AML KYC/CIP Solution

Learn More About Our AML KYC/CIP Solution

Firms that aim to mitigate their regulatory risks, keep pace with industry best practices, and satisfy inquiries from prospective investors increasingly need support to evolve and maintain their anti-money laundering (AML) programs.

Compliance teams globally are tasked with meeting requirements under various Know Your Customer (KYC) and Customer Identification Program (CIP) regulations, or they can face significant fines. In 2019 alone, there were over $8B AML compliance fines globally, and penalties have continued to trend upward since 2015.

How We Help

ACA’s AML KYC/CIP offering is designed to assist your firm in developing and implementing effective AML practices that meet industry best practices and comply with applicable laws and regulations in the U.S., Europe, and Cayman Islands. Our solution combines ACA’s ComplianceAlpha^® regulatory technology with ACA’s managed services to help your firm meet its data screening, ongoing monitoring, remediation, and reporting needs.

AML screen on laptop

The solution is available in three tiers to meet your firm's unique needs. To learn more, download our product sheet.

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What Our Solution Includes

Automated, Ongoing Monitoring

ComplianceAlpha's technology powered by ComplyAdvantage

The solution includes functionality in ComplianceAlpha powered by ComplyAdvantage’s industry-leading artificial intelligence (AI)-driven financial crime risk data and detection technology. Through ComplianceAlpha, our clients can benefit from automated, ongoing monitoring of over 90 sanctions and watchlists, politically exposed persons (PEPs), and more than 300 adverse media sources, as well as advanced name matching algorithms for both individuals and entities.

Tailored Managed Services

Increase operational efficiencies and cost savings

The solution includes optional full-service support from ACA’s team of experienced technologists and compliance professionals, which includes Certified Anti-Money Laundering Specialists (CAMS). We specialize in assisting our clients in developing and implementing effective AML practices that meet industry best practices and comply with applicable laws and regulations.

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Regulations We Support

Our solution applies industry practices in accordance with Section 326 of the USA PATRIOT Act’s Customer Identification Program (CIP) requirements and the European Union’s 5th Money Laundering Directive (MLD5), as well as the mandates of the Office of Foreign Asset Control (OFAC), Financial Crimes and Enforcement Network (FinCEN), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and Bank Secrecy Act (BSA). Additionally, our CIP reviews are in accordance with Cayman Islands Monetary Authority (CIMA) Anti-Money Laundering Regulations.