Are you meeting all the requirements needed to comply with anti-money laundering regulations? Are you confident that you are carrying out the correct checks to ensure that you protect your business?
Money Laundering is the act of a third party or organisation that reinvesting money from an illegal activity into another financial transaction or business in order to ‘clean’ the funds. The Money Laundering legislation was introduced in June 2017, replacing The Money Laundering Regulations Act 2007 and financial services companies and regulated businesses are now required to have reliable Anti-Money Laundering processes in place.
When it comes to AML services and ID checks, global companies trust identeco. They know that when they need to authenticate client and owner’s identities in order to protect their businesses, our checks meet their needs – fast, totally secure and fully compliant.
We offer three options of AML or Know Your Customer services and we price these competitively for our Business Support Toolkit subscribers. You can be confident that any unethical behaviour or third parties who may be generating income through illegal practices that may compromise your business will be disclosed through our secure and compliant checks. Our reports are easy to use and generated within 24 hours from submission of data.
Get peace of mind with our trustworthy, robust and accurate AML and ID Checks.
AML Enhanced – Our most comprehensive AML screening service. identeco will run two full checks - an individual's full name and current address and a second match on an individual's full name and either their current address or their date of birth. We will also screen against electoral register, credit header data, and politically exposed person register (PEP), sanctions and mortality (£5.95 per check).
AML – This is our standard Anti-Money Laundering Check and meets standard legislation. identeco will run matches against an individual's full name and current address and a second match on an individual's full name and either his current address or his date of birth. PEPs and Sanction lists are included in the check to alert you of any potential risk factors in transacting with the individual (£5.55 per check).
ID Check – Know Your Customer; a basic but effective screening to verify a subject’s identity. This service will perform checks until it matches with a data source which will validate your subject’s name and address. As further peace of mind, identeco will run anti-fraud checks on the individual (£4.95 per check).