Third-party data integration
  • Automated workflows
  • Automated reporting
  • Document management
  • Version control
  • Audit log
  • Alerts and notifications
  • Customizable branding
  • Access control / permissions
  • SSO

Solution Benefits

Have a complete overview of your AML program

Create custom dashboards to display relevant metrics, KPIs, KRIs, and KCIs at each organizational level and across the three lines of defense. Seamlessly integrate Know Your Customer (KYC), Suspicious Activity Investigation (SAI), and Customer Identification Program (CIP). Assign tasks and responsibilities to institute a culture of compliance – ensure your staff is aware and empowered to do the right thing.

Reduce risk of fines and non-compliance

Reduce risk exposure for both compliance related penalties and financial crime incidents by combining a risk-based approach (RBA) for the AML program with an outcome-based approach (OBA) for compliance objectives. Reduce the risk of fines by implementing a digital, holistic AML program that enables you to demonstrate compliance with prescribed laws, rules, and regulations to auditors and regulators.

Automate your processes to save time and improve accuracy

Alleviate administrative burden, reduce room for error, save cost by automating your processes and workflows. Set up automated reminders, alerts, and notifications, and automate your reporting.

Demonstrate compliance and accountability

Demonstrate compliance and accountability to key stakeholders, auditors, and the regulatory body with comprehensive AML compliance reports. Select the data and information to include and export your reports as Word, Excel, PPT, or PDF.

Manage your AML program across the Three Lines of Defense

Corporater AML solution enables you to holistically govern, manage, and assure your AML program across the three lines of defense. Monitor various aspects of AML with customizable dashboards, manage compliance risk, and keep everyone in your organization informed about your policies and procedures. Corporater facilitates efficient collaboration between the three lines of defense allowing everyone to work in the same system.

1st Line of Defense: Management - Functions that own and manage risk

The role of the 1st line of defense is to operationalize the compliance program based on the policies put in place by the 2nd line of defense. This is done according to the methodologies and best-practice framework selected.

2nd Line of Defense: Governance - Functions that oversee or specialize in risk management and compliance

Governance of a compliance program (also called management commitment) usually starts with Policy Management to establish policy objectives such as which laws and regulations to adhere to, what organizational best-practice frameworks to adopt, which roles we need, who will be responsible, what is our risk tolerance, and high-level processes.

3rd Line of Defense: Assurance - Functions that provide independent assurance, above all internal audit

Mandated by law or by a compliance standard, an internal assurance function for the compliance program might be required. Corporater supports this function with internal audit dashboards and audit functionalities.

Anti-money Laundering Software
  • SaaS, on premise, or private cloud deployment
  • Industry-leading security for your data
  • Flexible configuration and customization
  • Rapid implementation
  • Ongoing support and innovation

Key Capabilities

Corporater Anti-money Laundering (AML) solution comes pre-configured with best practice frameworks, templates, and functionalities needed for an effective risk and AML management.

Custom Dashboards

Go beyond traditional dashboards. Configure custom business dashboards to display relevant information, KPIs, and other metrics. No coding needed.

Risk Planning

Keep your organization prepared for the unexpected with Corporater risk planning and early risk identification.

Risk Identification

Continuously identify risks in various ways — from forms, data integrations, or user input — and record them in a centralized risk register (risk inventory).

Risk Assessments

Analyze, evaluate, and respond to your risks. Corporater supports quantitative, qualitative, and semi-quantitative risk assessments.

Risk Monitoring

Monitor identified, residual and secondary risks, take a corrective action, and measure effectiveness of your response.

Powerful Reports

Generate comprehensive reports in a variety of popular formats, including Word, Excel, PPT, and PDF. Include visual elements such as graphs and risk heat maps.

Risk Register

Build and maintain a centralized risk register (risk inventory) to have a complete and current overview of risks across your organization.

Incident Management

Establish and automate incident management process to minimize adverse impact on your organization. Monitor, report, and resolve incidents.

Alerts & Notifications

Create custom alerts to notify key stakeholders when a KPI moves above or below a specified threshold, when a goal is reached, or when a new issue arises.

Ready to get started? Request your free demo today.

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All solutions built on Corporater Business Management platform can be seamlessly integrated with one another allowing you to start with one solution and scale up later as your needs evolve. With Corporater, the process of scaling up is fast, easy, and non-disruptive to the end users.

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Why top organizations choose Corporater

Deployment of your choice

Select deployment option that fits your needs: SaaS, on premise, or private cloud.

Powerful Data Integration

Integrate data from various sources to have a full picture of your business.

Flexible Configuration

Have it your way – create a solution that fits your specific business requirements.

Rapid Implementation

Get up and running in weeks, not months, with Corporater ready-to-go accelerators.

Industry-leading Security

Corporater is VL5 Veracode Verified and offers the highest level of security.

World-class Customer Support

We are here for you with premium support and continuous innovation updates.

Contact us to schedule your free demo.
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