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Subject:PwC selects WiseBOS AML Solution
We proudly announce that PricewaterhouseCoopers Ltd (PwC Cyprus) has chosen the WiseBOS Anti-Money Laundering (AML)  Solutionin order to materialise their strategic decision to fully automate their internal KYC and AML procedures. 
  
After an evaluation process, eBOS Technologies has been selected amongst a number of available AML solutions, for the provision of the fully compliant and flexible WiseBOS AML solution, to assist PwC Cyprus implementing their above strategic decision. 
  
PwC Cyprus with almost 1000 professionals, offers value and specialised solutions based on the knowledge and experience of the PwC network of 223,000 experts in 157 countries. The organisation provides a broad range of services focusing on Assurance, Advisory, Tax and Legal Services to meet the increasingly complex needs of its clients. 
  
WiseBOS AML is an automated risk evaluation software solution, which is customized and suitable for use by auditors, accountants, legal and fiduciary firms.  It assists the compliance departments of the companies to rate the risk of their clients and to comply with the AML law and regulations.  Compliance is achieved both in terms of Knowing Your Customer (KYC) documents and actions monitoring (including a dynamic check list for the mandatory KYC documents and actions), as well as by risk-based assessment performed through a risk evaluation wizard and other mechanisms, which are built based on advanced scoring and metrics models.  In addition, WiseBOS AML provides a risk analytical score report and a detailed economic profile of the client, which contains, apart from all information related to the company structure, other details, such as information on risk assessment, interconnection with external sanction/PEP lists, status of the entity (whether is PEP), company’s activities, transactions, turnover, investments etc.  
  
WiseBOS AML is fully aligned and compatible with the guidelines provided by CYSEC, SELK and the Bar Association to assess clients’ risk and to complete their KYC profiles.  The solution is flexible enough to accommodate and comply with other countries’ AML directives and associated laws.