Businesses are looking to compare and contrast the different AML compliance solutions that are available in the Irish market. We at AML QUEST are excited to present WiseBOS AML to the Irish business communities as we believe WiseBOS AML is a game changer in AML and KYC compliance. WiseBOS AML will help firms to achieve compliance excellence with minimum effort. The solution assists firms to meet and comply with the AML regulations both in terms of KYC documents and monitoring through dynamic check lists and risk based assessment, performed through risk evaluation wizards and smart rules robots. Through the utilisation of advanced technology WiseBOS has converted the complex AML regulatory requirements into clear, easy to follow process steps that are adaptable for all business types and can be deployed across multiple jurisdictions. Here is an easy to follow list of features and benefits that can be used for comparison:

1. WiseBOS is an advanced AML compliance solution that is fully integrated with a dynamic CDD and KYC document and communication management system.
2. WiseBOS assists Compliance Officers to monitor the compliance status through the systems management dashboards which provide a real-time view of the risk posture.
3. WiseBOS provides a comprehensive suite of reports for Compliance Officers and Compliance Reporting Officers which can be generated as required.
4. WiseBOS simplifies the data entry process for front-line staff through a smart, wizard-driven suite of data-entry screens which are linked to dynamically adjusted, due diligence requirements and mitigation actions that accurately reflect the risk profile of potential clients.
5. WiseBOS makes process by-pass challenges a thing of the past.
6. WiseBOS enables clients to design and rank business risks and to convert their policy directives into procedural controls.
7. WiseBOS ensures that once the appropriate risk controls are configured, your audit ready posture is retained with minimum effort.
8. WiseBOS  enables managers to reduce the burden of AML and KYC compliance, risk and governance management and reporting and get on with the job of managing their business.
9. WiseBOS can dramatically reduce the cost of managing your AML and KYC processes when compared to manual / spreadsheet based alternatives.
10. WiseBOS enables you to cross reference regulatory changes against your existing client records, determine the impact and track exposures through to closure.
11. WiseBOS lets you know when the risk status of a client has changed and clearly identifies the mitigating steps that are required to off-set this risk exposure.
12. WiseBOS enables firms to train front-line staff quickly and off-set staff, skills and IP retention challenges.
13. WiseBOS utilises secure system log-in, highly-encrypted DB’s and all actions including printing are audit logged
14. WiseBOS minimises data entry requirements (no duplication of data)  
15. WiseBOS enables  scheduled ongoing monitoring to be carried out automatically and any changes in status can be flagged and mitigating actions are highlighted and tracked to closure
16. WiseBOS  provides a live and integrated view of AML & KYC compliance
17. WiseBOS can seamlessly integrate with internal systems (CRM, procurement, accounts etc) and external systems (Thompson Reuters, LexisNexis etc.)
18. WiseBOS requires low initial investment, can shorten the implementation timeline and lowers the ongoing running costs of AML compliance
19. WiseBOS  enables staff to be trained quickly and cheaply
20. WiseBOS helps management to stay focused on growing their business