MemberCheck

MemberCheck, developed by Member Check Pty Ltd, is an Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance solution. According to the vendor, it aims to assist businesses of all sizes in complying with global AML/CTF legislation and reducing the risk of involvement in money laundering or terrorism financing. MemberCheck is designed to cater to various professions and industries, including financial services, superannuation, crypto exchanges, gaming and gambling, digital banking, accounting, law firms, insurance, and real estate agencies.

Key Features

Intelligent Filters & Fuzzy Matching: According to the vendor, MemberCheck enhances screening by intelligently filtering profiles and detecting risks based on parameters. It uses advanced algorithms to uncover potential links to illegal activities.

Due Diligence: MemberCheck performs thorough due diligence checks on clients and transactions, including screening for Politically Exposed Persons (PEP), sanctions, adverse media, and ID verification. The vendor claims that this feature ensures regulatory compliance.

Ongoing Monitoring: MemberCheck conducts ongoing monitoring of client activities to enable real-time detection of changes to customer status. The vendor states that this feature works alongside initial due diligence checks for comprehensive compliance.

Whitelisting: According to the vendor, MemberCheck conducts thorough due diligence checks and ensures regulatory compliance. It streamlines screening and focuses resources on genuine risks, allowing the whitelisting of trusted entities.

Jurisdiction Risk: MemberCheck offers insights into jurisdiction-based risks, helping businesses understand potential dangers in specific regions related to money laundering and terrorism financing, as claimed by the vendor.

Reporting Functionality: MemberCheck generates detailed reports on demand, aiding regulatory compliance and providing vital insights for risk management strategies, according to the vendor.

Multiple Users: MemberCheck supports multiple users at no extra cost, facilitating collaborative compliance efforts and enabling seamless operation within the organization, as claimed by the vendor.

Multiple Organizations: MemberCheck caters to multiple organizations, making it ideal for corporations with subsidiaries or compliance management for multiple clients, according to the vendor.

Multi-lingual Platform: MemberCheck supports multiple languages, ensuring accessibility and ease of use for teams in different regions, and eliminating language barriers in compliance efforts, as claimed by the vendor.

Email Notifications: MemberCheck sends timely email notifications for potential risks or suspicious activities, ensuring prompt response and effective control over compliance processes, according to the vendor.