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Compliance

Due diligence you can produce on demand

Anti-money laundering, KYC and regulatory compliance systems for reporting persons in Tanzania.

What it does

AML, KYC & Compliance

Compliance is not judged by intention. It is judged by whether you can produce, on the day an examiner asks, the due diligence you performed on a customer three years ago and the reasoning behind the risk rating you gave them. Spreadsheets cannot do this past a few hundred customers.

  • Customer due diligence workflow: onboarding, verification and approval
  • Risk rating with a documented, versioned methodology
  • Sanctions, PEP and adverse media screening at onboarding and on an ongoing basis
  • Beneficial ownership capture, including layered corporate structures
  • Enhanced due diligence for high-risk customers, with review dates
  • Transaction monitoring rules with alert queues and case management
  • Suspicious transaction report preparation and audit trail
  • Periodic KYC refresh scheduling by risk band
  • Full audit log — who checked what, when, and what they concluded
  • Regulator-ready reporting packs

Tanzania

Aligned to the Tanzanian framework

  • Anti-Money Laundering Act — customer due diligence, record keeping and reporting obligations for reporting persons.
  • FIU Tanzania — suspicious transaction reporting supported with a complete evidence trail.
  • Bank of Tanzania — examination packs for banks, microfinance institutions and bureaux de change.
  • BRELA beneficial ownership — ownership registers maintained in a form that matches filing requirements.
  • Record retention — records kept for the statutory period and retrievable by customer, by date or by officer.

How we work

Scoped first, built in phases

We look at the process

Not a sales meeting. We sit with the people who do the work now and find where the time and money actually go.

You get a written scope

What will be built, what it costs, how long it takes, and what is explicitly out of scope. In writing, before anything starts.

Built in phases

The part that hurts most is delivered first and put into real use, so value arrives before the whole project is finished.

Trained and supported

Your staff are trained on the real system with real data, and support continues after go-live.

Runs on your own server if you want it to. Internet in Tanzania is not guaranteed. Systems can be installed on a machine at your premises so the business keeps working during an outage, syncing when the connection returns.

Frequently asked

AML, KYC & Compliance — questions we get

Which businesses in Tanzania need this?

Reporting persons under the Anti-Money Laundering Act: banks, microfinance institutions, insurers, bureaux de change, dealers in precious metals and stones, real estate agents, and certain professional firms. Software is not itself required by law, but demonstrating consistent due diligence is very hard without it beyond a few hundred customers.

Do you provide the sanctions lists?

The system consumes standard published lists and any list your regulator requires. List subscriptions that carry a commercial licence are procured in your name.

Can it handle layered ownership through foreign companies?

Yes. Ownership is recorded as a structure, not a single field, so beneficial owners behind several corporate layers are traceable.

How long does implementation take?

A working onboarding and screening deployment is typically eight to twelve weeks. Transaction monitoring rules are tuned over the following months against your actual traffic.

Related systems

Often deployed alongside

See every system we build →

Talk to us

Tell us what your business actually needs

Describe the process that is costing you time or money. We will tell you honestly whether software is the right answer, and what it would take.

Phone+255 781 115 402
Emailinfo@pitech.co.tz
LocatedDar es Salaam
ServingTanzania
WhatsApp us