[OliverWales]

Our agent implements every step of the procedure that a human compliance analyst would follow, step by step. As a result, every individual check that makes up the overall decision is documented with the reasoning and evidence the agent used.

You can also choose to bucket your customers by risk level and require manual review for higher risk customers (e.g. certain business activities like crypto or gambling, complex ownership structures or foreign UBOs). Ultimately the level of automation vs review is up to the risk appetite of the customer, as they are the one that has to answer to the regulator.

[Lionga]

So a long way of saying "Nope" to the actual question?

[whiplash451]

Said differently: they are a data processor, not a data controller, and as such leave the legal burden on their customers, while promising some level of automation / cost reduction. It sorts of makes sense, the main challenge being profitability for Arva.

[rhimshah]

It would hold up with the regulator as each decision and outcome is stored and has explainability, so it is in fact even more auditable than a human!