Ascan

What does the AML scanning service do:

1. Front line protection – allowing front line customer service officers to perform preliminary checking of a potential customer of the following AML statutory requirements.

a. Sanction lists
b. Wanted/Fugitive lists
c. SFC lists
d. PEP lists

2. Record keeping – keeping track of all enquiries and activities and to save all works performed. This is important especially any audit will be done many years later by law enforcement agencies. By that time, most participants may have left the company or can’t remember what really happened on that day or about that particular client. A detailed activities record is the proof of the extensive work done to fulfill that statutory AML requirements.

3. Control center – it allows compliance officer to examine all activities across the corporate levels and to see if works are properly done.

What is AML Scanning Software?

This is the first line of defence and an integral part of your Know-your-client (KYC) statutory duties.

AML scanning software is a must-have for businesses complying with anti-money laundering regulations. It automates repetitive tasks like monitoring transactions, flagging irregularities, and preparing compliance reports. These tools reduce the burden of manual work while ensuring your organization is ready for audits and regulatory reviews.

What makes us different from others

1. Real-Time Updated Database on Sanction Programs
It is important to employ the most up-to-date information on the various sanction, wanted/fugitive, financial sanction and PEP data. We update our database programs on daily (office day) basis.

2. Easy to Use
Ascan online is extremely easy to use for anyone with no prior experience in AML.

3. Batch Reporting using Excel
Using a pre-defined Excel worksheet, user can check all its existing clients for any irregularities in seconds.

4. Built-in Audit trail
CO and MLRO can easily check all activities performed by staff and to evaluate its efficiency.

5. Local Support
We are a local company with the focus on company law administration and compliance since 1991. With the introduction of AML Ordinance in Hong Kong, we have been the provider of AML compliance software for the last four years. We are well-known in the industry to have a quick response to users’ comment and suggestion, and we let our users know the progress through our P & L Newsletter.