Flagright AML Compliance Platform

Flagright is a financial crime compliance software company registered in Berlin, Germany, founded by Baran Ozkan and Madhu Nadig after they spent 18 months evaluating transaction monitoring vendors as operators. It serves payment processors, digital banks, banks, credit unions, brokerages, crypto firms and remittance providers in more than 35 countries.

The platform can be used as a unified suite or as separate modules: real-time transaction monitoring with a no-code rule engine, simulation and shadow rules; dynamic customer risk scoring; sanctions, PEP and adverse media screening with configurable fuzzy matching; case management with network analysis; and automated SAR and STR filing for FinCEN and more than 70 goAML jurisdictions. AI Forensics agents turn internal procedures into automated screening, monitoring and quality assurance steps.

• Transaction monitoring: Applies no-code rules in milliseconds with simulation and shadow testing.
• Dynamic risk scoring: Reassesses customer risk continuously as behaviour changes.
• Watchlist screening: Screens sanctions, PEP and adverse media with configurable fuzzy matching.
• Case management: Supports investigations, QA checks and network analysis in one workspace.
• Regulatory filing: Generates SAR and STR reports for FinCEN and 70+ goAML jurisdictions.
• AI Forensics: Converts standard operating procedures into AI agents for compliance tasks.

A Vietnamese payment intermediary can monitor wallet and merchant transactions with configurable rules and file suspicious transaction reports faster. A remittance company can screen senders and receivers against sanctions lists in real time. A licensed crypto or brokerage platform can score customer risk dynamically.

Flagright cites a 93% false positive reduction and 81% operational cost savings from customer results, with HitPay reporting investigation time cut by 50% and Banked seeing 60% fewer false positives. Rules take about 3 minutes on average to build, and data stays in the customer's chosen hosting region, with more than 12 regions available.

Payment institutions, e-wallets and crypto exchanges in Southeast Asia face rising AML expectations as licensing regimes tighten, yet many lack large compliance teams. goAML-based reporting is widely used by financial intelligence units, so platforms that automate monitoring and filing help smaller licensed firms keep pace.

Legal entity Flagright Data Technologies GmbH, Torstrasse 201, Berlin, registered at Amtsgericht Charlottenburg (HRB 242205 B). Backed by investors including Frontline Ventures. ISO 27001:2022 and SOC 2 Type II certified, with GDPR, DORA and CCPA compliance. Customers include HitPay and Reap. Founding year not stated on the website.