Equifax Helps Regulated Firms with Ensuring AML Compliance

Core Insights - Equifax is launching new AML Compliance Solutions aimed at easing the regulatory compliance burden for financial services firms and related industries by identifying potential money laundering activities [1] Company Overview - Equifax's AML solution utilizes artificial intelligence to provide near real-time screening and monitoring of individuals and entities against a wide array of global sanctions and high-risk business lists [1] - The solution is designed for various organizations, including banks, credit unions, online payment platforms, brokerages, life insurance providers, real estate law firms, and virtual asset service providers [1] Product Features - The AML Compliance offering includes access to over 150 sanctions and watchlists and 30,000 adverse news sources globally through a single platform [1] - The Intelligent Match Engine (IME) enhances match accuracy and reduces false positives, leading to time and cost savings [1] Compliance Support - Portfolio Monitoring: Continuous monitoring of customer portfolios with real-time alerts for due diligence [1] - Human Analyst Review: A global team conducts manual reviews of false positives based on customer-specific policies [1] - Portfolio Remediations: Equifax can perform look-backs and remediations reviewed by human analysts [1] - Case Management UI: A specialized user interface for AML compliance teams to efficiently manage alerts [1]