Whitepapers
5 Ways AML-as-a-Service Manages Fraud Detection and Safeguards Your Institution’s Reputation
05/26/2023 by Fritz Lehman Craig Willis
Whether your business is focused on gaming, insurance, or finance, AML remains an ongoing sore point. Incidents of criminal activity and stiff fines from regulators are common, and if you’re a small- to midsize operation, your challenges only multiply. Unlike multinational corporations, you lack the resources to build and maintain a best-in-breed AML solution.
Fortunately, you don’t have to struggle with fraud prevention or substandard software that just doesn’t suit your needs. An AML-as-a-Service solution gives you the flexibility and security your business needs without the major investment. And better still, you gain the peace of mind that your AML program is current and compliant with the regulatory demands of your jurisdiction.
In this white paper, you’ll learn:
- Why midsize institutions continue to struggle to maintain an up-to-date AML solution.
- What AML-as-a-Service means and how it saves time and money.
- The 5 pillars of a full-service AML-as-a-Service program.
- How to secure an AML compliance program that suits your specific needs.
- The benefits of ongoing support in the fight against financial crimes.
