Anti Money Laundering with safeAML

In 2021, the European Union lost an estimated 133 bn. Euro to money laundering and financial fraud. To prevent such misconduct, banks are mandated to monitor financial transactions for suspected money laundering by German and European legislation. Strict data protection regulations, however, prevent them from sharing transaction data directly, effectively impeding the discovery of criminal networks. To share the necessary information, financial institutions may resort to Requests for Information. These, however, require time and resource intense manual processing, allowing criminal networks to disband before discovery.

To meet these challenges, safeAML aims to digitize Requests for Information, by offering three distinct functionalities: The digitization of the current manual Requests for Information process, the data minimal construction of transaction graphs and the profiling of suspicious transactions. The resulting analyses of cross-institutional transaction data are communicated only to the participating institutions. Neither EuroDaT nor any third party can gain access to the transaction data. The underlying process has been approved by the Hessian Data Protection Officer and a favorable legal opinion has been presented to the BaFin and FIU. In the current pilot phase, which started on June 4^th, 2025, three large banks are connected to the network. safeAML is open to participation of all financial institutions in Europe.

If you are interested in getting connected, please reach out to us:

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