The AML process is central to effective financial crime prevention. Every business must follow anti money laundering steps to comply with regulations and reduce risk. Tracefort’s platform delivers AML workflow automation, integrates KYC and AML checks, and streamlines transaction monitoring. With Tracefort, the AML process becomes simpler, faster, and more compliant.
Trusted by banks, fintechs, and global financial institutions.
What is the Anti-Money Laundering (AML) Process?
Anti-Money Laundering (AML) is a series of controls, checks, and ongoing monitoring designed to prevent financial crime and stop illicit funds from flowing through financial systems. An effective AML program blends KYC (Know Your Customer), transaction surveillance, and robust reporting, protecting your business and keeping regulators satisfied.
Implementing a robust AML process protects your organization from regulatory penalties, reputational risk, and financial crime.
Customer Due Diligence (CDD)
Before onboarding, businesses must verify the identities of customers and assess their risk level. This ensures only legitimate users gain access to financial services.
Ongoing Monitoring
Financial transactions must be continuously monitored for unusual patterns or potentially suspicious activity. Continuous monitoring helps detect risks early.
Sanctions & PEP Screening
Customers must be checked against global sanctions lists, politically exposed persons (PEP) databases, and other watchlists to remain compliant with international regulations.
Suspicious Activity Reporting
When suspicious activity is detected, organizations must report it to the appropriate regulatory authorities in a timely manner.
AML Process Workflow With TraceFort
Enterprise-Grade Security and Regulatory Compliance
Why Automate Your AML Process with Tracefort
Frequently asked questions
What is the purpose of the AML process?
AML ensures financial institutions detect and prevent money laundering, fraud, and terrorist financing, protecting the organization and the global financial system. The AML process starts with anti money laundering steps like customer screening and monitoring.
How does automation help AML compliance?
Automation speeds up screening, reduces human error, lowers false positives, and ensures continuous monitoring against global watchlists.
Can Shield integrate with existing systems?
Yes, Shield can connect via secure APIs, dashboards, or batch uploads for a seamless experience. Just two APIs covers all
How often are sanctions and PEP lists updated?
Shield updates all watchlists daily, ensuring compliance with the latest regulations.
Is my data secure?
Yes, all data is encrypted in transit and at rest, and Shield complies with global data protection standards.
Streamline Your AML Process Today
Protect your business, reduce manual effort, and stay fully compliant with Tracefort.
