Are you an AML Compliance Officer? We’ve worked with people just like you for over a decade and understand the pressures you are under. Not enough time in the day, volume of work, juggling demand and trying your best to keep the business safe from money launderers, terrorists and organised criminals. Fundamental to the role is access to the best information, getting it quickly and making decisions which are auditable.
That is where IRIS and EDDIE come in because we have fused risk assessments with the best search tools. Interested? Read on to find out more.
Compliance & Security assured
Understand the risks
Businesses that are regulated for the purposes of Anti-Money Laundering legislation are required by law to conduct risk assessments to ensure they fully understand who they are doing business, or transacting, with. This is an essential element of compliance and is performed to prevent financial crime and protect legitimate businesses from harm.
Record decisions, regular monitoring
Regulatory bodies will seek records of those risk assessments and the decisions that arise from them. They should also be able to demonstrate periodic reviews and a proactivity in their responses to changing circumstances.
Credible information sources
The adoption and use of credible information sources is an integral element to making an assessment of the risks associated with the potential for money laundering. The huge arrays of data at our fingertips on the Internet can make this process cumbersome and confusing.
This is where IRIS (Intelect Risk Insights System) integrated with EDDIE (Enhanced Due Diligence Engine) comes into its own. Our state-of-the-art technology brings you real-time risk assessments, automating tedious tasks and reducing the chances of human error. Say goodbye to manual work and hello to peace of mind as IRIS effortlessly keeps you compliant with the latest regulations.
With just a few clicks, you can now validate passports, check Sanctions/PEPs, and perform a variety of pre-configured Open Source searches for adverse information/media, all from one platform. Whether you’re searching for individuals or companies, we’ve designed the navigation to be seamless for you.
Curious to see IRIS and EDDIE in action? Check out our video below for a sneak peek and get ready to experience a whole new level of AML compliance and security with IRIS and EDDIE by your side.
What’s available in IRIS?
There are a wide range of risk assessments available in the system, they include,
- AML Customer
- AML Business
- AML Technology
- AML Introducer
- Data Protection
- Employee
- Fraud
Once your assessment is complete you download a document with the questions and answers recorded, relevant suggestions and the option to record your own comments, or decisions in the action taken box.
How much does it cost?
You will find our prices affordable and particularly appealing if you are a smaller company, as there are no lengthy contracts and you can even utilise a Pay as You Go feature for Customer Risk Assessments (with EDDIE) for £25 plus VAT.
EDDIE is available as a stand-alone product, starting from £50 per month plus VAT.
Compliance Pro (IRIS and EDDIE combined) and is intended to provided greater coverage for those companies and businesses that seek greater (international) coverage and an annual subscription costs £1500 plus VAT.
You can also see how IRIS works by opening a free account on the system and sampling our complimentary AML and Cyber Security Health checks.
Please feel free to contact us directly if you have any questions or would like a personalised demo. We welcome enquiries about bespoke or white labelled systems.
