NEW YORK, July 2 (Bernama-BUSINESS WIRE) — MCO (MyComplianceOffice), a leading provider of compliance technology, has enhanced its platform with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) capabilities. This addition expands the platform’s financial crime and third-party compliance functionality, providing firms with a powerful solution to meet regulatory obligations and proactively manage risk.
MCO’s AML and KYC capabilities enable financial institutions to transform and automate their customer due diligence process. From onboarding to periodic reviews to client maintenance and offboarding, MCO’s platform systematically manages the collection of KYC information and in-depth screening of clients and related parties continuously throughout the lifecycle of the relationship. By leveraging cutting edge technology to disregard false positive noise and escalate only the most relevant potential matches for Sanctions, PEPs, and Negative News, MCO allows Compliance teams to streamline investigations and focus on high value work. The system provides a traceable, quantified view of risk and a customizable and automated compliance framework that improves data integrity and reduces the operational burden of managing disparate systems.
