Details on SEON’s New AML Suite
According to SEON’s official announcement, their AML Compliance solution was developed through close collaboration with customers to ensure real-time capabilities, high-quality data, and flexible customization for various compliance scenarios. This approach enables teams to tailor risk programs to new products, regulatory areas, internal policies, and changing risks.
The suite is designed as a single, unified platform for managing both fraud and AML compliance tasks, helping organizations detect risks proactively, resolve cases more efficiently, and maintain audit-ready records without the need to switch between different systems or rely on manual processes.
Key capabilities of the product include:
– Early detection of suspicious actors using digital footprints and fraud signals before entering KYC or AML checks.
– Faster customer screening with AI-assisted reviews that help analysts resolve hits more quickly.
– Instant risk detection through real-time transaction monitoring or payment screening.
– Efficient case investigation and faster resolution of cases utilizing unified fraud intelligence.
The product also streamlines regulatory reporting by providing a centralized dashboard for AML signals and transaction data, reducing time spent on reports with autofill capabilities and AI-generated SAR narratives. It facilitates the submission of reports to FinCEN (and future expansion to other regulatory bodies) more quickly, along with status tracking and audit history.
Moreover, SEON offers Managed Risk Services support, providing expert guidance and rule management for leaner teams.
