Any SAP product related to KYC (Know-Your-Customer), AML (Anti-Money Launde

[Former Member]

Hi Experts,

Could you please advise whether SAP has product related to following topics?

KYC (Know-Your-Customer), AML (Anti-Money Laundering)

How can I find additional details.

Thank you very much

Erika

Edited by: Erika Goh on Sep 16, 2008 1:00 AM

[former_member58030 · Accepted solution]

Hi Erika,

SAP has this product as Alexandra said SAP GTS (Versions 7.0, 7,2).

It has a section SAP Compliance Management which covers

1. Sanction Party List.

2. Product Related Check ("Legal Control")

You can use this functionality to actally recognize your customers, with whom you wish and do not wish to work. Using the SAP GTS monitoring features, you can keep track of all checked addresses

You can get detailed information here http://help.sap.com/saphelp_gts70/helpdata/en/1d/8082ab7248f74ca09861d9713b9a52/content.htm

Thanks,

Prarit

[Former Member]

You may run checks on business partners used in ERP. SAP GRC Global Trade Services allows for that functionality. The application has the capability to upload Sanctioned Party Lists (SPL) that are regularly updated by service providers, e.g. http://mkdenial.com.