Financial Crime World

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San Marino Leads the Way in Fight Against Financial Crime with Advanced Technological Solutions for AML/KYC

The Republic of San Marino has emerged as a global leader in the fight against financial crime, adopting cutting-edge technological solutions for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance. Azimut, a leading provider of KYC solutions, is at the forefront of this initiative, offering innovative technologies that are revolutionizing the way businesses onboard customers and verify identities.

Accelerating Customer Onboarding and Compliance

Azimut’s KYC solutions enable businesses to automate their internal due diligence processes, reducing the risk of false positives and accelerating customer onboarding. The platform provides real-time notifications and alerts for changes in new risks, ensuring that compliance teams are always ahead of potential threats.

  • Automates internal due diligence processes
  • Reduces risk of false positives
  • Accelerates customer onboarding

Enterprise Document Collection Solutions

Azimut’s Enterprise Document Collection Solution is a highly secure platform that enables customers to provide information to organizations for KYC purposes. The solution includes:

  • Mobile apps for easy document collection
  • Web browser portals for seamless integration
  • Upload portals for convenient document submission
  • REST APIs for flexible API integrations
  • Self-service deployments for fast and efficient collection

Advanced Data Extraction and Assessment

Azimut’s KYC solution uses Optical Character Recognition (OCR) and Artificial Intelligence (AI) to extract details from individual customer IDs, which are then screened and verified against anti-money laundering regulations. The platform integrates with central databases, flagging any new potential customers for further review.

  • Uses OCR and AI for data extraction
  • Screens and verifies customer information
  • Integrates with central databases

Reporting and Analysis

The Azimut KYC solution provides compliance teams with the ability to create customized reports, including regulatory, internal, and external reports, on-demand and in real-time. The system showcases key statistics about compliance, providing businesses with valuable insights into their AML/KYC processes.

  • Creates customizable reports
  • Provides real-time reporting and analysis
  • Offers key statistics and insights

San Marino Leads the Way in Fight Against Financial Crime

With its adoption of advanced technological solutions for AML/KYC, the Republic of San Marino is setting a new standard for financial crime prevention. Azimut’s innovative solutions are at the forefront of this initiative, providing businesses with the tools they need to stay ahead of potential threats and ensure compliance with regulations.