Seamless solution to AML compliance

Monitor politically exposed persons (PEPs), and track risky behavior with adverse media and watchlist checks. Stay Anti Money Laundering (AML) compliant with KYC and a comprehensive customer due diligence program.

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  • 10,000+ 
data sources

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

  • Real time monitoring and updates

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

  • Global scale, local focus

    Our tools are built to support local naming conventions across 15 languages for greater accuracy.

Syndicated customer due diligence

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

  • 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
  • EU consolidated
    List of Sanctions
    10 March 2017 – Present
  • OFAC SDN List 6 Jan 2012 – Present
  • HM Treasury Con. List 29 March 2012 – Present
  • Swiss SECO List 17 Feb 2016 – Present
  • 500+ additional lists
  • Cons. UN Security Council Sanction List 6 Jan 2012 – Present

John Smith

  • PEP Class 1
  • PEP Class 2
  • PEP Class 3
  • PEP Class 4
  • Date of Birth
  • Countries
  • Relatives

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
  • RCAs enriched insight

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.

MEDIA WARNING

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 [...]

MEDIA WARNING

"Passbase has significantly reduced the time and cost of our manual review process as we grow our user base, and it’s invaluable to us to have a partner that so strongly believes in individual privacy and data security"

Matthew Hamilton, COO and Co-founder

FinTech

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
  • 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.

    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.

  • 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.

    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
  • What regulations are covered by the Passbase AML compliance program?

    The Passbase AML compliance program covers regulations 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 consolidated list are represented.

  • Which countries do you cover?

    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 & Patriot Act), as well as international authorities, such as the United Nations.

    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 accordingly.

Have a complex use case?

Passbase © 2021

KI VERBAND

Passbase is an identity verification solution that makes facial recognition, liveness detection, ID verification and KYC and AML compliance accessible through a suite of flexible developer tools. A zero-knowledge architecture ensures that companies using Passbase can securely verify users from over 190 countries without having to store their data. Built for developers, it can be integrated with just a few lines of code on iOS, Android, and Web.