CRM for AML/BSA Compliance

CRM for corporate service providers, directorships and trusts that need an easy-to-use KYC tool to comply with BSA/anti-money laundering regulations.

CRM for AML/BSA Compliance

CRM for corporate service providers, directorships and trusts that need an easy-to-use KYC tool to comply with BSA/anti-money laundering regulations.

So Easy and Intuitive to Use

Use a KYC compliance software solution that allows you to tailor your account opening procedures to meet your KYC and compliance obligations while still implementing a layered approach to customer onboarding to ensure customer satisfaction.

Compliance-driven onboarding procedures

Ensure all required information and checks are done as required by your organization’s policies.

AML
screening

Screen individuals and entities against World-Check sanctions and watchlists.

Ultimate beneficial ownership

Document and visualize corporate structure maps to comply with beneficial ownership rules.

Document
management

Securely collect, track, and store all client statutory documents required for compliance.

Risk Based Approach Compliance​

With PRIV.DRM CRM, customer information is delivered in such a way that you can have a holistic view of risks associated with contacts, clients, entities and relationships and it is easier to take a risk-based approach to your decisions.

Risk summary cards

Quickly visualize and understand how relationships, related entities, and contacts are contributing to a contact’s or entity’s overall risk rating.

Custom risk descriptors with weighted conditions

Configure your own customer risk rating model by adding your own risk factors and associated weighting that reflects your organization’s risks and risk tolerance.

Customizable risk rating system

Set your own risk thresholds for when to initiate reviews during onboarding or setup reminders for periodic reviews of risk ratings.

Custom risk reviews checklists

Create your own risk rating scales for when to review relationships, contacts and entities to meet your specific regulatory demands and your risk tolerance.

Country risk rating

Use the Basel index or overwrite with your risk rating of countries (such as OECD country risk rating) so you can easily add geographic risk into your customer risk rating for AML and BSA programs.

Effective screening against lists of your choice

Our partnership with World-Check means you don’t need another third-party screening company to check against various lists. Along with our technology, our solution ensures that you get consistent guidance on how to manage matches and actions when the risk level of a contact or entity changes.

Sanctions and watch lists

Screen against lists such as the U.S.’ Specially Designated Nationals and Blocked Persons (SDN) list, and consolidated lists used by the United Kingdom, the European Union, and the United Nations.

PEP list search

Screen individuals to check whether they are a Politically Exposed Persons (PEPs) or a relative and close associate (RCA) of a known PEP.

SIPs, SIEs and adverse media

Check whether your clients are a special interest person (SIP) or a special interest entity (SIE), such as a person who has been under investigation or convicted of serious financial or organized crime

Risk Based Approach Compliance

  • World-Check screening and monitoring workflow
  • Compliance summary cards
  • Compliance scoring
  • Compliance policy documentation
  • Mapping of corporate structures

So Easy and Intuitive to Use

Customer information at your fingertips:

View all the information a contact or entity in one location.

Quickly identify compliance gaps

Our colour-coding allows for easy identification of what needs to be addressed next.

Make share capital management easier

Document share class for entities and ownership allocation to contacts and sub-entities.

Map beneficial ownership data

We help you map ownership structure of a company and make it easier to identify connections between entities, and contacts.

About Privork

We are focused on supporting the success of trusts, intermediaries, and fiduciary providers. We offer a unique customer relationship management (CRM) tool that is sophisticated, easy-to-use and simplifies compliance, risk and client relationship management. We also offer consultancy services in areas such as privacy and cyber security, to help you get your business started and optimize operations. Book a meeting with us to discuss your unique needs.