Navigating Evolving AML and Transparency Regulations: Compliance Made Simple with Szimfoni

Across Europe and globally, anti-money laundering (AML) and transparency regulations are tightening, posing new challenges for compliance teams in an increasing number of industries. Switzerland, for example, is introducing stricter laws to meet international standards set by the Financial Action Task Force (FATF/GAFI) and the Global Forum. The new regulations include a national transparency register disclosing the Ultimate Beneficial Owners (UBOs) of corporations and extend AML compliance obligations to lawyers involved in certain financial or corporate structuring activities. 

 This evolving, complex regulatory landscape means compliance processes must be reviewed and adapted – not just in the financial sector. Increasingly, due diligence and transparency standards affect a wide range of industries such as legal, manufacturing, consumer goods and healthcare. Drawing on exchanges with official authorities, Szimfoni has developed a solution that is fully compliant with existing and upcoming AML and transparency requirements across jurisdictions and sectors, drastically reducing complexity for organizations. Beyond regulatory compliance, the fast-to-implement tool supports companies in their wider risk management across supply chains, customers and key personnel. 

Szimfoni’s new Compliance Suite provides an end-to-end solution for Customer Lifecycle Management (CLM), helping organizations verify and monitor their customers (KYC), vendors (KYV), and business partners (KYBP) efficiently throughout the relationship. During self-service onboarding, Szimfoni’s Compliance Solution performs automated due diligence using real-time data feeds from leading providers such as Moody’s, Dow Jones, and Eurospider to validate identities, screen sanctions lists, and check for PEP exposure. For legal entities, the platform automatically identifies UBOs by analysing control hierarchies and ownership structures ensuring full transparency in line with the new Swiss regulations. After onboarding, AI-driven alerts ensure that the organization is continuously up to date on any risk changes or regulatory updates, automatically monitoring all relationships and transactions. 

To further reduce complexity, all data is centralized under one Golden Record for each client. Data is stored according to respective privacy laws in each jurisdiction. Full audit trails automatically record every action and offer transparency. Built-in 

dashboards and reports ensure that all compliance activities are intuitively visualized. 

With Szimfoni’s new Compliance Suite, organizations can navigate continuously evolving AML and transparency regulations with ease, ensuring that all verification, monitoring, and reporting requirements are met efficiently.