AML Compliance Solutions for Insurance
AML compliance is easier than ever for the Insurance Industry.
Trusted by Over 300 Clients
Minimize the Risk Your Customer Bring
The insurance industry generates a massive flow of funds all over the world.Some of these funds might be dirty money. Insurance companies are vulnerable to financial crimes. Minimizing the risk your customer brings is essential. Sanction Scanner helps businesses to prevent financial crimes with our products.
Automate your KYC process and Risk Assessment
Managing time effectively is important for businesses.Sanction Scanner automates your KYC process and risk assessment with its enhanced AI-driven algorithm. You can integrate Sanction Scanner into your project within a day. It supports all the features of our API/AML solutions. We automate your business' AML Control Processes with a powerful API that has been powered by Webhook and reduce your workload. Webhook provides two-way data transfer between Sanction Scanner and your project.
Sanctions and Watchlist Data
Structured real-time sanction dataLearn More
Categorized PEP dataLearn More
Dynamic Rules and Scenarios
Create rules specific to your risk levelLearn More
Comply with insurance regulations
Insurance companies have to comply with anti-money laundering regulations requirements. The risk-based approach is central to effectively implementing recommendations for the authorities such as BSA and FATF to fight money laundering and terrorist financing. The insurance industry's risk-based approach highlights the nature and level of money laundering and terrorist financing risks of the insurance industry. Sanction Scanner helps firms to implement these risk-based recommendations and rules.
AML Screening Software for Insurance Industry
Organizations serving in the ınsurance industry must fulfill their AML and KYC obligations during the customer account opening processes. With our AML Screening Software, Insurance companies can scan their customers in 220+ countries' sanctions, PEP, and adverse media data. The insurance industry has to comply with its AML and KYC obligations to avoid AML penalties.