FAQ about your KYC / due diligence AML-CFT

KYC remediation involves updating, cleaning up and periodically reviewing the information you hold on your customers. You hold information on your customers in the form of documents such as identity papers, KBis or any other required document. This data needs to be regularly updated in line with the regulations in force in your industry and the level of money laundering risk assigned to your customer based on his or her information. AP Solutions IO screening tools fully automate this process, filtering information across millions of records (see list quality).

AML (Anti-Money Landering): The term anti-money laundering, or AML, refers to laws, regulations and procedures designed to combat financial crime. Although anti-money laundering laws cover a limited range of criminal transactions and behaviors, their implications are far-reaching, covering all types of business today, far beyond financial services alone.

Know Your Customer(KYC): Know Your Customer is the process of verifying the identity and integrity of customers. European regulations require this verification in order to prevent corruption, money laundering, tax fraud and the financing of terrorism (AML-CFT). Changes in the regulatory framework (EBA, Sapin 2, AML-CFT, etc.) require certain institutions to extend their Know Your Suppliers(KYS) program.

LAC : WrestlingAnti-Corruption, Fight against corruption. The Sapin 2 law requires companies with at least 500 employees to implement preventive anti-corruption measures, yet 70% of companies claim to have set up preventive measures, according to a survey by the French Anti-CorruptionAgency(AFA). The AFA survey is one of the objectives of the multi-year national anti-corruption plan of January 9, 2020. Companies subject to the Sapin 2 law must put in place a procedure to evaluate third parties - customers or suppliers, possibly JV partners or acquisition targets - to ensure that they present probity guarantees in line with the company's requirements. Our tools are here to help you!

AML-CFT : Lutte Contre le Bmoney laundering and Financing Terrorism. With the constant evolution of regulations, it has become a a major concern for companies which are subject to heavy fines for non-compliance, and may incur criminal liability for company directors.

• Before entering into a business relationship: obligation to identify the " Beneficial Owner"; even for an occasional customer, and to screen the lists of Global/Regional Sanctions, Assets Freeze, Politically Exposed Person, RCA Relatives and Close Associates, Unfavorable Media, identification of countries and currencies under embargo...
• Throughout the business relationship: the third-party repository must be constantly updated, and any change in information (such as an IBAN change, company closure or merger, PEP, RCA exposure, etc.) must lead to a new verification by the teams in charge, so daily screening is a must.
• At the end of the business relationship: once the Ultimate Beneficiary's account has been closed, all related documents and information must be archived for a period of 5 years.

With the Sapin 2 law, France is equipped with innovative tools to effectively detect, prevent and punish corruption and breaches of probity. The law aims to respond to the aspirations of the French people for transparency, ethics and justice in economic matters. "Ethics must be the compass of public and economic life", declared Michel Sapin, for whom "this text will contribute to making our country a modern democracy, based on solid values, and not a democracy of suspicion. It will help build an economy that serves everyone" and eliminate "unbridled finance at the service of corruption and speculation.

Know Your Customer (KYC) : Know Your Customer is the process of getting to know the customer by check identity and the integrity of its customers. European regulations require this verification in order to prevent corruption, money laundering, tax fraud and the financing of terrorism (AML-CFT). Changes in the regulatory framework (EBA, Sapin 2, AML-CFT, etc.) require certain institutions to extend their knowledge of their suppliers: Know Your Suppliers (KYS). KYC remediation KYC remediation involves updating, cleaning up and periodically reviewing the information you have on your customers. You hold your customers' information in documents such as IDs, KBis or any other required document. This data needs to be regularly updated in line with the regulations in force in your business sector, and the level of money laundering risk assigned to your customer based on his or her information. Screening tools AP Solutions IO fully automates this process, filtering information through millions of data points (see list quality). AML-CFT : Lutte Contre le Bmoney laundering and Financing Terrorism. With the constant evolution of regulations, it has become a a major concern for companies which are subject to heavy fines for non-compliance, and may incur criminal liability for company directors.

• Before entering into a business relationship: obligation to identify the " Beneficial Owner"; even for an occasional customer, and to screen the lists of Global/Regional Sanctions, Assets Freeze, Politically Exposed Person, RCA Relatives and Close Associates, Unfavorable Media, identification of countries and currencies under embargo...
• Throughout the business relationship: the third-party repository must be constantly updated, and any change in information (such as an IBAN change, company closure or merger, PEP, RCA exposure, etc.) must lead to a new verification by the teams in charge, so daily screening is a must.
• At the end of the business relationship: once the Ultimate Beneficiary's account has been closed, all related documents and information must be archived for a period of 5 years.

AML (Anti-Money Landering): The term anti-money laundering, or AML, refers to laws, regulations and procedures designed to combat financial crime. Although anti-money laundering laws cover a limited range of transactions and criminal behavior, their implications are far-reaching, and today cover all types of business, well beyond financial services alone. LAKE : Lutte Anti-Corruption, Fighting corruption. The Sapin 2 law requires companies with at least 500 employees to implement preventive anti-bribery measures, yet 70% of companies claim to have set up preventive systems, according to theAgence Française Anticorruption (AFA). The AFA survey is one of the objectives of the multi-year national anti-corruption plan of january 9, 2020. The company subject to the Sapin 2 law must set up a procedure for evaluating third parties - customers or suppliers, JV partners or acquisition targets - in order to ensure that they have the appropriate guarantees of probity to your company's requirements. Our tools are there to support you! Export Control : Manufacturers, exporters, financial institutions and insurance companies are covered by export control rulesl and their liability may, at the very least, be engaged on the basis of complicity and/or regulation. LCB/FT. L'export control, which involves verifying compliance with international sanctions and trade embargoes  is now at the heart of regulators' and companies' concerns: transaction filtering is an obligation AML-CFT aimed at verifying that the customer's transaction is not subject to international sanctions or trade embargo. Sapin II Act With the  Sapin 2 lawFrance is equipping itself with innovative tools for detecting effectively prevent and punish corruption and breaches of probity. The law aims to respond to French people's aspirations for transparency, ethics and justice in economic matters. "Ethics must be the compass of public and economic life", declared Michel Sapin, for whom "this text will contribute to making our country a modern democracy, based on solid values, and not a democracy of suspicion. It will help build an economy that serves everyone" and eliminate "unbridled finance at the service of corruption and speculation.

List quality Databases for filtering sensitive persons (physical or moral) vary in nature and quality. It is necessary to consider the sources from which the information originates, and to question the intrinsic value attached to each piece of information collected. AP solutions IO uses national and global watch and sanction lists from national, international and intergovernmental organizations, as well as from the most reputable private companies. These lists are constantly updated by thousands of analysts worldwide. Assets FreezeAsset Freeze Asset freeze is an economic and financial sanction in the fight against terrorism and money laundering. The freezing of assets is intended to restrict access to the financial resources of any person committing an offence against the law AML-CFT. In concrete terms, these measures will block any change in the volume, amount, location, ownership, possession, nature and destination, as well as the use of funds or economic resources. The consequences of the asset freeze are diverse:

• General or targeted import or export restrictions;
• Restrictions on access to financial markets, prohibitions on granting loans or credit, transferring funds or providing insurance or reinsurance services.

International Sanctions & Embargo Transaction screening is an obligation AML-CFT aimed at checking that the customer's transaction is not subject to international sanctions (counterparty under sanction) or trade embargoes (restriction of activity for certain countries). Navigating through regulations, lists and appendices relating to sanctions and embargoes and competent jurisdictions can be a real obstacle course! All the players in the economy have quickly realized the importance of the stakes involved in failing to comply with these principles. The fines, imposed by the regulatory authorities have indeed multiplied, culminating in the sad record set for a French establishment 8.9 billion to be paid to the US Treasury for embargo circumvention! The analysis must first determine whether the operation or transaction is likely to fall under the one or more economic sanctions regimes (national, EU, US and international sanctions). It must also present and evaluate other associated risks to the transaction, such as reputational risk or operational risks directly linked to financial flows or AML/CFT risk linked to the financing of international trade. Precise documentation of the entire analysiscontext, and the regulatory framework is essential. traced, dated and archived. Our solutions support you in managing, analyzing and tracking these risks. PEP Visit Persons Politically Exposed persons (PEP) are people who are considered, at international level, to be exposed to "higher risks" of money laundering or corruption. The persons concerned, who are in business or have been out of business for less than a year, are defined as follows (our detection criteria allow you to modify this delay)political, jurisdictional or administrative functions on behalf of France, a foreign state or an international organization. RCA Relatives and Close Associates. These are the close to PEP such as spouses, children and parents. Persons closely associated with PEP, in particular within the framework of a company or legal structure (trust) or maintaining a close business (commercial or economic) link. Beyond this regulatory definition, and depending on your risk appetite, we can go even further in the granularity and completeness of the information to be processed, thanks to the power of our third-party relationship filters. Adverse MEdia (AME) or Negative News The broad spectrum of money laundering offences has made it necessary, since the 6^ème European Union anti-money laundering directive (6AMDL effective end 2020)to adjust the filtering process on the negative press to ensure correct identification of the breaking news on its customers or third parties. Given the amount of work involved in this process, automating the filtration of unfavorable media is an indispensable tool for sorting and prioritizing new media information and assessing the extent to which it could modify a customer's risk profile or damage your company's reputation. Beneficiary Workforce Third parties are not limited to "apparent" or "facial" third parties. The notion of "beneficial owner" results from the transposition of the 3rd Directive AML-CFT and sets out the criteria of holding more than 25% of the capital or voting rights of a client company, and of exercising, by any other means, a power of control over the company within the meaning of the French Commercial Code. Accordingly, reporting organizations are required to identify and verify the identity of the beneficial owner of their customers in a business relationship. Documents collected for this purpose must be regularly updatedThe same applies to customers in a business relationship. The 4th Directive AML-CFT has clarified the notion of beneficial owner. In this respect, the introduction of the company register Beneficial Owners - maintained by the commercial courts - is an aid to organizations subject to the law, but does not exempt them from their obligations under the law. identification and identity verification requirements Beneficial Owners. Since the 5th Directive, it has been indicated that a proof of registration or an extract from the register containing information on Beneficial Owners must be collected by reporting organizations when entering into a relationship with a legal person or entity concerned by the obligation to register. ORIAS ORIAS registers intermediaries (legal entities or individuals in France) in insurance, banking and payment services (IOBSP), financial investment advisors (CIF), tied agents for investment services (ALPSI), participatory finance advisors (CIP) and intermediaries in participatory finance (IFP). By filtering these lists, our tools enable you to checking the validity of the Orias number, from accreditations and the control from expiration dates these same accreditations. INPI Financial analysis, decision support, statistics... The Institut National de la Propriété Industrielle (INPI) makes it possible to consult - in downloadable form - non-confidential information from the annual accounts of French commercial companies, compiled in the National Register of Commerce and Companies (RNCS).

Data INPI: what data is available?

visit company legal identity data from all the commercial court registries and centralized by INPI in the national register of commerce and companies (RNCS) These include date of creation, date of registration, legal form, share capital, company name, trade name, acronym, principal activity, representatives, Beneficial Owners and address of establishments. These data also make it possible to keeping up with business changes and deletions, data relating to company by-laws and deeds, as well as to non-confidential financial statements (data from balance sheets, income statements, fixed assets, depreciation and provisions). OPEN DATA Open Data or "open sources" refers to all activities and methods for disseminating, collecting and analyzing information obtained from a public source, i.e. information available to everyone. These sources include newspapers, websites, books, scientific magazines, radio broadcasts, television programs and so on. In addition, there are many other public databases that have emerged from the general movement to open up public data. Open sources can contain reliable information, but they can also contain information that should be treated with caution: false information, information whose validity is no longer current, whose basis is subjective or biased. This is why AP Solutions IO does not include screening of unverified sources as standard, but depending on your risk appetite, it can include any type of list you wish. OPEN DATA.

An anti-corruption or AML-CFT includes a preventive procedure third-party integrity assessment. The purpose of this assessment is to protect an organization against the risk of a breach of probity arising from its relationship with a third party, whether customers, suppliers and service providers, intermediaries, subcontractors, holders of public contracts, concessionaires, delegatees, beneficiaries of subsidies, users, partners, etc., in other words, with any natural or legal person with whom the company is in contact with and which may expose it to potential risks of breaches of probity. APScan allows you to identify sensitive persons: people under sanctions/asset freezes (national, EU & international sanctions, ASSETS FREEZE), Politically Exposed Persons (PEP) and their relatives (RCA - Relative & Close Associates), reputational risk / negative press (AME - Adverse MEdia), Country risks (EmbargoVigilance), other open data lists... This detection is carried out by fuzzy logicThis is the logic imposed by regulations. Identity verification is carried out upstream ofAPScan by an internal tool where you have collected the third-party information and supporting documents. The more qualitative input data Surname, First name, Gender, Date of birth, Country of birth, Nationality, SIREN... more about us filtering limits false positives. AP Scan includes more than 70 parameters to precisely define alerts to be screened out sanctions / PEP / Adverse Media. APScan proceeds to data enrichment :

• Obtaining the Beneficial Ownersfor a legal entity: the Sapin II - Anti-corruption law, even requires that companies subject to the law check that the BEs declared by their Third Parties (customers, suppliers...) are the same as those referenced by the authorities,
• Possibility of obtaining additional information about the legal entity,
• Verification of the validity of the Orias number (Organisme pour le Registre unique des intermédiaires en assurance, banque et finance, an association under the law of 1901, under the supervision of the French Treasury).
• ...

A report of suspicion must be made before a transaction is carried out, to enable Tracfin* to exercise its right of opposition. This report must also be made without delay in the event of suspicion arising after the transaction has been carried out. *Tracfin is an intelligence service under the authority of the French Ministry of the Economy, Finance and Industrial and Digital Sovereignty. It contributes to the development of a healthy economy by combating clandestine financial circuits, money laundering and the financing of terrorism. Professionals must therefore refrain from carrying out any transaction they suspect may be linked to money laundering or terrorist financing. There is no legal threshold for reporting suspicious transactions. Tracfin must be informed without delay of any new element that may invalidate, confirm or modify the content of the report. Professionals are required to keep all documents collected as part of their vigilance for a period of 5 years. Without a powerful detection and filtering tool AML-CFT , it is virtually impossible to comply with reporting obligations, which in the event of non-diligence can result in heavy fines and criminal liability for the manager! Measures can be implemented and monitored using our follow-up system. Depending on the due diligence carried out, APScan displays a list of actions to be taken. You can check off the action as it is taken. You now have all the information you need to analyze and make your mandatory declarations to TRACFIN.

AP Solutions IO has opted for Augmented Intelligence for total transparency, traceability and explicability. Artificial Intelligence is becoming less and less intelligible(Black Box). Users want and need to understand how a program's AI works, and how to evaluate the results obtained(Glass Box). In terms of AML-CFT traceability and explicability are, according to regulators, absolutely mandatory. Justifying a recommendation does not depend on the illusory transparency of the algorithm, but on the traceability of the rules used to build it.Augmented Intelligence, by combining Human, Collective and Artificial Intelligence, guarantees both the Justification and the Legitimacy of the decisions made, because it puts the human at the center of the decision and the machine at its service. AP Solutions IO offers you high-performance, yet perfectly traceable & explainable, Detection & Reduction Intelligence, for justified recommendations that lead to legitimate decisions. Our intelligent automation solutions make it possible to limit human action on repetitive, time-consuming or low value-added tasks, while securing the analysis of your flows in real time (up to 98% fewer false positives...) Result 100% Compliance, 100% Aligned with your risk appetite, 100% Fast

A Black Box is any system, device or object capable of being observed in terms of its transfer characteristics (inputs and outputs), without clear knowledge of its intrinsic organization and operation. In contrast, the term Glass Box (transparency) allows for total explicability, as required by regulations. This is AP Solutions IO's choice: 100% compliance, everything is explicable and traceable!

Under the anti-money laundering and anti-terrorist financing system (AML-CFT), companies must monitor their customers' activities using automatic person and transaction filtering systems, which generate alerts on suspicious persons or financial movements. These alerts are then validated or dismissed by the company's compliance officer. Confirmed suspicious cases are consolidated in the form of a "suspicious transaction report", which must be forwarded to the Treasury Department or the Tracfin financial intelligence unit. Regulations require fuzzy logic detection, i.e. detection using spelling, graphic or phonetic approximations... This type of detection leads to the generation of numerous suspicions known as"false positives". The more suspicions there are, the more business is slowed down, and the more company operators have to manually review customer files. Our tool for detecting sensitive transactions or persons offers powerful reduction engines. This step consists in eliminatingfalse positives"The result is up to 98% reduction in false positives! It is essential, particularly in the event of a control by a regulatory authority, to be able to explain and demonstrate the reasons for automatic elimination of a suspicion. Finally, all these steps would be in vain if the tool were not connected to the information system, CRM, ERP... of the companies and subsidiaries with this detection need.

After filtering, a transaction may generate an alert on a person or entity in false positive. To prevent this same alert being generated the next time a similar transaction is filtered, we can create a " Good Guy " mechanism. If there is an alert with no impact, then the Good Guy joker closes the alert. Good Guys are maintained in the form of a list, with applicability statistics, an expiry date and under the strict control of Compliance Officers. A regulator auditing the system would request both the Good Guy lists and, above all, the organizational process surrounding Good Guy management. The Bad Guy is, by contrast, the listed entity that has matched part of the transaction. These are the individuals or entities that are simply present in the lists. This ultra-simple practice is taught to you during the commissioning of your tools.

No Code: No code facilitates the design and scalability of digital tools based on simple, intuitive visual interfaces. When it comes to compliance, every company implements its own customized system, which is why it's so important to be able to rely on an application that can be quickly and easily customized. There's no need for IT skills, no need to know how to code. Non-computer-literate users can configure the various functions independently, just as they would in a simple tool like Excel! API : API stands forApplication Programming Interface. An API makes it possible to access an application's functions or data remotely, usually from another application, via a standard application interface. A request is sent to the target software, if possible in compliance with open standards. Saas : Software as a Service(SaaS) is a distribution model for web-based, hosted applications. The SaaS solution offers improved access to data from any networked device. It makes it easier to manage privileges, control data use and enable everyone to consult the same information at the same time, in complete security.

APScan has prepared the ground for risk classification by breaking down several key stages in the process and treatment of detecting sensitive persons:

1. Alert generation
2. Qualification of whether the alert is TRUE or FALSE (called a False Positive)
3. Third-party due diligence (generally results from the qualification of alerts) :
   1. Establishing a risk level
   2. Define the category of Third Party (SCT, PEP, AME...)
   3. Customer decision: ACCEPT (+ level of vigilance), REFUSE

These steps enable fine granularity of processing to a Third Party.  APScan goes one step further with a profiling system that allows you to automate part of the risk classification process, based on rules of fully customizable scoring.

APScan traces all user and system actions, providing a complete audit trail. Actions are also explained. Where many service providers remain in Black box mode, which is impossible to explain, we have chosen to be totally transparent and explainable in "Glass Box" mode. Glass Box "mode, thanks to ourAugmented Intelligence. Users can export reports, or individual sheets, to prove that mandatory due diligence has been carried out.

APScan is an all-in-one tool that can operate in stand-alone mode, and be used by non-expert users. The solution can be fully connected to your Information System (IS) via our APIs, or operate in hybrid mode with simultaneous use of our APIs and our Web Portal.

APScan with over 70 parameter criteria, enables you to configure the tool according to your Compliance policy and risk appetite. APScan is available from anywhere in the world (all you need is an Internet connection) and is available in several languages(FR, EN, ES), with other languages available on request.

In addition to its stand-alone mode, APScan can also be integrated into an Information System (IS) thanks to its " Full API* " architecture. Our tools use the latest standards in terms of API/Web Services, giving you simplified connection/integration. (*) API API stands forApplication Programming Interface, a software solution that enables two applications to communicate with each other. (*) CRM (Customer Relationship Management). This is a set of tools implemented in companies to optimize customer relations, build customer loyalty and increase sales. (*) HRIS: An HRIS, or Human Resources Information System, is a system that integrates several software packages to manage - and sometimes automate - a number of human resources functions. Depending on the solution implemented by the company, the HRIS may cover employee identification, payroll management, career development, training and recruitment.

APScan complies with all regulations GDPR (*), CyberSecurity is at the heart of our concerns. APScan carries out annual security/intrusion tests orchestrated by recognized independent companies. Today, no security constraint has stood in our way. Many security-intensive professions, and companies of all sizes, already place their trust in us, including major groups known for their zero-risk approach, such as BNPP, BPCE, BPI, Sodexo... Technologically, our API is designed using the latest market standards: Web Service in REST/JSON format, with a secure OAUTH2 authentication system (Bearer Token). The no-code feature enables you to evaluate the full power of our solutions simply and in real time. Our solutions feature an ultra-complete security package : Secure data transfer using https encryption with certificate, segregation of spaces using an application Chinese wall, non-reversible password storage / Encryption of attached documents / Regular data back-up (main and backup servers) / Data located and backed-up in France / BCP / DRP ... We ensure the integrity, confidentiality and traceability of content throughout the process, from capture to long-term preservation of information. (*) GDPR The acronym GDPR stands for General Data Protection Regulation (GDPR). GDPR provides a framework for the processing of personal data within the European Union. The legal context is adapting to keep pace with changes in technology and our societies (increased use of digital technology, development of online commerce...).

AP Solutions IO delivers a new version of the application every 4 months. Thanks to the SaaS* mode, you automatically benefit from these upgrades without any action on your part. AP Solutions IO takes care of everything, and it's included in the subscription. We are always ready to listen to your specific needs. (*) Saas: Software as a Serviceis a distribution model for IT applications in which a third-party provider hosts the applications and makes them available to customers via the Internet.

Yes, list management is of course controlled by the supervisory authorities:

• In terms of the perimeter used,
• Update frequency,
• Time for re-screening relationship entries (EER) and customer portfolio.

In addition to the search engine, the entire compliance system is audited by the regulators. This must be fully aligned with the company's "theoretical" compliance policy, hence the need to have a "best practice" policy. flexible, customizable tool... But above all a traceability and explicability precise and complete.

Plus de 70 parameter criteria of our tools allow a very fine granularity of the putting the Compliance Policy into practice in relation to the "theoretical" compliance policy. APScanis the tool that adapts to your policy, not the other way around! Visit Control authorities are very sensitive on practical/theoretical alignment. This setting also allows you to automatically reduce a large number of alerts and thus automate decisions.  Fewer alerts to review =

• Fewer operators/users required (HR cost optimization)
• Business fluidity (less waiting for file validation = less prospect abandonment = more signatures)

The solution also automates the daily updating of the various listsand proceeds to the screening of the entire portfolio (database) at no extra cost. Of course, previous alerts already reviewed do not need to be revised. Only new and/or updated alerts need to be reviewed by users/operators. In order not to oblige users/operators to connect to the application on a daily basis, APScan can inform only when alerts are to be reviewed, by email notification.

APScan offers several types of "off-the-shelf" reports, as well as reports created on demand. This enables you to have reports tailored to your needs, for example, in response to requests made in the context of the QLB (QLB = Annual "anti-money laundering" questionnaire from the ACPR - Autoritéde Contrôle Prudentielet de Résolution- to which all professionals subject to the AML-CFT must respond).

The expertise of AP Solutions IO teams is fully staffed by historical market experts. Expertise:

• Compliance (obligations, regulations, etc.),
• Operational (review of alerts, etc.),
• Product (needs, functionalities...),
• Techniques

This expertise means we can meet any challenge without ever being caught out. This will reassure you in your choice during the Demo, Project and Consulting phases. Our expertise also enables us to provide regulatory watch to anticipate future constraints and to ensure that current constraints are mastered.

Our detection engine offers outstanding detection quality thanks to extremely precise parameterization, resulting in less "noise". false positives ". Fewer alerts to review = Less doubt removal

• Fewer operators/users required (HR cost optimization)
• Business fluidity (less waiting for file validation = less prospect abandonment = more signatures)

Once you've chosen the package of lists to be screened, AP Solutions IO will provide you with a quote based on your volumes. No hidden costs! The subscription fee depends on the number of third parties to be filtered, and the type of lists selected for filtering. There are no license fees, the number of users is unlimited, and there are no set-up costs. Subscription is for 12 months, renewable, with the option of leaving free of charge during the first 3 months. Billing is based on the number of names filtered, regardless of the number of queries on a given name. 1 record is valid for the entire annual subscription, with an unlimited number of screenings. If you perform 5, 10 or 100 queries on the "Dupont" client, the billing remains the same... 1 unit. In other words, billing is not based on the number of queries, but on the number of customers filtered; whereas some companies bill by the number of screenings, given that it is mandatory to screen your portfolio of Third Parties on a daily basis! A starter kit is included in our offer - technical support (referencing and opening of authorized accounts, etc.) and functional support (study of "false positives", etc.). false positives "configuration, training...). Thereafter, support is ongoing. Since AP Solutions IO owns all its resources, it's easy to modify or upgrade a few parameters. This is essential, as your needs will evolve over time, particularly when you are installing your first system.

Our interface has been optimized to allow rapid review of alerts, and a drastic reduction in "false positives". false positives ". Where it used to take more than twenty clicks to close a file, today with APScan, our latest-generation tool, you can do it in less than 3 clicks!

APScan supports both standard and administrator users. It is also possible to define perimeters/areas for each user. Example: You have several branches. Each user only has access to the files for his own branch. It is not possible to view the records of other agencies. You can set up profiles for each piece of information/action in the application.

All user and/or system actions are traced and explained in the audit trail.

APScan allows a high degree of customization:

• Intermediate workflow statuses * (for different review/escalation levels**, for example)
• Reasons for " False positives"*** (providing a repository of reasons for disqualification, rather than "free text" comments = better reporting)
• Follow-Up actions ****
• etc...

* A workflow is a series of steps related to data processing, it is the modeling and business process management. In its simplest definition, workflow is the modeling and management of the tasks to be performed and the various actors involved in the process. implementation of a business or operational process. . ** One escalation procedure is the process of transferring a customer request to a specialist who can help. The escalation procedure is generally implemented when the customer's problem is too complex and requires a more in-depth specific expertise. *** We talk about false positives when a system misjudges a harmless transaction as suspicious and flags it for verification. If the compliance officer could identify false positives earlier, he or she could get on with more important tasks. AP Scan makes it possible to drastically reduce false positives. **** Literally, follow-up means "to follow" or "to pursue". In fact, when we talk about follow-up strategies, we're implying that we've already made contact. Consequently, follow-up involves maintaining contact over time. This lead will be educated and progressively qualified until it becomes a customer.

AP Solutions IO has defined a service level agreement. A Service Level Agreement (SLA) protocol provides you with maximum response times (in working days) for AP Solutions IO to respond to various requests or events that could arise and impact the proper use of our services.

The detection and reduction engines carry a load of several million Thirds/Records in the database, compared with several million listed entities.

In addition to APScan, APFilter enables you to comply with regulatory requirements concerning the detection of international sanctions and/or the identification of countries & currencies under embargo. It can be interconnected with AP Scan. Detection is instantaneous, thanks to a high-performance detection engine, as well asFull-API integration with core banking systems. Filtering adapted to data typologies (names, countries, currencies, BIC, IBAN, etc.) and an easily-configurable reduction engine minimize the number of suspicions, so that your various transfers run smoothly and without risk.