AML Know Your Customer Requirements

AML Risk Manager from Fiserv helps organizations comply with evolving and complex anti-money laundering (AML) regulations such as Know Your Customer (KYC) requirements.


AML Risk Manager helps ensure critical customer information is captured efficiently and accurately to meet KYC requirements such as customer due diligence and enhanced due diligence (CDD/EDD) during the complete customer life cycle. AML KYC enables organizations to identify unusual behavior that could indicate money laundering, tax evasion and fraud. Financial organizations without proper AML KYC functionality in place miss the full picture of each customer's behavior pattern and financial activity.

User-friendly tools help organizations create and maintain KYC due diligence questionnaires. The ability to create, complete, store and view KYC questionnaires directly in the solution eliminates the need to create and track paper forms.

This questionnaire functionality in AML Risk Manager, along with watch list filtering and customer risk rating, offers a holistic and integrated approach to knowing customers' behavior and risk. This functionality ensures required KYC data is collected for high-risk customers and customers in high-risk industries that require enhanced/specialized due diligence.

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AML KYC capabilities enable organizations to realize the following benefits: 

  • AML KYC policies are enforced from a central platform to ensure CDD/EDD information is collected and due diligence requirements are met uniformly. A full audit history is retained for all compliance and business reporting purposes
  • Due diligence questions are presented in an intuitive user interface to capture the right information at the right time and only when required
  • Disparate and inefficient methods of data capture across multiple systems can be replaced with a central platform for consolidated policy management and streamlined onboarding and KYC processes
  • Intuitive and interactive configuration tools empower business users to create and maintain questionnaire forms and associated business rules as business and regulatory requirements change or as new products and services are offered across the enterprise

Award-Winning Solution

Highly regarded by industry analysts, AML Risk Manager recently received 2018 IDC Leader Awards for Worldwide AML Solutions and Worldwide KYC Solutions and Celent awards for XCelent Service 2018, Transaction Monitoring and XCelent Service 2018, Watch List Filtering.

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