State of compliance trends report: download here
Discover the latest insights and predictions to help your business effectively plan for the future while successfully addressing current compliance priorities and challenges.
AML solutions for insurers, brokers and agents to combat the rising, global risk of financial crime and money laundering in the sector.
Automate KYC and KYB for faster, more effective onboarding to achieve AML compliance for your insurance firm using the very latest technology.
Streamline your compliance processes into one single platform with easy integration with your existing systems.
Interrogate extensive global data across different jurisdictions including scanning them in global sanctions lists, PEP lists, and adverse media.
Reduce manual effort in your due diligence processes for customer and vendor onboarding, monitor adverse media and mitigate adverse risk.
Global insurers are increasingly exposed to fraud or financial crime with bad actors continually looking for new opportunities to commit insurance fraud, money laundering or other financial crimes as regulation tightens.
Using a cloud-based system allows insurers to deliver compliance quickly while combatting fraud. With a faster route to onboarding, customers will become advocates, and your firm can reduce its risk of exposure to reputational damage.
Remotely onboard your customers and counterparties, build cases for all your compliance checks and store data for a secure audit trail to ensure insurance AML regulations are met for every client.
Identify and verify ultimate beneficial ownership (UBOs) faster with access to shareholder information and entity profiles for the most complex corporate structures.
Capture the information that matters and simplify ongoing monitoring. Automatic alerts for changes of company structures, beneficial ownership, directorships, PEPs, sanctions and adverse media to ensure ongoing compliance to meet AML regulation.
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"...there has been a positive change towards client onboarding. We have seen a significant improvement from a cost and time perspective. "
Deputy Money Laundering Officer
Knight Frank
500k+ worldwide users
173 active countries
99.99% uptime
WorkStation platform was designed with compliance professionals in mind. We pride ourselves on always putting our users first and ensuring that our software works for insurance compliance teams regardless of the size, volume or complexity of checks required.
As a single platform it delivers all your KYC, KYB and ongoing monitoring in an intuitive end-to-end solution. WorkStation verifies, screens, manages the results, monitors, and provides a record of all transactions for audit purposes.
Facilitate the complexity of compliance and reduce risk when onboarding new clients by verifying their identity and screening against sanctions lists.
Manage each individual and company with our simple case management solution, view results and set alerts where action is required to ensure due diligence.
Simplify ID&V with an easy-to-use case system which allows you to organise, update, and store information securely, and in line with GDPR and data protection regulations.
Keep track of your clients’ risk status using our RAG system and be alerted to any relevant changes, ensuring you meet ongoing insurance AML compliance.
Automated alerts notify companies and individuals of risk profile changes, so you can keep tabs on political exposure, sanctions or adverse media mentions.
Improve efficiency with a risk-based approach to remediation and data collection processes minimising the administrative burden placed on your team.
Book your free demo of our comprehensive AML compliance solution for insurance firms today.
State of compliance trends report: download here
Discover the latest insights and predictions to help your business effectively plan for the future while successfully addressing current compliance priorities and challenges.