Anti-Money Laundering (AML)

The Gratify KYB API offers comprehensive AML (Anti-Money Laundering) verification services to help businesses comply with regulatory requirements and mitigate risks associated with fraudulent activities. These services provide checks against global and country-specific databases to ensure that both individuals and businesses are not involved with illicit activities. Here's an overview of the AML verification components:

Person Verification

Verify whether an individual is listed in over 10,000 global watchlists, ensuring compliance and security by assessing risk factors associated with various profiles:

• OFAC, SDN, Interpol, FBI: Screen for individuals listed on prominent international and national watchlists such as the Office of Foreign Assets Control (OFAC), the Specially Designated Nationals List (SDN), Interpol’s red notices, and the FBI's lists.
• Politically Exposed Persons (PEP): Identify politically exposed persons who may pose a higher risk due to their public positions or international influence, helping manage associated risks.
• Criminal and Most Wanted Lists: Verify whether the individual is listed on global criminal and most wanted indices.
• Adverse Media: Analyze media sources for negative reporting on the individual to assess reputation risks and past involvements in activities that could jeopardize your operations.

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Country Specific Person Databases

Gratify provides the capability to perform verifications against country-specific databases, ensuring that checks are relevant and comprehensive according to local regulations and lists.

Business

Verify that business entities are not involved in illicit activities by screening them against multiple global watchlists:

• OFAC, SDN, Interpol, FBI: Cross-check businesses against lists maintained by the OFAC, SDN, Interpol, and FBI, ensuring no involvement with sanctioned entities.
• Criminal and Most Wanted Lists: Confirm that businesses are not flagged on any criminal or most wanted lists globally, reducing the risk of associating with criminal activities.
• Adverse Media: Conduct thorough media analyses to identify negative business mentions that might indicate reputational risks or potential involvement in fraud or unethical practices.

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Country Specific Business Databases

Gratify can incorporate checks against country-specific business databases as needed, providing tailored compliance solutions that respect local legislations and regulatory frameworks.