What is Clear View KYC?
Clear View KYC provides a cloud-based backend service designed to help financial applications comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. The platform offers automated screening of individuals and entities against consolidated sanction watchlists, which are updated daily to maintain accuracy and compliance.
The service includes features such as fuzzy name matching to handle spelling variations, integration via SOAP/XML or REST/JSON APIs, and scalable infrastructure built on Azure cloud technology. It also provides country risk assessments based on FATF recommendations and ensures data security with 4096-bit SSL encryption and geo-redundant servers for high availability.
Features
- Sanction Watchlist Screening: Daily updated checks against OSFI, OFAC SDN, AUSTRAC, UN, EU, and other international lists
- PEP & HIO Lists: Screening against Politically Exposed Persons and Heads of International Organizations databases
- Fuzzy Search: Automatic name matching with tolerance for spelling variations and inexact matches
- Country Risk Assessment: Measurable risk ratings for electronic fund transfers based on origin and destination countries
- Simple Integration: API connectivity via SOAP/XML or REST/JSON with customization options
- Scalable Infrastructure: Built on Azure cloud with failover servers and geo-redundancy for high availability
- Security: 4096-bit SSL encryption for secure data transfer and storage
Use Cases
- Automating AML compliance checks for banking applications
- Screening customer names against sanction lists for money service businesses
- Conducting PEP checks for casino and gambling industry compliance
- Assessing country risks for international fund transfers
- Integrating regulatory screening into financial software systems
