AML Compliance

AML Compliance

AML Compliance

Anti-Money Laundering (AML) compliance is being widely enforced by the FIC in South Africa, and compliance is now no longer the domain of the large banks. All accountable institutions are now required to demonstrate they have the relevant AML/KYC controls in place, but this need not be an overly costly and complex task.

Whether the need is around modernizing an anti-money laundering program, achieving more reliable sanctions screening, improving payments monitoring, highlighting settlement exposure, or automating suspicious activity reporting to meet regulatory requirements, Magix leverages Bottomline’s Compliance solution that offers a modular approach to reducing the cost of compliance and increasing productivity.