Smart Risk KYC Streamlines Andorran AML Compliance
Cloud-based platform helps Andorran firms meet Law 14/2017 anti-money laundering rules with automated KYC, sanctions checks, and AI guidance, hosted.
Key Points
- Automated KYC with UN/EU sanctions, PEP, and leaks checks (Panama/Pandora Papers).
- Generates Individual Risk Studies (ERI) and alerts for expiring documents.
- AI-powered queries on Andorran regulations; sector-specific dashboards and CRM.
- Qualifies for government subsidies; hosted on Andorran servers with encryption.
**Smart Risk KYC platform streamlines Andorran compliance with anti-money laundering rules**
Andorran companies and professionals subject to anti-money laundering and counter-terrorism financing regulations now have access to Smart Risk KYC, a cloud-based digital tool designed to meet the requirements of Law 14/2017 while enhancing efficiency and security.
Hosted on Andorran servers with advanced encryption, the platform complies with Law 29/2021 on personal data protection. It targets both financial and non-financial entities obligated under the law, offering an intuitive alternative to manual processes like spreadsheets.
Key features include full Know Your Customer (KYC) management, enabling users to create and update forms, upload documents, and apply due diligence measures. The system performs automated checks against international sanctions lists from the UN and European Union, politically exposed persons (PEPs) databases from the EU, Spain, France, Portugal and others, as well as leaked data from the Panama Papers and Pandora Papers.
Smart Risk KYC generates automatic alerts for expiring documents and pending statuses. Its intelligent dashboard provides graphical reports tailored to specific sectors, offering clear insights into individual client risks and overall business exposure. An integrated CRM helps map client relationships and assess broader risks with a single click.
The platform also produces the mandatory Individual Risk Study (ERI), evaluating key factors such as clients, countries or geographic areas, products, services, transactions, and distribution channels.
As part of the Andorran government's Andorra Digital programme, Smart Risk KYC qualifies for subsidies aimed at modernising businesses, cutting risks, and boosting transparency. It includes an AI-powered query tool trained on Andorran PBC-FT regulations for instant, accurate guidance on compliance queries.
Support is available from a specialist team at +376 804 111 or info@smartriskkyc.com. More details at smartriskkyc.com.
Original Sources
This article was aggregated from the following Catalan-language sources: