Watchlist Management
AML Screening for Banks
AML Screening for Banks
AML Screening for Banks
Banks operate within one of the most tightly regulated environments in the world. Every day, financial institutions process millions of customer interactions, cross-border transfers, card payments, deposits, and withdrawals. These activities expose banks to money laundering, sanctions breaches, fraud, and terrorist financing risks. AML screening enables banks to identify high-risk customers, transactions, and counterparties before financial crime exposure escalates. Facctum’s modern AML screening solutions help banks strengthen oversight with real-time detection, transparent decisioning, and scalable governance.
Why Banks Need AML Screening
Why Banks Need AML Screening
Why Banks Need AML Screening
Banks face growing scrutiny from supervisors such as the Financial Conduct Authority and European Banking Authority as they adapt to rapid digital transformation in payments, onboarding, and correspondent operations. Facctum explores how poor screening design can cause customer drop-off in its article Preventing funnel loss in AML screening, which highlights the importance of balancing robust controls with a smooth customer journey. Authoritative guidance from organisations such as the Financial Action Task Force, accessible via Financial Action Task Force methodology, emphasises that effective AML screening requires risk-based controls, automation, and strong auditability. Modern banking ecosystems span mobile apps, partner platforms, card networks, and cross-border rails, making global list management and customer vetting essential.
Banks face growing scrutiny from supervisors such as the Financial Conduct Authority and European Banking Authority as they adapt to rapid digital transformation in payments, onboarding, and correspondent operations. Facctum explores how poor screening design can cause customer drop-off in its article Preventing funnel loss in AML screening, which highlights the importance of balancing robust controls with a smooth customer journey. Authoritative guidance from organisations such as the Financial Action Task Force, accessible via Financial Action Task Force methodology, emphasises that effective AML screening requires risk-based controls, automation, and strong auditability. Modern banking ecosystems span mobile apps, partner platforms, card networks, and cross-border rails, making global list management and customer vetting essential.
Banks face growing scrutiny from supervisors such as the Financial Conduct Authority and European Banking Authority as they adapt to rapid digital transformation in payments, onboarding, and correspondent operations. Facctum explores how poor screening design can cause customer drop-off in its article Preventing funnel loss in AML screening, which highlights the importance of balancing robust controls with a smooth customer journey. Authoritative guidance from organisations such as the Financial Action Task Force, accessible via Financial Action Task Force methodology, emphasises that effective AML screening requires risk-based controls, automation, and strong auditability. Modern banking ecosystems span mobile apps, partner platforms, card networks, and cross-border rails, making global list management and customer vetting essential.
Operational Challenges for Bank Compliance Teams
Operational Challenges for Bank Compliance Teams
Operational Challenges for Bank Compliance Teams
Banks must balance regulatory expectations, high-volume transactions, and the need for frictionless customer experience.
Banks must balance regulatory expectations, high-volume transactions, and the need for frictionless customer experience.
Banks must balance regulatory expectations, high-volume transactions, and the need for frictionless customer experience.
Banks must balance regulatory expectations, high-volume transactions, and the need for frictionless customer experience.
Customer Growth, High Velocity, and Digital Onboarding
Digital banking and fintech integrations drive rapid customer growth. Real-time onboarding requires accurate, low-latency AML screening.
Customer Growth, High Velocity, and Digital Onboarding
Digital banking and fintech integrations drive rapid customer growth. Real-time onboarding requires accurate, low-latency AML screening.
Customer Growth, High Velocity, and Digital Onboarding
Digital banking and fintech integrations drive rapid customer growth. Real-time onboarding requires accurate, low-latency AML screening.
Customer Growth, High Velocity, and Digital Onboarding
Digital banking and fintech integrations drive rapid customer growth. Real-time onboarding requires accurate, low-latency AML screening.
Cross-Border Payments and Correspondent Banking
Banks supporting foreign transfers, intermediaries, and correspondent partners must apply consistent correspondent banking and AML screening controls across multiple jurisdictions.
Cross-Border Payments and Correspondent Banking
Banks supporting foreign transfers, intermediaries, and correspondent partners must apply consistent correspondent banking and AML screening controls across multiple jurisdictions.
Cross-Border Payments and Correspondent Banking
Banks supporting foreign transfers, intermediaries, and correspondent partners must apply consistent correspondent banking and AML screening controls across multiple jurisdictions.
Cross-Border Payments and Correspondent Banking
Banks supporting foreign transfers, intermediaries, and correspondent partners must apply consistent correspondent banking and AML screening controls across multiple jurisdictions.
Third-Party Fintech and Banking-as-a-Service Partners
Banking-as-a-service models introduce indirect exposure. Banks must evaluate fintech partners, programme managers, and sponsored entities.
Third-Party Fintech and Banking-as-a-Service Partners
Banking-as-a-service models introduce indirect exposure. Banks must evaluate fintech partners, programme managers, and sponsored entities.
Third-Party Fintech and Banking-as-a-Service Partners
Banking-as-a-service models introduce indirect exposure. Banks must evaluate fintech partners, programme managers, and sponsored entities.
Third-Party Fintech and Banking-as-a-Service Partners
Banking-as-a-service models introduce indirect exposure. Banks must evaluate fintech partners, programme managers, and sponsored entities.
Noise, False Positives, and Explainability
Noise, False Positives, and Explainability
Noise, False Positives, and Explainability
Noise, False Positives, and Explainability
Static or over-sensitive matching rules increase alert volumes. Banks need fully explainable outcomes, tuning controls, and context-aware detection.
Static or over-sensitive matching rules increase alert volumes. Banks need fully explainable outcomes, tuning controls, and context-aware detection.
Static or over-sensitive matching rules increase alert volumes. Banks need fully explainable outcomes, tuning controls, and context-aware detection.
How Facctum Supports AML Screening for Banks
How Facctum Supports AML Screening for Banks
How Facctum Supports AML Screening for Banks
Facctum connects AML controls across onboarding, payments, and investigations through cloud-ready, audit-friendly architecture.
Facctum connects AML controls across onboarding, payments, and investigations through cloud-ready, audit-friendly architecture.
Facctum connects AML controls across onboarding, payments, and investigations through cloud-ready, audit-friendly architecture.
Watchlist Management
Watchlist Management
Watchlist Management
Banks can maintain accurate sanctions, PEP, and regulatory lists with automated ingestion and version control using the FacctList, Watchlist Management solution.
Banks can maintain accurate sanctions, PEP, and regulatory lists with automated ingestion and version control using the FacctList, Watchlist Management solution.
Banks can maintain accurate sanctions, PEP, and regulatory lists with automated ingestion and version control using the FacctList, Watchlist Management solution.
Screening
Screening
Screening
Banks apply screening at both the customer level and the payment or transaction level. FacctView, Customer screening verifies individuals and entities during onboarding and periodic reviews, while payment and transaction screening evaluates transfers, card activity, and partner flows in real time. Facctum supports both through the FacctView solution for customer due diligence and the FacctShield solution for fast, accurate payment/transaction screening.
Banks apply screening at both the customer level and the payment or transaction level. FacctView, Customer screening verifies individuals and entities during onboarding and periodic reviews, while payment and transaction screening evaluates transfers, card activity, and partner flows in real time. Facctum supports both through the FacctView solution for customer due diligence and the FacctShield solution for fast, accurate payment/transaction screening.
Banks apply screening at both the customer level and the payment or transaction level. FacctView, Customer screening verifies individuals and entities during onboarding and periodic reviews, while payment and transaction screening evaluates transfers, card activity, and partner flows in real time. Facctum supports both through the FacctView solution for customer due diligence and the FacctShield solution for fast, accurate payment/transaction screening.
Transaction Monitoring
Transaction Monitoring
Transaction Monitoring
Identify suspicious behaviour across accounts, channels, and payment flows with behavioural analytics and configurable scenarios powered by the FacctGuard, Transaction Monitoring solution.
Identify suspicious behaviour across accounts, channels, and payment flows with behavioural analytics and configurable scenarios powered by the FacctGuard, Transaction Monitoring solution.
Identify suspicious behaviour across accounts, channels, and payment flows with behavioural analytics and configurable scenarios powered by the FacctGuard, Transaction Monitoring solution.
Alert Adjudication
Alert Adjudication
Alert Adjudication
Investigators can standardise outcomes, apply reasoning codes, and manage audit trails through the Alert Adjudication solution.
Investigators can standardise outcomes, apply reasoning codes, and manage audit trails through the Alert Adjudication solution.
Investigators can standardise outcomes, apply reasoning codes, and manage audit trails through the Alert Adjudication solution.
Why Banks Choose Facctum for AML Screening?
Why Banks Choose Facctum for AML Screening?
Why Banks Choose Facctum for AML Screening?
Banks need solutions that combine speed, accuracy, and transparency.
Banks need solutions that combine speed, accuracy, and transparency.
Banks need solutions that combine speed, accuracy, and transparency.
Banks need solutions that combine speed, accuracy, and transparency.
Accuracy and Consistency
Advanced fuzzy matching and validation reduce false positives while surfacing genuine risk.
Accuracy and Consistency
Advanced fuzzy matching and validation reduce false positives while surfacing genuine risk.
Accuracy and Consistency
Advanced fuzzy matching and validation reduce false positives while surfacing genuine risk.
Accuracy and Consistency
Advanced fuzzy matching and validation reduce false positives while surfacing genuine risk.
Scalable and Cloud-Native
Scalable and Cloud-Native
Facctum’s architecture supports large-scale, regulated environments, handling high-volume onboarding and transaction throughput.
Scalable and Cloud-Native
Facctum’s architecture supports large-scale, regulated environments, handling high-volume onboarding and transaction throughput.
Scalable and Cloud-Native
Facctum’s architecture supports large-scale, regulated environments, handling high-volume onboarding and transaction throughput.
Scalable and Cloud-Native
Facctum’s architecture supports large-scale, regulated environments, handling high-volume onboarding and transaction throughput.
Regulatory Confidence
Guidance from supervisory bodies such as the Bank of England, accessible via Bank of England prudential regulation, emphasises strong governance and auditability, areas where Facctum provides full traceability.
Regulatory Confidence
Guidance from supervisory bodies such as the Bank of England, accessible via Bank of England prudential regulation, emphasises strong governance and auditability, areas where Facctum provides full traceability.
Regulatory Confidence
Guidance from supervisory bodies such as the Bank of England, accessible via Bank of England prudential regulation, emphasises strong governance and auditability, areas where Facctum provides full traceability.
Regulatory Confidence
Guidance from supervisory bodies such as the Bank of England, accessible via Bank of England prudential regulation, emphasises strong governance and auditability, areas where Facctum provides full traceability.
Integrated Compliance Ecosystem
Integrated Compliance Ecosystem
Facctum unifies onboarding, list management, monitoring, and case management into a single cohesive workflow.
Integrated Compliance Ecosystem
Facctum unifies onboarding, list management, monitoring, and case management into a single cohesive workflow.
Integrated Compliance Ecosystem
Facctum unifies onboarding, list management, monitoring, and case management into a single cohesive workflow.
Integrated Compliance Ecosystem
Facctum unifies onboarding, list management, monitoring, and case management into a single cohesive workflow.
Use Cases Tailored to Banks
Use Cases Tailored to Banks
Use Cases Tailored to Banks
Banks apply AML screening across multiple touchpoints, from onboarding to ongoing account activity and correspondent relationships. The following scenarios highlight common ways banks operationalise these controls.
Banks apply AML screening across multiple touchpoints, from onboarding to ongoing account activity and correspondent relationships. The following scenarios highlight common ways banks operationalise these controls.
Banks apply AML screening across multiple touchpoints, from onboarding to ongoing account activity and correspondent relationships. The following scenarios highlight common ways banks operationalise these controls.
Customer Onboarding and KYC
Customer Onboarding and KYC
Customer Onboarding and KYC
Screen individuals and entities at account creation using risk-based AML controls.
Cross-Border Wire Transfers
Cross-Border Wire Transfers
Cross-Border Wire Transfers
Apply real-time screening to correspondent relationships and international payment flows.
Corporate and SME Banking
Corporate and SME Banking
Corporate and SME Banking
Evaluate complex ownership structures and beneficial ownership using contextual matching.
Partner and Fintech Oversight
Partner and Fintech Oversight
Partner and Fintech Oversight
Support banking-as-a-service models with consistent screening and governance for all partners.
Core Capabilities for AML Screening at Scale
Core Capabilities for AML Screening at Scale
Core Capabilities for AML Screening at Scale
Banks need AML controls that are fast enough for digital channels, but robust enough to satisfy supervisory expectations. These core capabilities help institutions demonstrate that screening is effective, explainable, and consistently governed.
Banks need AML controls that are fast enough for digital channels, but robust enough to satisfy supervisory expectations. These core capabilities help institutions demonstrate that screening is effective, explainable, and consistently governed.
Banks need AML controls that are fast enough for digital channels, but robust enough to satisfy supervisory expectations. These core capabilities help institutions demonstrate that screening is effective, explainable, and consistently governed.
Advanced Matching and Context
Advanced Matching and Context
Advanced Matching and Context
Multilingual handling, transliteration, and configurable thresholds strengthen match accuracy.
Policy Governance and Versioning
Policy Governance and Versioning
Policy Governance and Versioning
Banks maintain full visibility of historical list changes, screening rules, and policy updates for audits and supervisory reviews.
Banks maintain full visibility of historical list changes, screening rules, and policy updates for audits and supervisory reviews.
Banks maintain full visibility of historical list changes, screening rules, and policy updates for audits and supervisory reviews.
Unified Oversight
Unified Oversight
Unified Oversight
Dashboards provide real-time monitoring of screening performance, data quality, and alert volumes across business units.
Dashboards provide real-time monitoring of screening performance, data quality, and alert volumes across business units.
Dashboards provide real-time monitoring of screening performance, data quality, and alert volumes across business units.
API-First Integration
API-First Integration
API-First Integration
Banks can connect AML tools directly into payment hubs, onboarding systems, and core banking platforms.
Banks can connect AML tools directly into payment hubs, onboarding systems, and core banking platforms.
Banks can connect AML tools directly into payment hubs, onboarding systems, and core banking platforms.
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
How Do Banks Maintain Instantaneous Screening at High Volumes?
How Are Correspondent Banks and Cross-Border Partners Screened?
What External Expectations Shape AML Controls in Banks?
How Do Banks Reduce False Positives While Maintaining Coverage?
How Can Institutions Measure Their Resilience Readiness?
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Ready to Strengthen AML Compliance Across Your Banking Operations?
Facctum delivers next-generation AML screening designed for precision, scalability, and supervisory confidence. Strengthen your financial crime defences while preserving seamless customer experience.
Request a Demo
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
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© Facctum 2025
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© Facctum 2025
Solutions
© Facctum 2025
Solutions
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© Facctum 2025