AMLR compliance for KYC/AML software vendors
Enterprise buyers of Know Your Customer (KYC) and AML tooling increasingly ask how vendors will support Regulation (EU) 2024/1624 (AMLR). Screening and identity checks are not enough if Ultimate Beneficial Owner (UBO) determination remains a manual spreadsheet outside the product.
Transparify does not ship raw company-register extracts (as OpenCorporates- or Bundesanzeiger-style data APIs do). It returns a legally interpreted Ultimate Beneficial Owner (UBO) determination after parallel assessment of ownership interest and control via other means under AMLR Articles 51–54. That is the buying argument for Know Your Customer (KYC) / Know Your Business (KYB) platforms that will not rebuild UBO logic themselves, often stronger than for a single law-firm user.
By Noah Böker, Regulatory Strategy, Transparify
Last updated: Content is reviewed on a ~90-day cycle while AMLR implementation evolves through 2027.
What vendors should be ready to show
Clear separation of AMLR vs AMLD6 vs AMLA, documented ownership-interest and control tests, and an audit trail for determination outcomes. Vague “AI identifies UBOs” claims are a procurement risk.
Partnering vs rebuilding
Many KYC/AML vendors should integrate a determination engine rather than re-implement Articles 51–54 logic. Transparify’s primary ICP remains professional services; vendor partnerships are a secondary distribution path for the same logic.
Related reading
Primary sources
- Regulation (EU) 2024/1624 (AMLR)Anti-Money Laundering Regulation, directly applicable from 10 July 2027.
- Directive (EU) 2024/1640 (AMLD6)Sixth Anti-Money Laundering Directive with national transposition obligations.
Determine the beneficial owners of one company. From €10.00 per determination, depending on your volume.
Transparify guides capture, threshold checks and documentation. You confirm the result. For several companies we prepare an individual offer on request.