AML client onboarding solution

One central platform to complete client risk assessments, due diligence and ongoing monitoring

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Upgrade your client onboarding process

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.

VinciWorks’ AML client onboarding solution can be used to enhance both the risk assessment and document collection aspects of client onboarding. It also gives organisations peace of mind that all necessary information has been recorded and that they have a robust defence in the event of an alleged breach of AML obligations.

AML client onboarding solution — Why Omnitrack?

  • Unpack regulatory guidance — Prebuilt workflows ensure best practice for a range of regulated and non-regulated industries
  • Determine correct CDD — Requirements adapt dynamically according to each client
  • Save time — Automations and intuitive workflows help save staff and clients time
  • Risk-based approach — Baked into the workflow, determining risk levels across a range of factors
  • Ongoing monitoring — Automated reminder emails to review high, medium & low risk clients
  • All documents in one place — No more losing important supporting documents
  • Keep regulators happy — Our built-in audit trails and compliance timelines tell the full story

The four steps to client onboarding

Collect

Enter all client details or extract relevant information via API.

CDD

Conditional logic ensures questions vary based on factors such as client entity, jurisdiction of incorporation and industry.

Risk assessments

To assign a risk level to each client, users are alerted to any flags and are guided by industry-specific guidance.

Admin review

Admins can approve or deny new clients, send requests for more information, and undertake periodic reviews.




Contact us to learn more or book a demo