Hello, AML superheroes! As you know, AML regulations require businesses to monitor their customers and partners continuously. At Vespia, we see a lot of cases where customers have a database of hundreds of customers that they need to manually recheck every couple of weeks. Not only is this time-consuming and inefficient, but it's also not very effective in catching potential AML risks.

That's where Vespia comes in. We offer several types of monitoring that make it easy for you to keep an eye on your business customers and partners.

Let's take a closer look at each of these types of monitoring.

KYB & Business Monitoring

KYB Monitoring allows you to keep track of changes in the business itself, such as changes in company ownership, new directors or shareholders being added to the company, or leaving the company. With our KYB Monitoring, you can stay informed about important changes to your business customers and partners.

Anti-money Laundering Monitoring

Vespia checks entities against PEP (Politically Exposed Persons), Sanctions, and Adverse Media lists daily. If someone is added to a Sanctions list, for example, you'll receive an instant notification, allowing you to take action quickly and stay compliant.

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ID Expiration Monitoring to improve the business partners' process

Vespia also monitors the expiration dates of IDs for the UBOs (Ultimate Beneficial Owners) and representatives of the companies you're monitoring. This ensures you're never caught off-guard by an expired ID.

Vespia - the Ultimate Business Monitoring Tool

The best part? It's super easy to verify businesses and monitor them with Vespia. Simply select the entity you want to monitor, and you'll receive a notification whenever something changes inside the entity. Plus, with our Vespia API, you can automate the monitoring process for all of your entities, saving you time and effort.

In short, Vespia makes monitoring your business customers and partners easy and hassle-free. With our different types of monitoring, you can stay compliant with AML regulations without spending too much time on monitoring.

So why not give Vespia a try and see for yourself how easy it can be to stay on top of your AML compliance requirements? Get started now!

Are you an AML superhero looking to streamline your KYB process and stay compliant? Vespia Dashboard offers a simple, six-step approach with global coverage, PEP and sanctions screening, and more. Learn more here and master KYB like a pro!

Stay informed and stay compliant!