Anti money laundering

Identity checking to meet your global AML requirements

Anti-money laundering & counter terrorism funding

PwC estimate that as much as 5% of global GDP is generated through illegal activity - approximately $1-2 trillion annually. This then needs to be 'laundered’ to get the money to flow through into the legitimate economy.

33%

of financial services organisations have problems with AML data quality

$2tn

lost through global money laundering transactions every year, equal to 5% of GDP

9%

projected growth rate for global spending on AML compliance from 2015 to 2017

A significant share of this goes to fund terrorism, further fueling fear and insecurity. Anti-money-laundering (AML) regulations exist in the majority of countries, particularly those committed to adopting the standards set by the international Financial Action Task Force (FATF).

The recommendations from the Financial Action Task Force (FATF) are seen as best practice, and approval from FATF is a rubber stamp of approval to a country's AML regulations.

FATF carry out ongoing mutual assessments and recommend changes to improve AML practices on a global basis. The challenge for a regulated business is how to keep up with this changing landscape and stay compliant without having to constantly re-engineer its customer and employee processes.

Global data sources

Our reference data sources cover key markets across the globe and help you adhere to the most stringent standards

API integration

The technology is available to integrate directly into your own systems via API

Automated AML checks

We’ll reduce your reliance on paper-based ID checks, removing the risks (and costs) associated with manual checking

All our AML checks include worldwide PEPs and Sanctions screening.


GBG products to help...

LogoID3global

GBG ID3global can verify the identity of almost anyone, anywhere in the world, at any time.

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LogoPredator

Fight fraud and money laundering – and win. GBG Predator constantly monitors your customers' transactions to stay alert to behaviour consistent with new trends in fraud or financial crime.

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