Anti Money Laundering

Anti Money Laundering

“Effective anti-money laundering and combating the financing of terrorism regimes are essential to protect the integrity of markets and of the global financial framework as they help mitigate the factors that facilitate financial abuse.”

              Min Zhu, Deputy Managing Director of the IMF

Flex IMS has an inbuilt AML module that always ensures that any entity created within the system is screened against Specially Designated Nationals And Blocked Persons List (SDN). They system will always block any further engagement with questionable entities from the screening until further approval is done by the relevant approvers within the system.

Flex AML also always screens transactions monitoring the patterns and reports through email on any suspicious transactions that occur. This ensures that fraud is prevented within the organization especially on the public facing platforms.

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