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What is CAD IT Anti-Money Laundering?

Anti-Money Laundering (AML) protocols are implemented via a software system that complies with the anti-money laundering laws set forth in Italy by law no. 197 on July 5, 1991, which has undergone several revisions and expansions through different decrees and regulations, leading to the most recent Banca d'Italia Provision issued on April 3, 2013, as highlighted in ordinary supplement no. 35 of Official Gazette no. 105 published on April 7, 2013; this framework also aligns with the principles outlined in Directive 2015/849/CE, known as the Fourth European Anti-Money Laundering Directive. This regulation is particularly significant for a variety of entities, especially banks and financial intermediaries, which are required to establish a Single Electronic Archive to keep records of ongoing client relationships and transactions, including those that reach or exceed a certain threshold, as well as smaller transactions that accumulate to the registration limit within a specified period. Compliance with these mandates is crucial for preserving the integrity and transparency of the financial sector, as it ensures that all potential suspicious activities are effectively monitored and reported to the relevant authorities. Ultimately, robust AML measures contribute to the overall stability and trustworthiness of the financial system, fostering a safer economic environment for all stakeholders involved.

What is Avid AML?

We are convinced that advanced technology has the potential to alleviate the challenges associated with Anti-Money Laundering. Avid AML empowers businesses to concentrate on critical tasks without the burden of stress and rising compliance expenses. Streamlined Approach Avid AML removes unnecessary complexity, allowing you to handle your Anti-Money Laundering requirements effortlessly. Our philosophy is that compliance with AML regulations should be simple and cost-effective, enabling businesses to safeguard themselves against the threats posed by money launderers while maintaining focus on their core operations. Ultimately, our goal is to make AML processes not just manageable, but also more efficient for all firms.

Media

Media

Integrations Supported

Integrations Supported

Salesforce

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$1800.00 per annum
Get started package is all inclusive for small to medium enterprises. This comes with access to capped identification, PEPs & profiling calls.

Packages are available for small to medium enterprises.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Standard Support

Training Options

Not specified

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

CAD IT

Company Location

Italy

Company Website

www.caditgroup.it/

Company Facts

Organization Name

Avid AML

Company Website

www.avidaml.com

Categories and Features

AML

Not specified

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
Transaction Monitoring
Watch List

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