Money Laundering Prevention Verification System and Methods

Abstract

A money laundering prevention verification system includes a verification host server comprising a processing unit and a storage unit, and a money laundering prevention server storing multiple sets of alert data. The storage unit stores multiple sets of associated person data, each containing multiple sets of name information. Upon receiving an application request, the processing unit uses the corresponding associated person data as a target associated person data, and generates and transmits a verification request to the money laundering prevention server based on a target name information contained in the target associated person data. This causes the server to execute a verification procedure to generate and return a verification result. The processing unit determines whether the verification result indicates the presence of a target alert data corresponding to the target name information among the alert data. If the determination is yes, a verification pass notification is generated; otherwise, a verification fail notification is generated.

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