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Top AML-KYC Tools Explained: Purpose, Features & How to Use Them (2025 Guide)
Last Updated on July 22, 2025, 2k Views
Top AML/KYC Tools, Purpose & How to Use
1. World-Check (Refinitiv)
Purpose:
Sanctions screening, PEP (Politically Exposed Person) identification, adverse media monitoring.How to Use:
Analysts enter customer name or company name.
Tool scans global watchlists, sanctions lists (OFAC, UN, EU), and media sources.
Generates a match report with risk scoring.
Action: You review the matches and escalate or clear as “false positives.”
2. Fircosoft (by Bottomline Technologies)
Purpose:
Name screening, transaction filtering for sanctions, embargoes, and financial crime compliance.How to Use:
Integrated into bank transaction systems.
Flags transactions or client names against international blacklists.
Compliance officers review flagged alerts, perform investigations, and close cases accordingly.
3. Actimize (by NICE Systems)
Purpose:
End-to-end AML Transaction Monitoring System (TMS), fraud prevention, market surveillance.How to Use:
Monitors transactions in real-time for suspicious patterns (structuring, layering, high-value transfers).
Analysts receive alerts based on set rules or AI models, investigate transactions, and file STR/SAR if required.
4. SAS AML
Purpose:
AML risk detection using advanced analytics and behavior detection models.How to Use:
Combines transaction data with customer profiles.
Uses machine learning to detect unusual behavior.
Provides dashboards for compliance teams to investigate anomalies quickly.
5. Dow Jones Risk & Compliance
Purpose:
Screening tool for sanctions, adverse media, and PEPs.How to Use:
Used during KYC onboarding.
Quickly checks a prospect’s name against regulatory datasets and media mentions.
Reports help in risk rating the customer.
6. Thomson Reuters CLEAR
Purpose:
In-depth background checks and identity verification during customer onboarding.How to Use:
Analysts verify customer-provided documents.
Cross-check identities using government databases, public records, and other risk data.
7. LexisNexis Bridger Insight
Purpose:
KYC screening, risk scoring, and compliance reporting.How to Use:
Offers automated batch screening and continuous monitoring.
Generates audit-friendly reports for regulatory inspections.
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8. Quantexa (Entity Resolution & Network Analytics)
Purpose:
Detect hidden relationships between customers, linked entities, and accounts.How to Use:
Analysts visualize networks of connections.
Helps identify money laundering rings or beneficial owners not disclosed during onboarding.
9. Norkom (by BAE Systems)
Purpose:
End-to-end financial crime risk management, used for monitoring and case management.How to Use:
Banks use Norkom to monitor all types of financial crimes (fraud, AML, sanctions).
Generates alerts; analysts review, investigate, and document findings.
Quick Reference Summary
| Tool | Purpose | Use Case |
|---|---|---|
|
World-Check |
Sanction/PEP Screening |
Onboarding, Periodic KYC |
|
Fircosoft |
Transaction Filtering |
Sanctions Screening, Payment Screening |
|
Actimize |
Transaction Monitoring |
AML alerting and SAR filing |
|
SAS AML |
Behavioral Monitoring |
Detecting suspicious financial behavior |
|
Dow Jones Risk |
Screening & Media Checks |
Ongoing Monitoring |
|
Thomson Reuters CLEAR |
Enhanced Due Diligence (EDD) |
Document Verification |
|
LexisNexis |
Batch KYC Screening |
Bulk customer screenings |
|
Quantexa |
Relationship/Network Analysis |
Hidden connections, Beneficial Ownership |
|
Norkom |
Fraud & AML Case Management |
Holistic Financial Crime Compliance |
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