What is Merlon?Merlon is an anti-money laundering (AML) research platform that helps businesses leverage artificial intelligence (AI) technology to identify and assess financial or KYC (Know Your Customer) risks. Analysts can log their notes, decisions, and other activities to maintain audit trails in compliance with record-keeping requirements.
Merlon helps businesses extract and match biological information with available client details by analyzing a library of media articles and sort results based on the relevance of AML risks. Its natural language processing (NLP) engine allows organizations to sort risk information based on categories such as organized crime, terrorism, terrorist financing, human trafficking, arson, or war crimes whilst ensuring compliance with institutional and Financial Action Task Force (FATF) guidelines. The software also allows supervisors to identify duplicate articles, determine high-risk individuals or entities, and utilize the highlighting functionality to quickly assess, prioritize, and review flagged information.
Merlon's extracted results provide important biological details such as date of birth (DOB), full names, aliases, locations, industries, and other key information, which lets organizations determine financial and KYC risks. The platform also helps businesses secure confidential data through Advanced Encryption Standard (AES)-256 encryption and Transport Layer Security (TLS v1.2) capabilities