GREEN AML REPORT
AMBER AML REPORT
OVERALL USER LOGIN
AML/CFT preventive measures to be taken by Lawyers
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- When there is suspicions of Money Laundering / Terrorism Financing
- When there are doubts about the accuracy or adequacy of previously obtained Client identification data
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Verify Client Identity
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Screen client against the Terrorism (Suppression of Financing) Act (TSOFA)
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Screen client against the UN Sanction alert lists as defined under the United Nations Act (“UN Act”) (Cap. 339)
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If found in the sanction lists, Lawyers must:
- decline to enter into any transaction with the Client;
- terminate any transaction entered into with the Client; and
- make a report to the SONAR.
Key Features of AML Check
- Verify Client's Source of Fund
- Conduct Worldwide Google Search
- Conduct UN Sanction Search
- Perform real-time Bankruptcy Check/State Courts Criminal Trials
- Real-Time Search Company's Director and Shareholder
- Use of Artificial Intelligence to verify names
- Record retention per regulatory requirements (5 years)
- Check 1000 Plus Databases World Wide
Where the subject is a Foreign National, AML Apps will automate checks of 120 Countries with 1000 Regulatory Law Enforcement via
Financial Regulatory and Law Enforcement Source List
.
Additionally, where any check returns either an Amber or Red code we will conduct a deeper dive.
Various countries Database check:
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