Cambodia’s Financial Institutions Fight Money Laundering with Advanced Solutions

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The Need for AML Solutions

Money laundering remains a significant threat globally, with estimates suggesting up to USD 2 trillion laundered annually. Financial institutions face substantial costs and resource-intensive operations in combating this issue, making intelligent Anti-Money Laundering (AML) solutions essential.

BANKiQ’s IAML Solution

BANKiQ’s Intelligent Anti-Money Laundering (IAML) offers a comprehensive approach to AML, incorporating:

Customer Risk Scoring: Evaluate customers based on transaction behavior and profiles
Name Screening: Cross-referencing against watchlists, sanction lists, and other red flags
Real-Time Transaction Monitoring: Continuous scanning for suspicious transaction patterns

Why Choose BANKiQ

BANKiQ stands out as a trusted partner in fighting financial crimes. By leveraging advanced technology and cognitive applications, BANKiQ’s IAML is ready to combat illicit activities, adhere to regulatory compliance, and improve AML operations.

Businesses We Serve

BANKiQ serves a range of businesses, including:

Issuers: Verify customer identity and assess potential risks
Acquirers: Monitor customers with ease through transaction behavior and profiles
Fintechs: Say goodbye to compliance risks with cross-referencing against watchlists and sanction lists

Securing Transactions and Ensuring Compliance

BANKiQ’s IAML solution offers flexible deployment options, including:

On-Premise Deployment: Tailored security and control within your IT environment
Cloud Hosting: Reduced IT overhead with pre-defined regulatory compliance rules

Get Started Today

Schedule a demo and discuss your fraud prevention strategy with our solutions team to learn how BANKiQ’s IAML can help you stay ahead of money laundering threats.