Due Diligence
Due Diligence in the context of Anti-Money Laundering (AML) refers to the process of investigating and verifying the identity and background of customers, partners, or transactions to assess potential risks related to money laundering or terrorist financing. AML software incorporates due diligence features to automate the collection of relevant data, including Know Your Customer (KYC) information, credit history, and sanctions lists. By conducting thorough due diligence, the software helps organizations assess the legitimacy of business relationships and transactions, ensuring compliance with regulatory requirements and reducing the risk of engaging in illegal activities. This feature is critical for mitigating financial crime risks in real time.
This software is researched and edited by
Rajat Gupta is the founder of Spotsaas, where he reviews and compares software tools that help businesses work smarter. Over the past two years, he has analyzed thousands of products across CRM, HR, AI, and finance — combining real-world research with a strong foundation in commerce and the CFA program. He's especially curious about AI, automation, and the future of work tech. Outside of SpotSaaS, you'll find him on a badminton court or tracking the stock market.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
