The insurance sector manages a significant global flow of funds, making it a potential target for financial crimes, including money laundering. To mitigate the risks associated with customer interactions, it is crucial for insurance companies to adopt effective compliance measures. FPM AML-CHECK offers robust solutions designed to help businesses prevent financial crimes, streamline KYC processes, and enhance risk assessments using advanced AI-driven algorithms. Our platform integrates easily within a day and supports all API/AML features, automating your AML control processes with a powerful API powered by Webhook for seamless two-way data transfer.

Insurance companies must adhere to stringent anti-money laundering (AML) regulations to avoid penalties and ensure compliance with global standards such as the Bank Secrecy Act (BSA) and Financial Action Task Force (FATF) recommendations. The risk-based approach central to these standards helps insurers identify and address the specific money laundering and terrorist financing risks within their industry. FPM AML-CHECK enables insurance firms to implement these risk-based strategies effectively. In fulfilling AML and KYC obligations during customer onboarding, our AML Screening Software allows insurance companies to scan customers against global sanctions lists, PEP databases, and adverse media reports.FPM AML-CHECK offers a comprehensive AML Transaction Monitoring Software with advanced features, including dynamic rules, real-time alerts, and a sandbox test environment. This solution integrates seamlessly via APIs and web interfaces, supported by detailed Restful API documentation, to ensure that your compliance processes are both efficient and thorough.