Passbase

BorderlessComprehensive
risk solutions

Passbase is built to provide you the required information to make the right decisions

Real time updates

Registers monitored 24/7 ensuring all updates are accessible to you as soon as they become available.

Localisation

Our tools are built to support local naming conventions across 14 languages for greater accuracy.

10,000+ data sources

International sanctions, financial crimes and wanted lists in over 10,000 registers, across 190+ countries.

SyndicatedCustomer Due Diligence

Screen new users quickly and accurately, all from one intuitive dashboard

AML Compliance Sanction Lists

Meet the administrative challenge of international customer due diligence intutively in one product. With Passbase you can get access to multiple sources including:

Global Watchlists

United Nations Security Council directives available on the Passbase platform. You’ll also get access to OFAC: DFAT: HM Treasury: OSFI: Fincen: FCA more.

Law enforcement

National police agencies & multi-national law enforcement including : Europol, Interpol & FBI, syndicated on the Passbasse platform.

Regulatory bodies

Comply with the requirements of government bodies such as financial and securities commissions.

SANCTION LISTS
  • European Union Flag

    EU consilidated
    List of Sanctions

    10 March 2017 - Present
  • US Flag

    OFAC SDN List

    6 Jan 2012 - Present
  • British Flag

    HM Treasury Con. List

    29 March 2012 - Present
  • Swiss Flag

    Swiss SECO List

    17 Feb 2016 - Present
  • 500+ additional lists
  • United Nations Flag

    Cons. UN Security Council Sanction List

    6 Jan 2012 - Present

AML Compliance Politically Exposed Persons (PEPs)

Identify politically exposed persons including members of parliament, public company directors & their relations up to 18 months after they’ve held office.

Intuitive workflow

Seamlessly integrate the findings with your internal systems to review potential matches and strengthen your identity verification program using:

  • Structured profiles
  • Syndicated database
  • Real time updates
  • RCAs enriched insight

John Smith

  • Date of Birth
  • Countries
  • Relatives

AML Compliance Adverse Media

Adverse media syndicated on the Passbase platform in real time to identify and monitor potential risks prior to sanctions and regulatory enforcement actions.

Credible News Sources

Information is only as good as its source in the age of false news. News sources are vetted for accuracy and veracity prior to inclusion in the anti money laundering compliance report.

Enriched live profiles

We compile all adverse media you need into comprehensive and structured profiles to help your team succeed.

  • Ongoing checks
  • Structured categorization
  • Entity based alerts
  • Trustworthy sources

John Smith Arrested

20 Days Ago

Former fund manager John Smith arrested in relation to a $2bn fraud allegedly orchestrated by his firm that has been running for multiple years prior to [...]

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Fast integrationGet started with AML
compliance in under 3 minutes

Supporting teams to implement identity verification and achieve AML compliance as easily as possible

                                                                                 {
                                                              
authentication:{
,
watchlist: { clean: false, pep_class: 3, sources: { adverse_media: [ { title: "John Smith Arrested", tag: "adverse-media-fraud", url: "http://magazine.com", } ], pep: [ ], fitness_probity: [ ], warnings: [ ], sanctions: [ ] } }
}
See docs

Simple but comprehensive results via API

Passbase was built to help developers implement identity verification as easily as possible. In addition, we offer integrations for web (Javascript), iOS (Swift) and Android (Java & Kotlin).

Read our documentation
Webhooks help you to receive real time updates & changes

DashboardPassbase makes AML
compliance easy

Address Anti-Money Laundering and enhance your
identity verification efforts from one place

PRODUCT

Passbase will feel like second nature to your team and help them identity risky profiles with certainty and ease

Clean & comprehensive overview

All the necessary AML compliance checks are accessible through the dashboard for each verification.

Ongoing updates

We monitor registers 24/7 and regularly update the findings to make sure that your business stays safe.

Automation for faster workflows

Automate acceptance and rejection thresholds to decide whether a user can be onboarded.

Passbase Dashboard

Frequently Asked Questions

What is AML compliance?

Anti-money laundering (AML) compliance refers to the practices (a risk based approach to customer due diligence) applied by a business to satisfy regulatory requirements put in place and enforced by national governments to mitigate the use of money to finance terrorism, as well as prevent money made from criminal activity entering the economy.

Sanction

A sanction refers to the seizure, freezing of assets or inability to participate in economic development imposed on a specific person, a business entity or an entire country by the United Nations Security Council. Specific nation states may impose economic sanctions against other states to gain advantage - these are outide the U.N’s purview.

  • Global watchlists
  • Regulatory bodies
  • Law Enforcement agencies

PEP

While doing business with a Politically Exposed Person isn’t risky in of itself, understanding the level of exposure and influence a PEP has on altering or influencing a financial transaction (including susceptibility to bribery) allows your business to make informed decsisons about the integrity with which a transaction is being initiated without exposing your business to corruption.

  • Structured profiles
  • Syndicated database
  • Real time updates
  • RCAs enriched insight

Adverse Media

Adverse Media relates to information published in credible news publications whether as part of traditional (newspapers), or new (blogs, newsletters...etc.) media on politically exposed persons, human trafficking & war crime trials by the International Criminal Court, as well as daily news on financial crimes and criminal behavior.

  • Credible news sources
  • Enriched live profiles

What regulations are covered by the Passbase AML compliance program?

The Passbase AML compliance program covers regulatons in over 190 countries. These include: the 5th anti-money laundering directive (5th AMLD) in the European Union and the Patriot Act of 2001 in the United States. Sanctions enacted by the United Nations Security Council are only valid when entered into law as required of all G-20 countries. Official, published registers of these enactments by country & the U.N Security Council’s consilidated list are represented.

How does Passbase meet the Customer Due Diligence requirement of a risk based approach to compliance?

The Financial Action Task Force (FATF) - an international policy-making body composed of 37 member states sets anti-money laundering standards and counter-terrorist financing measures worldwide. They define a risk based approach as applying reasonable measures to know your customer (KYC) as well as ensuring the other party isn’t subject to sanctions as part of conducting due diligence on potential customers and partners.

KYC

To help you know your customer, our platform provides biometric authentication of individuals & their associated ID documents including driver’s license & passports. We’re constantly expanding our database and now already support over 6000 government issued documents from all over the world.

Passbase now supports over 6000 government issued documents from all over the world

AML

Our AML compliance program covers regulatons in over 190 countries. These include: the 5th Anti-Money Laundering Directive (5th AMLD) in the European Union, the Patriot Act of 2001 in the United States and across supervisory authorities such as the SEC, World Bank, Interpol,U.N and OFAC’s published registers.

AML Compliance program

Why do companies apply Customer Due Diligence?

In the age of the digital economy all businesses engaged in financial transactions need to meet the regulatory requirements set out by their national governments (e.g. 5th AMLD & Pariot Act), as well as international authorities, such as the United Nations.

Industries

Companies engaged in financial transactions, those operating in the financial services sector and others that are required to have a a strict compliance regime are expected to have a process that identifies who the customer is. This ensures that the transactions carried out on behalf of potentially dangerous persons is dealt with accrodingly.

Image displaying different financial services sector.Companies in these sectors should have a strong complaince system

Benefits

Heavy fines have been applied to financial institutions who did not take measures to reasonably prevent criminal behavior before it happens. CDD provides peace of mind that you can reasonably expect to be doing business with someone trustworthy, or provide context for determining and mitigating risks where they arise without losing capital, assets or compromising the integrity of your business.

  • Fraud reduction
  • Increase platform trust
  • Compliance with regulations
  • Avoidance of heavy fines
  • Increased platform security

Are you ready to get started?

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