What is Money Laundering?

Money laundering refers to the process of making illegally obtained funds appear legitimate by disguising their true source. The main objective of money laundering is to integrate illicit funds into the legitimate financial system, making it difficult for authorities to trace and seize illegally obtained assets.

What is Anti-Money Laundering?

Anti-Money Laundering (AML) refers to a set of laws, regulations, and measures designed to prevent and detect the illegal conversion of illicitly obtained funds into legitimate assets. AML frameworks are implemented by governments, financial institutions, and businesses to combat money laundering, terrorist financing, and other financial crimes. These measures include thorough customer due diligence, enhanced transaction monitoring, reporting of suspicious activities, and the implementation of internal controls and risk assessment procedures. The goal of AML efforts is to safeguard the integrity of the global financial system, deter illicit financial activities, and ensure compliance with regulatory requirements.

How has Surepass helped companies in AML Compliance?

Bank Account Verification:

Our Bank Account Verification API helped companies to check the legitimacy of onboarding users just by using their bank account number and IFSC code. This eliminates the need for customers to switch between multiple applications or channels, providing a seamless and convenient experience.

KYC Compliance:

AML regulations require companies to conduct thorough due diligence on their customers. Surepass AML API, Bank account verification API & PAN Verification API assisted in meeting AML compliance by providing access to accurate and up-to-date information about the customer’s PAN Card & bank account. This includes verifying the account holder’s name, address, and other relevant details against official records, reducing the risk of fraudulent or suspicious activities.

Risk Assessment:

AML regulations require companies to adopt a risk-based approach, where higher-risk customers or transactions receive increased scrutiny. Our AML Verification, Bank account verification & PAN Verification APIs contribute to risk assessment by providing data on the customer’s banking history, account balances, and transaction patterns. Companies can analyze this information to assign risk scores and identify customers that require further due diligence or monitoring.

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Transaction Monitoring:

AML compliance necessitates ongoing monitoring of customer transactions for suspicious activities or patterns. Surepass AML API help in monitoring transactions by providing real-time updates on account balances, transaction amounts, and frequencies. This allows companies to identify any unusual or potentially illicit activities promptly, enabling them to take appropriate measures and report suspicious transactions to the relevant authorities.

Why Surepass?

Efficient Customer Onboarding:

Surepass offers a seamless and automated process for customer onboarding, enabling companies to verify the identity of their customers swiftly. By integrating our APIs, companies can perform real-time checks on customer-provided identification documents, such as Bank Account Verification or PAN Verification. The APIs utilize advanced algorithms and machine learning techniques to verify the authenticity of these documents, reducing the risk of identity theft and fraud. With faster and more accurate customer onboarding, companies can ensure compliance with AML regulations while delivering a smooth user experience.

Low Drop-off Rate:

Our AML APIs ensure smooth verification, user-friendly, and optimized flow, resulting in a high completion rate and low drop-off rate. This is advantageous for businesses as it ensures a larger percentage of users successfully complete the KYC process, leading to a higher conversion rate and improved customer onboarding. A low drop-off rate is an important metric that signifies the effectiveness and efficiency of the AML Compliance process.

Real-Time ID Verification:

Surepass AML Compliance APIs allow businesses to verify customer identities in real time. This significantly reduces manual efforts, eliminates the need for back-and-forth communication, and accelerates the onboarding process. Real-time verification ensures that businesses can swiftly proceed with account creation, enabling faster access to services for customers.

Compliance and Regulatory Adherence:

Adhering to AML regulations and compliance standards is a compulsion for businesses across various industries. Our AML Compliance APIs are designed to align with Central regulatory requirements, making it a reliable solution for organizations operating in different industries. By leveraging this solution, businesses can ensure compliance and mitigate the risk of non-compliance penalties and fraud.

Plug & Play:

Our APIs are straightforward and integration is effortless, We provide a simple and user-friendly interface.


Surepass Technologies is dedicated to staying up-to-date with the evolving AML/CFT/KYC guidelines, allowing us to develop innovative products that anticipate the ever-changing needs of our customers. Our proactive approach ensures that we are always one step ahead, creating solutions that align with the latest guidelines instead of waiting for customer requests. By harnessing the power of Surepass APIs, companies can confidently adhere to the complete spectrum of AML/CFT/KYC guidelines, knowing that they are fully compliant.

Automate your KYC Process & reduce Fraud!

We have helped 200+ companies in reducing their user onboarding TAT by 95%

Book a demo to learn more