Bofin selects ComplyAdvantage for fraud detection and AML

The deal will see Bofin integrate ComplyAdvantage's screening and monitoring technology for AML data, adverse information, and published media. Bofin’s mobile app allows users to access financial products or services directly provided by financial institutions in accordance with their regulatory obligations.

ComplyAdvantage detects sanctions and adverse events while uncovering hidden risks during customer onboarding and throughout the client lifecycle. Automating AML risk monitoring will help Bofin maintain compliance oversight and integrity.