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Money Laundering Verification System (ID Check)
IDCheck / Anti Money Laundering Verification
Government regulations mean you must know who your customers are. The UK is a major international business centre and is attractive to money launderers and criminals.
If you have a requirement to be registered under the new Anti Money Laundering Regulations 2007 (MLR2007) which apply to accountants, solicitors, estate agents, financial advisors amongst others, you must "know your customer" (kyc) and carry out due diligence to ensure your customer is who they say they are.
The old way of doing this was to ask for documentary ID (identity) - photocopies of passport, driving licence and utility bill for example. However one of the requirements of the Anti Money Laundering regulations is to have the ability to check against the politically exposed persons and sanctions lists, and the only way you can do this is electronically – which is also the most efficient and cost-effective means of verification. Because all our checks perform at levels of enhanced due diligence, you’re saved the time and managerial effort of assessing risk for each client.
We have teamed up with a leading Anti Money Laundering provider to provide industry standard Adobe Acrobat PDF documents confirming electronic verification of the person being checked. Checks are made against numerous databases to confirm identity but importantly also include the politically exposed persons list, the home office sanctions list and the Halo death register, verification of passport numbers, date of birth, and checking Royal Mails mail forwarding - all checks that just cannot be done by taking copies of identity papers. If you are in business (and so are registered with the data commissioner under the data protection act) and need to confirm identity, then we can provide those checks. You can see an example money laundering check report here
No sign up fees, monthly service charges, minimum usage requirement or cancellation fees. Just pay for what you use!
Anti Money Laundering ID Checking with no setup fees or minimum usage charges - help comply with the regulations for only £5.99 +VAT per check
To carry out these checks you need to be a registered user on our system. Registration is free and provides you with a username and password to log in with.
Once registered, you need to fill out our ANTI MONEY LAUNDERING AGREEMENT and confirm that you are a company. We cannot provide the service to anyone not registered under the Data Protection Act. Once this form is submitted, we will review your application and activate the service on the account and contact you. Once activated, you can use the account as much or as little as you wish.
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