Which compliance requirements does Dojah’s AML solution support?
It provides businesses with enterprise-grade tools like Role-Based Access Control and automated audit trails to simplify complex compliance obligations.
Dojah’s automated AML solution is designed to align with regulatory frameworks such as the CBN AML/CFT Framework and other applicable anti-money laundering standards. It supports key compliance requirements to help regulated entities meet their screening and monitoring obligations efficiently.
Our AML solution includes:
Real-Time Data Exchange: Enables instant screening of individuals and businesses, with integrated case management for prompt review and resolution.
Batch Processing: Supports both single and bulk screenings, allowing organizations to conduct periodic reviews or large-scale compliance checks efficiently.
Local & Global Watchlist Access: Screens against major sanctions and watchlists, including OFAC, UN, EFCC, and other relevant local and international databases.
PEP & Adverse Media Checks: Identifies Politically Exposed Persons (PEPs) and detects adverse media mentions across global and local sources.
AI-Powered Fuzzy Matching: Detects name variations, aliases, and close matches to improve screening accuracy while reducing false positives.
Comprehensive Audit Trails: Maintains detailed logs of all screening activities to support regulatory audits and internal accountability.
Role-Based Access Control (RBAC): Restricts access to sensitive compliance data to authorized personnel only.
This comprehensive framework enables financial institutions, fintechs, and other regulated entities to meet AML compliance requirements without the need to build and maintain complex in-house systems.