Compliance departments spend too much time and energy onboarding large corporates, which require screening against AML, sanctions and embargo regulations. Multi-national companies are highly complex organizations, although that does not protect banks, FIs and counterparties from liability for compliance breaches.
Yet much of this work can be automated, allowing compliance operatives to undertake more valuable work. Conpend’s KYC AI app automatically screens company documents against global AML, KYC and sanctions regulations – triggering alerts for compliance officer verification.
Conpend's KYC AI app includes: