Basic Verification + AML Solution

Overview

Persona’s Basic Verification + AML solution enables organizations to extract and verify government-issued IDs, such as passports and driver’s licenses, and then screen them against key Anti-Money Laundering (AML) and Politically Exposed Person (PEP) watchlists. This solution helps you meet compliance requirements by combining identity verification with automated risk screening.

In this guide, learn:

• What’s included in the solution
• How the components work together to verify both identity and screen for AML risks
• How to customize and extend this solution for your specific needs

What’s Included

The Basic Verification + AML solution includes the following components:

1 Inquiry Template

• Government ID Verification
  • Automatically accepts all ID types by default, including US driver’s licenses and state IDs. You can modify the accepted ID types by following this guide.
  • Requires a Barcode Check which means that both the front and back of ID are collected. While this required check introduces some friction to the user experience, it greatly improves extraction accuracy and overall user experience.
  • Inquiry theme can be customized to match your company’s branding and user experience.

2 Workflows

• Run 'Decision' on Inquiry Completed Workflow triggered on inquiry completion
  • Automatically applies your organization’s decisioning rules based on the combined results of the Government ID verification and AML screenings.
  • Also triggers Reports for PEP and Watchlist screenings within the Workflow.
  • Can include additional actions such as routing cases for manual review or triggering notifications.
• Run 'Decision' on Inquiry Failed Workflow triggered on inquiry failure
  • Automatically creates a case for failed inquiries.

2 Report Templates

• Watchlist Report Template
  • Automatically screens individuals against global AML watchlists and sanctions databases. This template helps you identify users flagged in regulatory databases relevant to financial crime and compliance.
• Politically Exposed Report Template
  • Screens individuals against PEP lists to detect users who may present a higher risk due to their political status or public profile.

1 Case Template

• Basic Verification + AML Manual Review
  • Creates a Case if the user fails the verification or if additional manual review is required.
  • Includes tags or comments indicating why the Case was created, allowing your team to review and resolve cases as needed.

Basic Verification + AML Solution Process

Here’s how the components work together to verify a user’s identity and perform AML screenings:

1. The Inquiry collects government-issued ID information and automatically screens the individual against AML watchlists.
2. As part of the process a Government ID verification is run.
3. Once the Inquiry is completed, the Run ‘Decision’ on Inquiry Completed Workflow is triggered to apply your decisioning rules and run required Reports for PEP and Watchlist screenings.
4. If additional review is needed or the Inquiry fails, a Basic Verification + AML Manual Review Case is automatically created for your team to review.

Where to find this Solution

This solution is available to organizations in the Solutions Library. The Solutions Library includes helpful pre-configured combinations of Persona products and features that can be a good starting point for many businesses or use case.

To get to the solutions library:

1. While viewing the Dashboard, click Home in your navigation
2. Under Explore all solutions, click Browse.

Solutions in the solutions library generally include end user verification flow or experiences powered by Inquiry Templates and Verification Templates. They also feature Workflows that automatically approve an Inquiry or create a Case when risky signals (like a failed Verification) are found, and a Case Template to ensure that your business is well set up for reviewing these higher risk scenarios.

Plans Explained

Learn more about pricing and plans