take action against money laundering
Are you meeting all the requirements needed to comply with anti-money laundering regulations?
identeco’s Know Your Customer [KYC] and Anti Money Laundering [AML] checks provide accurate and structured information to protect your business from financial crime. identeco’s AML service promotes best practice with continuous KYC monitoring checks - following our onboarding process, we will continuously monitor any files for changes in circumstances to keep you protected.
Money Laundering is the act of a third party or organisation reinvesting money from an illegal activity into another financial transaction or business in order to 'clean' the funds. The Fifth Anti-Money Laundering Directive (5AMLD) is the latest directive in a process driven by intergovernmental lawmakers to tackle the issues surrounding money laundering. The scope of businesses required to run KYC and AML checks is ever widening; Banking, payments, lending, insurance, crypto, investment, gambling, high-risk corporates, solicitors, accountants, tax advisers, insolvency practitioners, estate agents, letting agents, surveyors and dealers trading in high-cost products all fall under the legislation.
Global companies trust identeco to provide fast and accurate KYC and AML ID reporting to authenticate client and owner's identities in order to protect their businesses from risk. Using identeco's Alert Monitoring Tools can ensure a continuous and compliant monitoring environment is maintained at all times.
Our Service comprises of three options of KYC or AML reporting, all priced competitively for our Business Support Toolkit subscribers and supplied in accordance with JMLSG (Joint Money Laundering Steering Group) guidance. Our reports are easy to use and generated immediately for automated download.
| KYC (Know Your Customer) ID Check £4.95 per check |
AML Standard ID Check £5.55 per check |
AML Enhanced ID Check £5.95 per check |
|---|---|---|
| Address and name validation | 2 full checks (name and current address and name and date of birth) | 2 full checks (name and current address and name and date of birth) |
| Anti-Fraud check | PEP & Sanctions register | Electoral register screening |
| Credit header data | ||
| PEP & Sanctions register | ||
| Mortality register |
Click here to download an example report
KYC and AML Customer due diligence requirements:
- What customer due diligence is and when to apply
- Customer due diligence when you are establishing a business relationship
- When to apply customer due diligence for occasional transactions
- When to carry out enhanced due diligence
- Customer due diligence measures where your customer is another Money Service Business
- Internal controls and ongoing monitoring of your business
Although you may be an existing identeco subscriber, access to AML services is strictly monitored and you will have to confirm your access rights to the service by electronically signing our standard user agreement. Once completed your dashboard will be automatically updated to include the AML service.
Ready to run your online AML check? GET STARTED
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CONTACT IDENTECO
If you have any queries about the range of services that we offer, simply get in touch using one of the contact methods below:
- telephone : 01527 549 531
- email : info@identeco.co.uk
- online enquiry form
