KYC Analyst

KYC Analyst: Streamlined, Open-Source KYC/AML Compliance Automation

KYC Analyst is a powerful open-source tool designed to enhance KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance processes. With 17 human-in-the-loop checkpoints, reliance on free public data sources, and a deterministic risk scoring model, this plugin empowers compliance teams to automate repetitive onboarding tasks while maintaining critical oversight and control.

Key Features

• Human-in-the-Loop Checkpoints: Ensure thorough and compliant decision-making with 17 mandatory checkpoints throughout the workflow, requiring explicit analyst consent at each stage.
• Free Public Data Sources: Leverage comprehensive public databases, including sanctions lists from OFAC, UN, and EU, along with companies and PEP (Politically Exposed Persons) checks, to conduct thorough due diligence.
• Deterministic Risk Scoring: Apply a transparent risk assessment model based on four weighted factors — geographic risk, customer profile, product type, and onboarding channel — ensuring consistency in risk evaluations.

Example Usage

# Clone the repository
git clone https://github.com/vyayasan/kyc-analyst.git

# Change directory
cd kyc-analyst

# Install necessary dependencies
pip install -r requirements.txt

# Start onboarding process in Claude Cowork
/kyc:onboard-interactive "Jane Smith" -- UK resident, salaried employee, standard risk

Why Choose KYC Analyst?

Compliance analysts often face a myriad of manual processes that can be both time-consuming and costly when using proprietary platforms. KYC Analyst resolves this issue by automating tasks such as sanctions screening, risk scoring, and report generation, all while keeping trained analysts in control of every decision. This solution brings down compliance costs while ensuring adherence to regulatory standards.

Measurable Impact

In its pilot program, a UK fintech observed a significant reduction in onboarding time per case:

How It Works

The KYC Analyst workflow involves a series of structured stages, each requiring analyst verification before proceeding. This ensures that all necessary checks are completed with complete transparency. Analysts can easily monitor all actions taken and decisions made during the compliance process, supported by a detailed audit trail.

Outputs

The plugin generates:

• Comprehensive Reports: Generate detailed compliance reports in PDF format and Excel dashboards, documenting each step taken during the onboarding process.
• Structured Case Folders: Receive well-organized digital case folders containing all relevant documentation, ensuring easy access to scrambled audit trails and verification checks.

Data Sources Utilized

KYC Analyst employs only publicly available data, enabling small teams to conduct effective customer assessments without costly overheads.

Conclusion

KYC Analyst presents a unique approach to compliance automation, emphasizing transparency, cost-effectiveness, and human oversight. By harnessing free public data and reducing reliance on expensive platforms, this tool enhances overall compliance efficiency without sacrificing quality.

For more detailed insights, see the Demo Slides.