AML technology provider Ondato has introduced AML Ranger, an artificial intelligence-driven solution designed to streamline critical AML compliance processes.

This new tool, offered at no cost, features three primary assistants—sanctions, politically exposed persons (PEP), and adverse media—that conduct real-time screening and monitoring.

Innovative Solution in AML Compliance

Ondato representatives state that AML Ranger is an independent solution built upon the company’s existing compliance technology. It targets financial and professional services firms aiming to enhance monitoring accuracy and efficiency without increasing their compliance staff.

The system leverages advanced AI models trained to interpret contextual information from various sources, including local-language media, international sanctions lists, and PEP databases.

Toward Automation in AML Oversight

The introduction of AML Ranger aligns with a broader trend toward automation in financial crime prevention. According to recent KPMG research, manual compliance checks are costly and prone to human error. Automation can cut operational costs by up to 25% and improve the consistency of AML reviews.

Ondato’s tool aims to address these challenges by reducing the need for extensive manual reviews and speeding up decision-making processes.

Company officials explain that AML Ranger emulates a human analyst’s workflow by quickly scanning multiple data sources and summarizing key findings, which would otherwise take hours. The system is designed to minimize false positives and ensure users receive transparent, evidence-based alerts.

The timing of the launch reflects growing regulatory demands. The European Union’s new Anti-Money Laundering Authority (AMLA), scheduled to commence operations in 2025, will enforce uniform compliance standards across member states. Additionally, the Financial Action Task Force (FATF) recently updated its Recommendations, stressing stronger due diligence and real-time monitoring requirements.