Security News > 2020 > October > ACA Compliance Group enhances its AML solution to meet KYC and CIP regulations

ACA Compliance Group announced the launch of its enhanced anti-money laundering solution.

"Carlo Di Florio, Global Chief Services Officer, ACA Compliance Group, said:"With AML in the news and a continued priority for regulators and enforcement authorities around the globe, firms need to ensure their AML program is effective.

"These increased risks combining with the evolving challenges of the COVID-19 pandemic - a phenomenon ACA calls RiskMutation - mean risk and compliance leaders need enhanced capabilities. ACA's AML KYC/CIP solution provides firms with that enhanced capability while also improving the efficiency, resilience, and scale of their programs."

ACA's AML KYC/CIP solution is provided by ACA's team of experienced technologists and compliance professionals, which includes Certified Anti-Money Laundering Specialists.

"ComplyAdvantage has taken a fundamentally different approach to AML risk making us the financial industry's leading source of AI-driven financial crime risk data and detection technology. We are pleased to partner with ACA Compliance Group and look forward to our AML risk data strengthening their new solution."

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