What is the best AML software?
To be considered the best, anti-money laundering (AML) software should have the following features:
- Individual and bulk name search
- Maintenance of historical records and audit trails
- Real-time database upgradation
- Integration with Artificial intelligence
- Intelligent algorithms to detect money laundering, terrorism financing or proliferation financing risks and reduction in the chance of false positives
- Customer case management
To know more, check out our guide on how to find the best AML software: