SUMA México
Money laundering prevention and customer knowledge (KYC/AML) platform for the Mexican financial sector.
Category
Regulatory
Modules where it's integrated
SUMA México is a specialized solution in money laundering prevention and customer knowledge for financial institutions in Mexico. It allows performing automated verifications against lists of politically exposed persons (PEPs), international blacklists and other relevant records for regulatory compliance in PLD/FT matters.
How to use the integration in kiban
- 1
Contract SUMA México services to obtain access to the platform.
- 2
Configure the connector in kiban's origination module.
- 3
Define parameters and evaluation criteria according to your risk appetite.
- 4
Integrate verifications into your customer onboarding process.
- 5
Configure alerts and notifications for suspicious cases.
- 6
Perform tests with different risk profiles.
- 7
Implement the solution in production and document results for regulatory purposes.
Benefits of using SUMA México through kiban
Simplified regulatory compliance
Automates verifications required by Mexican authorities regarding money laundering and terrorism financing prevention.
Early risk identification
Detects possible links to illicit activities or high-risk persons before establishing business relationships.
KYC process optimization
Reduces time and resources needed for customer verification through automated processes.
Documentary evidence for audits
Automatically generates and stores reports and evidence necessary to demonstrate compliance to authorities and auditors.
Use cases
- 1
New customer onboarding
- 2
Periodic verification of existing portfolio
- 3
Investigation of unusual operations
- 4
Report generation for CNBV and UIF
- 5
Risk assessment of counterparties and suppliers
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