AML KYC/CIP Solution

Does your AML program meet industry best practices and comply with applicable laws and regulations?

Compliance teams are tasked with meeting requirements under various Know Your Customer (KYC) and Customer Identification Program (CIP) regulations, or they can face significant fines. In 2019 alone, there were over $8B AML compliance fines globally, and penalties have continued to trend upward since 2015.

Our AML KYC/CIP solution can help your firm keep pace with industry best practices and satisfy inquiries from prospective investors.

About our AML KYC/CIP Solution

Integrated technology, consulting, and managed services

Our AML KYC/CIP offering is designed to assist your firm in developing and implementing effective AML practices that meet industry best practices and comply with applicable laws and regulations. Our solution combines our ComplianceAlpha® regulatory technology powered by ComplyAdvantage with our managed services to help your firm meet its data screening, ongoing monitoring, remediation, and reporting needs.

Full-service, single-vendor offering

Our solution is a full-service, single-vendor offering that is provided and supported by our team of experienced technologists and compliance professionals, which includes Certified Anti-Money Laundering Specialist (CAMS) consultants.

AML KYC/CIP regulatory support

Our solution applies industry practices in accordance with Section 326 of the USA PATRIOT Act’s Customer Identification Program (CIP) requirements and the European Union’s 5th Money Laundering Directive (MLD5), as well as the mandates of the Office of Foreign Asset Control (OFAC), Financial Crimes and Enforcement Network (FinCEN), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and Bank Secrecy Act (BSA). Additionally, our CIP reviews are in accordance with Cayman Islands Monetary Authority (CIMA) Anti-Money Laundering Regulations.

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About our AML KYC/CIP technology

ComplianceAlpha’s award-winning AML KYC/CIP functionality is powered by ComplyAdvantage’s industry-leading artificial intelligence (AI)-driven financial crime risk data and detection technology. Through ComplianceAlpha, firms can benefit from automated, ongoing monitoring of over 90 sanctions and watchlists, politically exposed persons (PEPs), and more than 300 adverse media sources, as well as advanced name matching algorithms for both individuals and entities.

Regulatory technology news and insights

FCA Warn of 'Tough, Assertive Approach’ to Brexit TPR Landing Slot Authorisations

The FCA recently warned of "a tough, assertive approach" to financial services firms wishing to continue to operate in the UK post the Brexit Temporary Permissions Regime. Learn more about why this leaves firms at risk of being prevented from initiating further regulated activity in the UK.

Chairman Gensler Signals an Increase in Scrutiny & Regulation of Private Markets Fund Industry

U.S. SEC Chariman, Gary Gensler, recently signaled increased scrutiny of private markets fund managers. He honed in on the significant increase in the private equity and venture capital fund industry over the last 5 years.

Michael Borts joins ACA Group as the new Chief Technology Officer

Michael Borts has joined the firm as Chief Technology Officer (CTO) to lead ACA’s technology development, vision, and strategy. In his role, he will oversee all product development for ACA’s award-winning ComplianceAlpha® regulatory technology platform and technology enablement at the firm.

Upcoming events

Common Practices for GIPS® Compliance

ACA has gathered all the common best practices of performance teams complying to the GIPS standards and will discuss the most common question we receive from clients, "What do other firms do?"


Compliance Officer: The Roles and Responsibilities - 21 October 2021

The role of the Compliance Officer is a mandatory position in all firms in the Financial Services Industry. They play a major role in assisting Senior Management to ensure that appropriate and effective systems and controls are in place to achieve and maintain compliance with the applicable Rules. While the nature of the Compliance Function is likely to differ from one firm to another, this course provides an easy to follow breakdown of what the Regulator expects of a Compliance Officer and explains, in practical terms how the regulatory expectations and those of Senior Management can be achieved.

Online Training