AML software has become an essential component of any bank's compliance efforts. AML software must reconcile all transactions, monitor for suspicious activity and assist in the detection of terrorist financing activities. There are many AML software available to financial institutions and it can be difficult to identify which AML software will best meet your needs. In this blog post, we will provide a list of the top 10 AML software that you should consider as well as share some helpful features that you should look for when selecting AML software for your institution.

AML Software Controls Suspicious Transactions

Some AML software systems offer a real-time view of transactions and alerts which is important in preventing possible money laundering activities. Furthermore, some AML software will also provide you with the ability to monitor cash deposits at various ATMs across your institution's coverage area. It’s worth noting that these features may come with an additional cost. There are AML softwares that will permit you to track the identities of your customers and perform cross checks with other databases for potential matches. This can be an invaluable tool in preventing terrorist financing activities as it requires no additional effort on behalf of the institution's staff or management.

Key Features to Look for When Selecting AML Software for Your Institution

  • Real-Time Transaction Monitoring
  • Ability to Monitor Cash Deposits at ATMs Across Coverage Area
  • Tracking Customer Identities and Cross Checks with Other Databases.

The Top AML Software Solutions

1.  Refinitiv World-Check Risk Intelligence

The World-Check Risk Intelligence database delivers accurate and reliable information to help you make informed decisions that will prevent your business from being used in any illegal activity. Read Refinitiv World-Check Risk Intelligence Reviews

2.  Trulioo

Trulioo helps organizations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB). Read Trulioo Reviews

3.  Lightico

Lightico makes it easy for banks and their customers to comply with KYC requirements by digitizing the identification process.

4. Sanction Scanner

Sanction Scanner is a company that provides cost-efficient anti-money laundering solutions for all sizes of businesses. Read Sanction Scanner Reviews

5. DueDil

DueDil is a company that helps businesses comply with KYB regulations. Their API helps businesses onboard new customers and keep compliant. Read DueDil Reviews


PassFort is a company that helps companies manage risk, trust, and compliance standards.

7. Encompass

Encompass is the creator of KYC automation for major financial and professional service firms globally. Read Encompass Reviews

8. Dow Jones Risk & Compliance

Dow Jones Risk & Compliance is a company that provides third-party risk solutions for companies across the globe. Read Dow Jones Risk & Compliance Reviews

9. Oracle Financial Crime and Compliance Management

Oracle Financial Crime and Compliance Management help you protect the integrity of your financial institution by providing anti-money laundering and compliance solutions. Read Oracle Financial Crime and Compliance Management Reviews

10. Unit21

Unit21 provides a suite of applications that enable companies to manage their risk and compliance. The AML software market is experiencing rapid growth with new AML software being released each year. It’s important for financial institutions to take the time to select AML software that are appropriate and will best meet their needs. By identifying which features you need, it will be much easier to find the right AML solution.

Read This Next

reviews"Great tool to expedite customer service"

The most helpful thing about Lightico is the fast turnaround time, The upside is that you are giving your customer an easy way to respond quickly and efficiently. Lightico has cut work and waiting time as you can send customer forms via text and get them back quickly, very convenient for both parties.

"Great Service and Product"

I love the fact that I can send or request documents from a customer and it is easy to get the documents back in a secured site via text message. Our company switched from Docusign to Lightico, as Lightico is easier and more convenient than Docusign, as the customer can choose between receiving a text message or an email.