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1. Front line protection – allowing front line customer service officers to perform preliminary checking of a potential customer of the following AML statutory requirements.
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a. Sanction lists
b. Wanted/Fugitive lists
c. SFC lists
d. PEP lists
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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.
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3. Control center – it allows compliance officer to examine all activities across the corporate levels and to see if works are properly done.
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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.
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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.
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2. Easy to Use
Ascan online is extremely easy to use for anyone with no prior experience in AML.
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3. Batch Reporting using Excel
Using a pre-defined Excel worksheet, user can check all its existing clients for any irregularities in seconds.
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4. Built-in Audit trail
CO and MLRO can easily check all activities performed by staff and to evaluate its efficiency.
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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.
Banks and brokers use this tool to screen new clients during onboarding.
By flagging individuals listed on watchlists, financial institutions can protect their reputations and avoid fines tied to money laundering cases.
For CPAs, lawyers and other real estate agents handling high-value transactions, the stakes are high.
Seller can use Ascan online to perform preliminary check against the customer's background and whether the person is a PEP or under sanctioned.
Vendors handling high-valued precious metals, jelwery, watches, and virtual currency dealers can use this tool to protect themselves by ensuring that individuals don’t appear on watchlists. That can prevent them from entering agreements with high-risk tenants or buyer or seller of properties.
United Nations
US Department of State AECA
Federal Bureau of Investigation
Bureau of Industry and Security
U.S. Department of Commerce
US Department of the Treasury
US Department of the Treasury
US International Trade Commission
Department of
Foreign Affairs and Trade –
Australian Government
African Development Bank
Asian Development Bank
Fps Foreign Affairs
Government of Canada
People’s Republic of China
European Union
Europol
European Bank for Reconstruction and Development
The Ministry of Economics, Finance and Industrial and Digital Sovereignty
Securities and Futures Commission of Hong Kong
Hong Kong Police Force
HK Independent Commission Against Corruption
International Criminal Court
Interpol
Inter-American
Development Bank
National Bureau for
Counter Terror Financing of Israel
Ministry of Finance, Japan
Government of the Netherlands
New Zealand Ministry of Foreign Affairs and Trade
National Counter Terrorism Committee
Switzerland Government
Apparatus of the NSDC of Ukraine
UK HM Treasury
Ineligible Firms and Individuals