PMS Firms Adopt Continuous AML Monitoring Beyond One-Time KYC Checks

Portfolio managers traditionally checked customers mainly when they first opened an account.

But a customer’s risk can change later.

For example, a person could appear on a sanctions list or become linked to a politically exposed person.

APMI is giving its members access to a shared platform called InPro.

The platform repeatedly checks investor information against several risk databases.

When it finds a possible match, compliance workers investigate it and record what they decided.

The system also keeps a history of these checks and decisions.

This helps PMS firms show regulators that they are monitoring risks carefully over time.