Innatech provides compliance, AML and settlement services to its clients, including AML and compliance training to Payment Institutions and Money Service Businesses.

Innatech is a team of Anti-Money Laundering specialists who work with payment businesses providing compliance outsourcing and secondary compliance auditing services.

Innatech holds accounts with leading worldwide compliance and AML verification systems and works by providing all upfront company and owner KYC, and ongoing AML monitoring.

How does Innatech work with Payment Companies and Online Wholesalers?

Innatech identitfied a gap in the market where international payment companies and marketplaces were not completing the required compliance and AML screening to conduct their businesses.

Innatech contract with marketplaces and payment companies to manage the KYC, AML and ongoing compliance requirements as per local and international legislation. The primary services of Innatech are:

  1. KYC and Compliance Screening Innatech provides complete UBO and Company screening for Payment Companies and Marketplaces
  2. AML and Settlement Management Innatech provides complete AML settlement services, including contract review, KYC and UBO review, PEPscreening review and settlement services on behalf of marketplaces and payment companies who do not have this expertise
  3. Ongoing Persistent Monitoring Innatech uses integrates sanction lists and Pep Screening tools to complete periodic, ongoing AML screening on partner clients, and all entities for settlement

How does Innatech perform AML and Compliance Management to Payment Companies?

Innatech works with Payment companies to ensure they meet their compliance requirements internationally. Our primary customers are Marketplaces and PSPs who are ‘sales focused’ organisations, that do not have the internal capability to adhere to required Anti Money Laundering procedures.

Below is an example of the tools and services Innatech provides its clients to ensure correct compliance management:

KYC and AML, UBO checking and Settlement Services:
  • Comply Advantage -AML, Sanctions Lists & Adverse Media Screening (Entities, Beneficiaries, Directors)
  • Dow Jones Risk Center - AML, Sanctions Lists & Adverse Media Screening (Entities, Beneficiaries, Directors)
Marketplace Supplier Compliance Review:
  • WebShield InvestiGate – Ecommerce supplier or Merchant Outsourced Underwriting (Preliminary Screening)
  • Internal Underwriting - Advanced Due Diligence via Proprietary Manual Review Process whose clients are international, and have more complex and difficult KYC processes.