Anti-Money Laundering for private banking
The Private Banking sector faces the highest levels of regulatory scrutiny in history. Fines for non-compliance in Anti-Money Laundering (Anti-money laundering (AML) is the prevention of money laundering and terrorist financing. In Spain, Law 10/2010 requires credit and financial institutions to apply customer due diligence and to report suspicious transactions to SEPBLAC; Regulation (EU) 2024/1624 harmonizes it from July 2027.Read more → AML) and failures in operational resilience (DORA (Digital Operational Resilience Act) is Regulation (EU) 2022/2554 on digital operational resilience for the financial sector. It requires EU banks, insurers and investment firms to withstand ICT disruptions and threats, respond to them and recover. It has applied since 17 January 2025.Read more → DORA) threaten both capital and institutional reputation.
Where control breaks down in high-net-worth management
Managing High Net Worth Individuals involves complex cross-border transactions and opaque corporate structures.
| Challenge | Risk |
|---|---|
| Transaction complexity | Difficulty tracking the origin of funds in offshore structures. |
| Strict AML compliance | Risk of severe fines if Enhanced Due Diligence (EDD) fails. |
| Financial Data Sovereignty | Reputational risk when outsourcing PII data to non-sovereign clouds. |
BlueUPALM: compliance without data leaving the perimeter
BlueUPALM is the comprehensive AML analysis and detection platform designed with a native Zero Trust is the security model NIST formalizes in SP 800-207: network location grants no implicit trust, and every access is authenticated and authorized separately. In banking and insurance it limits lateral movement after a credential is stolen; BlueUP applies it with per-service cryptographic identity.Read more → Zero Trust architecture, meaning transactional data never leaves your security perimeter.
Enhanced due diligence with the beneficial owner in view
- 360° KYC (Know Your Customer) is the sector name for customer due diligence under Directive (EU) 2015/849: identifying and verifying the customer, identifying the beneficial owner, assessing the relationship's purpose and monitoring it over time. It is completed before the relationship opens, with exceptions (Article 14).Read more → KYC Profiles: Unified view of policyholders, ultimate beneficial owners, and operations.
- Real-Time Screening: Verification against EU, OFAC, and UN lists using Fuzzy Matching algorithms.
Special examinations and regulatory forms stop being manual
- Automation of Special Examination workflows.
- Automatic generation of official regulatory forms for reporting Suspicious Activity.
Every ICT incident classified with its DORA clock running
BlueUPALM not only addresses AML but includes an ICT Incident Management module to comply with DORA:
- Automatic classification (Minor/Significant/Major).
- Notification timers for regulators (4h → 72h → 1 month).
Zero Trust: no open inbound ports and no core slowdown
We implement a Hybrid Asynchronous Authorization architecture using OpenZiti is NetFoundry's open-source connectivity substrate: X.509 identity, end-to-end encryption and dark services with no inbound ports or public IP. VPN replacement is one of its use cases: identity is authorized before any data path exists. At BlueUP it underpins Zero Trust reachability.Read more → OpenZiti and Biscuit is an open-source authorization token from the Eclipse Foundation, verified with public keys and attenuable offline: a narrower token derives from another with no call to the issuer. In banking and insurance it bounds delegation between services. BlueUPALM issues and attenuates it; BlueUP Core has it in design.Read more → Biscuit Tokens:
- Dark Tunnels: The platform operates with no inbound open ports, making it invisible to external attacks.
- Total Sovereignty: Connects to the Core Banking system (via Change Data Capture) without affecting transactional performance.
Featured Resources
Read our strategic guide on the impact of DORA in 2026: → DORA 2026 guide
Talk to our team
BlueUPALM automates enhanced due diligence, special examinations, and DORA notification deadlines without transactional data leaving the perimeter.