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Learn How GeoComply is Helping Lead the Way in AML Reform in Canada
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Bolster Your Compliance Program with Advanced Geolocation Intelligence

IP Addresses Miss the Mark on AML and Sanctions Compliance

 

To meet jurisdictional regulations, you have to identify your customers’ true location. If you’re relying on Internet Protocol (IP) addresses you risk:

  • Serving customers in sanctioned jurisdictions.
  • Applying the wrong country’s laws to a customer or transaction.
  • Missing risk signals that may indicate money laundering or fraud.

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AML & Sanctions Compliance You Can Bank On

On the other hand, advanced geolocation data (WiFi, GPS, Cellular tower triangulation), accurate to 5 meters, enables you to:
detect

Monitor for suspicious activity by analyzing historical geolocation transactions.

locate

Flag or block users from sanctioned or high-risk jurisdictions with accurate geofencing.

vision

Identify potential signs of money laundering based on suspicious location and device behavior.

user

Increase your onboarding rate and revenue by differentiating between innocent users and fraudsters.

About Us

Trusted by leading brands and regulators for the past 10 years, GeoComply delivers compliance and security solutions that detect location fraud, ensure jurisdictional sanctions/AML compliance, and help verify a customer’s digital identity. Our technology is supported by risk and fraud teams focused on identifying current and emerging location-based threats, enabling GeoComply to evolve with the compliance and fraud threat landscape. GeoComply was named Fast Company’s 10 most innovative enterprise companies in 2022. GeoComply’s geolocation solutions are installed on over 400 million devices worldwide and analyze 10+ billion transactions annually.

More resources

How Virtual Currency Companies Can Reduce Regulatory Risks

Interview: Law Enforcement Must Balance Privacy and Security to Prevent Cybercrime

TRMLabs X GeoComply – ACAMS Sanctions Compliance Article*

*Originally published on ACAMSToday.org, a publication of ACAMS © 2022 – www.acams.org. www.acamstoday.org.