AMLForms vs Clari5 AML

AMLForms is a cloud AML compliance platform for onboarding, screening, verification, risk assessment, and ongoing monitoring. Its digital KYC forms use templates and conditional questions, letting clients complete forms and upload documents from any device. A no-code builder supports required fields, approvals, reviews, file uploads, and in-form or integrated e-signatures. Screening covers sanctions, politically exposed persons, and adverse media across more than 1,200 stated data sources. Checks include government IDs, biometric likeness and liveness, business verification, beneficial ownership information, and credit checks. Configurable transaction rules and risk context surface unusual activity, trigger alerts, and create cases for auditable investigations. Teams can export client files and histories. AMLForms says it is built for Canadian reporting entities and aligns with FINTRAC guidance. It describes encryption, role-based permissions, configurable retention, and SOC 2 Type II accreditation.

Clari5 AML helps banks and financial institutions automate anti-money-laundering and counter-terrorist-financing compliance while monitoring suspicious activity in real time. Its suite covers customer risk categorization, onboarding and ongoing due diligence, enhanced checks for higher-risk customers, and transaction monitoring with pre-packaged AML scenarios. Screening supports sanctions and watch lists, fuzzy and exact identity matching, and provider or internal lists. Other modules include entity identity resolution and link analysis, regulatory reporting, and case management. Reports include CTR and STR/SAR; goAML provides web-based filing workbenches for PO/MLRO teams. Investigators can be routed through workflows, close cases, and retain an evidence and audit trail. Clari5 says the system integrates with onboarding platforms and company-data providers such as D&B and Bureau van Dijk. Deployment options include IBM LinuxONE and Linux on zSystems, and the listed platforms are Linux and web. Pricing is on request and may vary with transaction volumes, modules, and deployment architecture.