What is the Kyndryl Anti-Money Laundering (AML) Platform?

Kyndryl AML Platform, on AWS, is an automated solution for fiat- and crypto-currencies for all Obliged Institutions developed to improve operational activities of obliged institutions in meeting AML regulated requirements. The AML Platform provides rapid, accurate detection of suspicious transactions persons on sanction lists and Fiat & Crypto Payment transactions. As well, AML fully reports suspicious payment transactions to the regulator digitalizing compliance requirements.

Kyndryl Anti-Money Laundering (AML) Platform Summary

We understand that the decision about replacement of the present solution is hard. Mainly at the big banks. Therefore, we designed AML Platform in a modular way to address the gaps clients may have. We know the AML business aspects, not only IT aspects.

Apart from implementation projects and application managed services we offer consulting services covering design of scanning scenarios and their parameters, end-to-end AML process design and related internal procedures.

Functional areas:

• Onboarding process – Client scanning vs Sanction Lists + Beneficiary Owners, Board Members, etc. vs Sanction Lists. Creation of relationship graph
• Scanning of online FIAT transactions before execution + Sender/Receiver vs Sanction Lists
• Scanning of FIAT transactions offline – post-monitoring
• Scanning of crypto transactions per Wallet ID (after execution).
• Scanning of Orders for Purchase/Sell of crypto currency on a crypto exchange (Token Swap, Token Purchase)
• AML Risk calculation
• Automation of Cases and Alerts investigation workflow – 4 eyes rule
• Gathering evidence of all business activities + system logs
• Pre-defined reports for management, regulatory and operational reporting
• APIs to external data sources

Technology:

• AML Platform has a modular architecture enabling selection of the required functionality
• Application and operational components (of Kyndryl AML) are deployable on Amazon AWS Kubernetes Services (AKS)
• Kyndryl AML database component based on Amazon AWS Database for PostgreSQL
• Kyndryl AML solution is threat resistant with Amazon AWS Web Application Firewall and offers efficient and flexible performance on demand (Amazon AWS Load Balancer)

Services:

• Analysis of business requirements
• Consulting related to target solution design and integration architecture
• Design of end-to-end AML process and related internal procedures
• Installation and configuration on Amazon AWS platform using technology components available on AWS cloud
• Implementation services including integration and scenarios parameter set up and finetuning
• Application managed services