Law firms, accountancy firms and financial corporations are required to conduct risk assessments, client due diligence (CDD) and ongoing monitoring on their clients. The precise processes for CDD and risk assessments are often complex and vary greatly, depending on industry and jurisdiction. Organisations using static forms to onboard clients can often struggle to implement systems which adequately incorporate all the interconnected requirements of these two vital AML components.
Omnitrack's AML solution enhances both the risk assessment and document collection aspects of client onboarding. Our template workflows adapt to the specific risks posed by each client, based on factors such as jurisdiction, type of entity and industry. This allows you to make informed choices about each client using the risk-based approach. Our comprehensive workflows incorporate industry-specific guidance such as LSAG for law firms. The flexibility of Omnitrack lets you choose the default workflow most appropriate to your business. The workflow can be customised to suit your own areas of practice and risk scoring system. Our team will guide you through every step of the process.
Enter all client details or extract relevant information via API.
Conditional logic ensures questions vary based on factors such as client entity, jurisdiction of incorporation and industry.
To assign a risk level to each client, users are alerted to any flags and are guided by industry-specific guidance.
Admins can approve or deny new clients, send requests for more information, and undertake periodic reviews.
We chose Omnitrack because of its simple and user-friendly interface. The statuses and reminders mean we can always see who is 'holding the ball' for each client, and if information is missing or needs updating.
Oldham, Li & Nie
From impeccable and immaculately prompt and helpful customer service to precisely working to understand my business and our training requirements with sincerity and diligence, VinciWorks has sought to make everything I wanted to happen - happen.
Group Compliance & Data Protection Officer
VistaJet (Group) Limited
Omnitrack significantly improves not only our compliance in general, but also the efficiency of our process.
European Counsel, Risk & Compliance
Davis Polk & Wardell
Our hosting and security, implementation and support and APIs and integrations are unparalleled in the industry.