We are excited to announce the official release of AlgoCandy 2.0 – our next-generation Anti-Money Laundering (AML) compliance software, purpose-built for Singapore’s evolving regulatory landscape.
Comprehensive Features for Compliance
AlgoCandy 2.0 provides end-to-end coverage of all key compliance points, including:
- Client Onboarding – secure online data collection, beneficial ownership identification, and supporting document submission
- KYC Forms – digitally completed and signed by clients, covering business purpose, source of funds, income, and declarations
- AML Screening – instant checks against sanctions, PEP, and adverse media databases, with ongoing monitoring and alerts
- Identity Verification – multi-layer verification including online checks, document uploads, and video interviews (coming soon)
- Enhanced CDD – risk-based workflows triggered by high-risk factors such as PEPs, adverse records, or jurisdictions on FATF grey/black lists
- Risk Assessment and Reviews – standardized risk scoring, reporting, periodic review reminders, and complete audit trails
Designed for Compliance and Efficiency
The design philosophy behind AlgoCandy 2.0 is clear: compliance and efficiency, in one seamless workflow.
- Compliance Built-In
Our compliance experts have studied extensive ACRA, MAS, and FATF documentation to extract key regulatory requirements. These requirements have been embedded directly into AlgoCandy’s workflows, ensuring that each compliance checkpoint is aligned with the law and executed without gaps. - Efficiency Delivered
AlgoCandy 2.0 eliminates fragmented workflows and reduces reliance on external tools. No more juggling between spreadsheets, email attachments, or multiple platforms. With AlgoCandy, everything from onboarding to ongoing monitoring happens in one system, one workflow – saving significant time and reducing operational risks.
The Most Complete AML Software in the Market
Following extensive market research and client feedback, AlgoCandy 2.0 stands out as:
- The software with the widest coverage of compliance points in Singapore’s AML/CDD landscape
- The most streamlined and efficient workflow, minimizing manual tasks and duplication
- A trusted solution designed for CSPs, financial institutions, and regulated entities that need to stay ahead of compliance challenges
Conclusion
With AlgoCandy 2.0, compliance teams can achieve both regulatory confidence and operational efficiency. It is more than just an AML screening tool – it is a complete compliance platform tailored to Singapore’s needs, ensuring that businesses can focus on growth while meeting every regulatory requirement.
