Reduce AML risk without slowing onboarding

AML screening software helps you automatically screen customers (and related parties like UBOs, directors, and signatories) against sanctions lists, PEP lists, and adverse media sources, then creates alerts, workflows, and evidence so your team can make and document decisions consistently. This supports a risk-based AML/CFT program and targeted financial sanctions controls.

Muinmos covers the following and more: 

• Sanctions: UN, EU, UK, US (OFAC) and other national lists as relevant to where you operate and who you onboard.

• PEPs: domestic and foreign PEPs, Tier 1, Tier 2, Tier 3, plus close associates/family where applicable.

• Adverse media: negative-news signals across multiple languages and credible sources, tuned to your risk appetite.

Both. A common expectation is screen at onboarding and then run ongoing monitoring so you’re alerted if a customer becomes sanctioned, is newly identified as a PEP, or appears in adverse media. Targeted financial sanctions are especially time-sensitive (“without delay”), so monitoring and list-update frequency matter.

Good screening balances sensitivity with precision using:

• configurable fuzzy matching and thresholds

• name transliteration/aliases and date-of-birth checks

• “human-in-the-loop” case review for edge cases. This helps avoid alert fatigue while maintaining effective controls.

The screening agent will first filter out all matches which are unlikely to be a true match, according to a configured threshold. The decisioning is done using ML and on the basis of set policies the user sets. After this initial filtering, the user will be presented with the remaining relevant alerts. The agent provides the user with a confidence match score to assist with the filtering, as long as access to all the data available regarding the hit (links to original sources, summary etc.). 

A clear audit trail of the decisions is kept. 

Sanctions screening is about identifying prohibited or restricted parties and acting quickly to avoid dealing with blocked persons/entities.

PEP screening flags political exposure and corruption risk; it usually triggers enhanced due diligence (EDD) and stronger ongoing monitoring rather than an automatic “no.”

Adverse media screening searches news and other reputable sources for negative signals regarding regulatory actions relating to predicate offences (such as fraud, corruption, money laundering, terrorism financing, and other offences listed in 6AMLD, FATF and similar frameworks) and other similar risks. The data is then analyzed using human-supervised AI tools, irrelevant matches are filtered using ML, and the relevant results are presented to the users alongside confidence scores and a full audit trail. 

Most teams want screening embedded directly into their onboarding journeys, workflow, and ongoing KYC (pKYC). The Muinmos client onboarding and lifecycle management platform allows exactly that - one solution that covers all these. The platform is also flexible enough to be integrated, via one API, into any existing system, CRM or workflow. 

To align with common compliance-program expectations around governance, controls, testing, and record keeping, you typically need immutable evidence of:

• when screening was run and against which datasets

• match details and investigation steps

• decision, approver, timestamps, and rationale

• ongoing monitoring alerts and outcome 

The platform is fully GDPR compliant. Data is stored in the EU (other locations, such as Switzerland or the UAE, are also available), and SCCs and other applicable GDPR controls are applied. You are the Data Controller, and have full control of the data collection, use and deletion.