IAK – Integrated AML-KYC

IAK is Onftech’s all-in-one compliance suite designed to help banks and financial institutions stay ahead of Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. In today’s regulatory landscape, compliance is non-negotiable — institutions must ensure continuous monitoring, customer due diligence, and strict adherence to both SAMA directives and global standards. IAK provides a powerful, production-ready platform to unlock compliance excellence. At the core of IAK is the Scanner Module, a comprehensive engine for real-time transaction screening and blacklist monitoring. Every inbound and outbound transaction is automatically scanned, ensuring compliant transactions are processed seamlessly while suspicious ones are held for review. IAK integrates multiple blacklists — including OFAC, EU, SAMA, UN Security Council, and internal bank lists — to provide robust protection against illicit activity. IAK goes beyond simple screening with advanced specifications such as automated or manual blacklist updates, configurable match scoring, instant email alerts, and built-in workflows for human intervention. Its modular architecture supports both Arabic and English transactions, making it fully adaptable for the Saudi market. User, group, and workflow management features provide banks with operational control, while smart routing directs flagged cases to the right teams in real time. Key Benefits: • Automated transaction filtering that reduces manual workload and improves response times. • Accurate, efficient compliance processes that minimize human error. • A flexible, customizable platform aligned with SAMA and international AML/KYC regulations. • Continuous monitoring and reporting to keep institutions audit-ready at all times. By combining automation, advanced blacklist management, and regulatory expertise, IAK helps financial institutions strengthen compliance, reduce risks, and operate with confidence in a demanding regula