Your AI agent for
Individual AML Screening & Risk Assessment
Comprehensive individual screening for AML compliance with PEP, sanctions, and adverse media detection plus intelligent context analysis.
Resolve cases 10X faster with AI
Parcha AI agents complete deep research and analysis on hundreds of entities across thousands of datapoints to assess compliance risk in minutes.
Individual Risk Intelligence
Deep due diligence on individuals to identify information that can be used to discount alerts e.g. employment history, address history, social media accounts.
- Enrichment from multiple sources to identify addresses, social media, next of kin and more.
- Open-source intelligence gathering across multiple criteria like employment, property ownership, business ownership.
- Advanced matching capabilities to distinguish between individuals with the same name.
Negative News Monitoring
Identify potential business risks by analyzing news articles, media coverage, and customer reviews across multiple sources. Automatically screens for negative coverage, regulatory investigations, legal proceedings, and reputational issues.
- Comprehensive media monitoring across global news sources and review platforms.
- Instant detection of regulatory investigations, legal proceedings, and compliance issues.
- Automated risk assessment with detailed source documentation for audit trails.
Smart PEP Risk Detection
Identify Politically Exposed Persons (PEPs) and their associates through comprehensive database screening and risk assessment. Automatically screens against global PEP databases with intelligent context analysis to reduce false positives.
- Comprehensive PEP screening against global databases and watchlists.
- Intelligent context analysis reducing false positives by 90%.
- Automated risk assessment with detailed PEP profile documentation.
Real-Time OFAC Compliance
Screen individuals and businesses against global sanctions lists including OFAC, UN, EU, and HMT databases. Automatically validates against all major sanctions databases with real-time updates and intelligent matching algorithms.
- Real-time screening against OFAC, UN, EU, and HMT sanctions databases.
- Intelligent matching algorithms reducing false positives while ensuring compliance.
- Automated sanctions monitoring with instant alerts for list updates.
20+ compliance checks available
Browse our library of identity & business verifications
- Address Verification
- PEP Exposure
- Sanctions & Watchlists
- Source of Funds
- Merchant Categorization Code
- High Risk Industries
- Customer Reviews
- High Risk Countries
- Business Ownership
- Business Deep Research
- State Owned Entity
- Legal Entity Status
- Incorporation Documents
- Proof of Residence
- Source of Income
- EIN Verification
- MCC Classification
- TIN Validation
- Adverse Media
- Person Deep Research
Frequently Asked Questions
How accurate are Parcha AI agents?
Parcha AI agents consistently achieve 95-99.7% accuracy across all verification types, significantly outperforming manual processes. Our accuracy rates are validated by real customer deployments like Flutterwave, which achieved 99.7% accuracy in production.
How does Parcha reduce AML false positives?
Parcha uses intelligent context analysis, cross-referencing screening hits against verified web presence and career history. This reduces false positives by 90% while maintaining 100% detection of genuine risks through comprehensive validation.
What databases does Parcha check for AML screening?
Parcha screens against all major databases including OFAC, UN, EU, HMT sanctions lists, plus comprehensive PEP databases and global adverse media sources. We continuously update our database coverage as new sources become available.
How does Parcha handle PEP screening?
Our PEP screening combines database matching with intelligent context analysis to identify politically exposed persons and their associates. We validate matches against verified online profiles to eliminate false positives while ensuring comprehensive coverage.
What sanctions lists does Parcha monitor?
Parcha monitors all major sanctions lists including OFAC (SDN, SSI, etc.), UN Security Council, EU Consolidated List, HMT UK sanctions, plus 30+ country-specific lists with real-time updates as sanctions change.
Parcha is enterprise-grade
Parcha is built with enterprise-grade security, privacy and compliance. We put guardrails and limitations on AI to make sure you are always in control.