How to use AML API automatic monitoring

Make SEON your single point of reference for your anti-money laundering efforts with AML API. Fully automate checks against PEP, RCA, Sanctions, Crime Lists, and Watch Lists to ensure you only do business with honest customers. Tackle fraud and 6AMLD compliance with a single tool.

Anti-money laundering regulations, such as 6AMLD in the EU, require regulated companies to maintain continuous compliance. This entails automated transaction monitoring, detailed know-your-customer, and financial crime or sanction checks.

Rely on SEON to automate your transaction monitoring and your AML process. SEON’s AML API takes your customers’ names and checks them against over 120 PEP, RCA, Sanctions, Crime Lists, and Watch Lists. When running an entity search, we check over 60 Sanctions and Watch Lists. 

When you enable automatic monitoring for a person's or entity's name, we’ll run automated monthly checks for any changes to connected data. Helping you do your part to fight financial crime and keep your company safe.

Follow the steps below to enable automatic monitoring.

1. Open the SEON Admin Panel.

2. If you’ve already checked the name in question at least once, head to the AML page.

3. If you’d like to run a new search, head over to the Manual Lookup page and skip to Step 8.

4. Find the name you’d like to monitor from the list. Use the search bar and quick filters to find names quickly.

5. Click on a name to open up the detailed report of your search.

6. Confirm this is the customer you’d like to monitor.

7. Click on the toggle in the Monitoring column on the right side of the screen.

Tip: If you don’t need to double-check the customer’s identity, you can switch the toggle on the AML Screening list view as well.

8. On the Manual Lookup page, open the AML tab.

9. Enter the details of your search and enter a unique User ID for your customer. If you want to connect this lookup to an existing customer, copy their UserID from a transaction and paste it here. You can also enter a custom UserID (e.g., aml-manual-1)

Tip: Automatic monitoring will only be available after you’ve created a User ID.

10. Click the Turn on monitoring toggle.

11. Click Run AML lookup to complete your check.

Did you know: AML lookups run from the Manual Lookup page will only appear in the AML page if you turn monitoring on when running the manual check. You can also enable automatic monitoring in your API call if you don't use SEON's Admin Panel. Entity monitoring is only available over your AML API integration.

By default, all source types are enabled and updated on every database change. However, you can also decide for yourself which of the four main source types (PEP, Sanctions, Watch and Crime lists) you want the AML API to check and how frequently you want the lists to be updated. From the Admin panel, go to the Settings page and adjust the source and monitoring settings from the AML monitoring tab.

Tip: Head over to the AML source and monitoring settings page for our step-by-step guide.