Anti-Money Laundering (AML)
Anti-Money Laundering (AML) compliance is essential to protect your business from financial crime, regulatory penalties, and reputational damage. Understanding the risks and requirements is the first step—discover how Proofenance makes AML simple, effective, and tailored to your needs.
Why Choose Proofenance AML Screening?
Proofenance: The Intersection of Person, Purchase, and Payment
Flexible Customer Onboarding
Save customers in advance during onboarding or during payment processing - your choice based on your business workflow.
- API integration for pre-payment registration
- Payment-time customer creation
- Bulk customer import capabilities
- Custom workflow configuration
Source of Funds
AML focuses on validating the source of money and identifying individuals who may be involved in money laundering or are prohibited from transacting with your business.
- Individual bank account analysis with AI pattern recognition
- Business bank account validation with director screening
- Automatic director and PSC identification (UK only)
- Multi-source funds identification across accounts
Global Address Validation
Individuals can be identified by a combination of their known living address and name.
- 200+ countries supported
- Real-time utility provider verification
- Government / regulated entity database matching
- Multi-jurisdiction compliance
Continuous Monitoring
Once a customer is saved with Proofenance, we continuously monitor their status against watchlists and proactively warn you of any flags.
- 24/7 automated watchlist monitoring
- Instant SMS and email alerts
- Risk score updates in real-time
- Historical compliance tracking
How AML Screening Works
A comprehensive process that validates addresses and screens against global watchlists
Name & Address Lookup
Query numerous well known, trusted, and official sources if they have a person registered with this name and address.
- Multi-source address validation
- Industry and utility provider checks
- Government entity validation
Watchlist Screening
Screen customer names and addresses against comprehensive global watchlists to identify sanctioned or high risk individuals.
- PEP and sanctions screening
- Adverse media monitoring
- Law enforcement database checks
Comprehensive Watchlist Coverage
Screen against the most comprehensive collection of watchlists and risk databases worldwide
PEP (Politically Exposed Persons)
Identify individuals with political exposure who may pose higher risk
Sanctions Lists
Check against international sanctions and embargo lists
Adverse Media
Screen for negative news and media coverage
Law Enforcement
Check against law enforcement databases and wanted lists
Regulatory Bodies
Screen against regulatory blacklists and enforcement actions
High-Risk Countries
Identify customers from high-risk jurisdictions
Source of Funds Validation
Comprehensive validation for both individual and business bank accounts with advanced UK company screening
Individual Bank Accounts
AI-powered analysis of personal bank accounts to identify legitimate sources of funds and detect suspicious patterns.
- AI pattern recognition for transaction analysis
- Legitimate income source identification
- Suspicious transaction pattern detection
- Risk scoring based on account activity
Business Bank Accounts
Comprehensive business account validation with automatic director watchlist screening.
- Business account structure analysis
- Director and shareholder screening
- UK company automatic PSC identification
- Corporate structure validation
UK Company Validation
For UK companies, Proofenance automatically identifies all directors, persons of significant control (PSC), and ultimate business owners, then runs comprehensive watchlist checks against all individuals found.
Company Search
Automatically search Companies House and identify all company officers
PSC Identification
Identify persons of significant control and ultimate beneficial owners
Watchlist Screening
Run comprehensive checks against all identified individuals
Global Address Validation Sources
Validate addresses against multiple trusted sources across industries and jurisdictions
Utility Providers
Electricity, gas, water, and telecommunications companies
Credit Providers
Banks, credit unions, and financial institutions
Government Entities
Local councils, tax authorities, and government agencies
Industry Providers
Insurance companies, property management, and service providers
Continuous Monitoring & Alerts
Once customers are saved with Proofenance, we continuously monitor their status and alert you to any changes
Real-Time Screening
Instant screening against comprehensive watchlists during customer onboarding and payment processing.
Continuous Monitoring
Ongoing monitoring of saved customers against updated watchlists and new risk indicators.
Proactive Alerts
Immediate notifications when new flags appear against monitored customers.
Risk Scoring
Dynamic risk assessment based on multiple factors including watchlist matches and transaction patterns.
Cross-Client Layering Detection
Identify potential layering schemes by detecting the same person across multiple clients and analysing transaction patterns.
AI Bank Account Analysis
Analyse customer bank accounts using AI to identify legitimate source of funds and suspicious laundering patterns.
Advanced Layering Detection & AI Analysis
Proofenance's cross-client capabilities and AI-powered bank analysis help identify sophisticated money laundering schemes
Cross-Client Layering Detection
Proofenance is uniquely positioned at the intersection of person, purchase, and payment data.
- Multiple bank accounts for the same person
- Multiple small payments patterns
- Transaction timing and amounts
- Suspicious cross-client activity
AI Bank Account Analysis
Our AI analyses customer bank accounts to detect suspicious laundering patterns.
- Identify legitimate source of funds
- Detect suspicious transaction patterns
- Analyse transaction frequency and amounts
- Flag potential laundering indicators
How It Works
Data Collection
Gather transaction data across multiple clients and bank accounts
AI Pattern Analysis
Proofenance's algorithms identify patterns, legitimate sources, and suspicious activities
Risk Assessment
Generate risk scores and alerts for potential layering or laundering schemes
Advance Customer Onboarding
When customers are added in advance of payment, Proofenance provides enhanced risk analysis and compliance automation
AI News Analysis
Proofenance automatically searches for recent negative news coverage about new clients and analyses it with AI as part of the risk assessment process.
- AI-powered sentiment analysis
- Real-time negative coverage detection
- Enhanced risk scoring integration
Accountancy Body Questions
Proofenance can attempt to answer accountancy body defined questions about the nature of new clients, helping accountants meet their professional obligations.
- Automated client risk assessment
- Professional compliance automation
- Accountancy body requirement alignment
Perfect for Accountants
Ideal for accountants onboarding new clients ahead of time, providing comprehensive risk analysis and compliance automation that meets professional body requirements.
Important Information
Proofenance AI does not make any decisions - all final decisions must be made by a human. Proofenance only assembles information into a helpful format for human review. Any automated processes use deterministic algorithms that produce consistent, predictable results.
Enterprise-Grade Security
Built with security and privacy at the core, meeting the highest industry standards
End-to-End Encryption
All data is encrypted in transit and at rest.
Regulated Data Access
Access to official databases through regulated APIs, not data storage.
Privacy by Design
Personal data is shared, only validated against official records.
Compliance Ready
Built to meet GDPR, AML, and regulatory requirements from day one.
Complete AML Compliance
AML screening is just one part of Proofenance, the solution to automatically meet all your payments regulatory requirements.
Risk Analysis
Automatically calculate risk based on the transaction and customer profile.
AML Screening & Monitoring
Comprehensive watchlist screening and continuous monitoring for ongoing compliance.
Audit Trail
Complete audit trail with detailed compliance documentation automatically generated.
Ready to Get Started?
Offload your AML requirements to Proofenance, so you can focus on your core business while staying compliant.