SmartScan – AML/CFT Screening Solution for Financial Institution
Safeguard your business with SmartScan — a powerful customer screening solution designed for banks, remittance companies, brokers, gold traders, and financial institutions. Ensure AML and CFT compliance using trusted global and local data sources like CIB Nepal, WorldCheck, OFAC, UN, HMT and EU sanctions.
What is SmartScan? - Nepal's AML and CFT Screening Solution
SmartScan is a comprehensive AML (Anti-Money Laundering) and CFT (Countering the Financing of Terrorism) screening solution designed to help banks, financial institutions, brokers, remittance companies, and other regulated entities efficiently manage regulatory compliance. By leveraging trusted global and local data sources, SmartScan provides real-time and batch screening of natural persons, institutions, ports, vessels, and other entities to detect high-risk individuals and prevent financial crimes.
The platform features a powerful API for seamless integration with your existing core banking, ERP, or remittance systems. It also automatically fetches and updates data from multiple sources in real time, ensuring your screening process remains accurate and compliant.
Additionally, SmartScan offers the flexibility to add additional data sources as per your organization's evolving compliance needs, making it a scalable and future-proof solution.
Key Features of SmartScan AML Compliance Software
Real-Time and Batch ScreeningPerform instant checks on new clients and periodic screenings on existing customers.
- Extensive Watchlist Coverage
Screen against multiple international and national sanction lists and watchlists.
- Multi-Role Access
Role-based access for compliance officers, supervisors, and management.
- PEP and Sanctions Screening
Check against local and international PEP and sanction databases.
- Natural Person Screening
Perform AML/CFT checks by screening individuals against national and international watchlists in real-time or batch mode.
- Institution Screening
Detect high-risk companies or organizations through advanced entity matching.
- NID Verification
Instantly verify National Identity details to ensure customer authenticity and reduce fraud.
API Integration ReadySeamless integration with CBS, remittance systems, or your internal compliance platform.
User-Friendly InterfaceIntuitive dashboards designed to streamline the compliance officer's workflow.
Secure and ScalableBuilt to handle the needs of institutions of all sizes with robust security standards.
Automated Data FetchingSmartScan pulls information automatically from defined local and global sources.
Port ScreeningIdentify and flag transactions linked to high-risk or sanctioned ports globally.
Vessel ScreeningScreen vessels involved in trade to prevent connections with embargoed or blacklisted ships.
Mobile Number VerificationValidate customer mobile numbers to strengthen KYC and contact reliability.
Trusted Data Collection Sources for Effective AML Screening
SmartScan aggregates and analyzes data from a variety of reputable national and international sources to provide reliable and up-to-date screening results, including:
- CIB Nepal (Credit Information Bureau): National credit information for thorough local customer verification.
- World-Check: Global database identifying politically exposed persons (PEPs), sanctioned entities, and high-risk individuals.
- PEP (Politically Exposed Persons) List: Identifies individuals with prominent public functions to ensure enhanced due diligence.
- OFAC Sanction List: U.S. Treasury's Office of Foreign Assets Control Specially Designated Nationals list for global compliance.
- UN Sanction List: Authoritative sanctions from the United Nations Security Council.
- EU Sanction List: Comprehensive sanctions issued by the European Union.
- HMT Sanction List: United Kingdom's Her Majesty's Treasury sanctions data for compliance with UK regulations.
- Internal Sanction List: Customized, organization-specific watchlists to capture internal risk data.
In addition, SmartScan offers the flexibility to incorporate custom data sources, enabling organizations to tailor screening processes to their unique compliance landscapes.
Our Clients Speak
We've worked with hundreds of wonderful clients who have seen real results from our work. Here's what some of them have to say about their experience working with us.
Working with code wave tech adds great strength to our business. Their depth of knowledge and technical capabilities are broad and of the highest standard.
Dipendra Poudel
CEO at Kamakhya IT Solutions
We have experienced smooth operation of Name Screening while onboarding our valued customers with “SMART SCAN”, developed and delivered by Code Wave Tech Pvt. Ltd. System is user-friendly, functional and capable of fulfilling the requirements of AML Screening. We are satisfied with the service and support provided by the Company.
Niluja Shrestha
Head of Compliance at Nepal Bank Limited
We've been using the case management system developed by Code Wave Tech, and it's been really helpful for managing all the cases effectively. The level of technical proficiency and support offered by the company is truly remarkable.
Tika Ram Sharma
Advocate at ILRIC
Working with code wave tech adds great strength to our business. Their depth of knowledge and technical capabilities are broad and of the highest standard.
Dipendra Poudel
CEO at Kamakhya IT Solutions
We have experienced smooth operation of Name Screening while onboarding our valued customers with “SMART SCAN”, developed and delivered by Code Wave Tech Pvt. Ltd. System is user-friendly, functional and capable of fulfilling the requirements of AML Screening. We are satisfied with the service and support provided by the Company.
Niluja Shrestha
Head of Compliance at Nepal Bank Limited
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