iDenfy has introduced its latest Anti-Money Laundering (AML) solution, designed to examine individuals and businesses against various AML databases, including global sanctions lists.
The company has enhanced its Regulatory Technology (RegTech) software to streamline the automated detection, prevention, and monitoring of money laundering risks. This updated tool supports improved global regulatory compliance and detects fraud with more robust data sources.
Key Features of iDenfy’s Platform
The new AML screening platform features a comprehensive and regularly updated workflow, ensuring transparent and auditable compliance across all iDenfy products. Users can monitor individuals and organizations against PEPs lists, adverse media, sanctions, and other risk datasets in real-time.
Users benefit from the new labels and risk categories displayed on the dashboard. To gain a full risk profile, one only needs to enter a person’s name; the platform provides all relevant information within seconds.
A novel configuration structure has been introduced that enables iDenfy partners to manage AML match thresholds, sanction filters, and PEP risk tiers through a single platform. This system supports both automated and manual AML checks driven via API or the dashboard. It also allows for immediate AML checks during onboarding processes or within other iDenfy Know-Your-Business (KYB) and Know-Your-Customer (KYC) systems.
Advanced logic has been developed to handle high-risk clients, helping users assess the risk of both foreign and domestic Political Exposed Persons (PEPs), their families, and close associates. The software categorizes PEP tiers by influence and exposure, allowing organizations to apply due diligence measures only when necessary and reduce operational friction. Tier 1 covers heads of state and senior ministers, while Tier 3 includes local officials or lower-risk positions.
The new AML dashboard dynamically adjusts filters based on each partner’s setup. Users can view risk lists, search results, and detailed AML check information for specific individuals. The system replaces ambiguous tags like “AML suspected” with clear labels such as “Flags found,” “Flags not found,” “True positive,” and “False positive,” enhancing accuracy.
iDenfy’s AML platform consolidates data from over 45,000 public sources across more than 210 jurisdictions, including the UN, EU, and OFAC. Every verification is recorded with full audit details, and PEP data is updated within 48 hours of global leadership changes. This unified dashboard simplifies access to sanctions and PEP lists, aiding companies in maintaining compliance amid evolving geopolitical risks.
