Anti-money Laundering Tool

A risk-based approach (RBA) compliance solution integrating KYC and KYT to provide a 360° risk profile by leveraging on our proprietary smart risk assessment engine.

A risk-based approach means that countries, state authorities, as well as the private sector should have an understanding of the ML/TF risks to which they are exposed and apply AML/CFT measures in a manner and to an extent which would ensure mitigation of these risks. The set of AML/CFT measures formulated by the FATF was required to be based on an understanding of ML/TF risks already in the 2003 Recommendations. With the revised 2012 Recommendation, risk-based approach has become central to the effective implementation of all the requirements set therein. Whereas in the 2003 Recommendations a risk-based approach was supposed to be applied only in certain circumstances, under the new recommendations it is an overarching requirement, which makes the foundation for an effective implementation of all recommendations.