Anti-money laundering (AML) check
Maintain compliance and stop financial crime in its tracks.
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All regulated entities are required to adhere to their government’s anti-money laundering (AML) regulations and legislation. As well as keeping you compliant, doing this enables you to protect your business and the wider economy from fraudsters looking to commit financial crime.
With the legislation being updated often, it’s crucial that your firm is keeping up with it. This is where our anti-money laundering checks can make it easier for you.
Why Veriphy
What our AML checks can help you do
Our AML check tool will keep you on the right side of the law, while satisfying your customers. When you use our AML checks, you can:
Maintain compliance
Stay up to date with legislation changes with full access to our robust AML compliance portal.
Streamline customer onboarding
Create more efficient and effective onboarding process that removes the need for face-to-face verification.
Retain control
Manage control over spends while benefitting from quality AML solutions.
Monitor and reduce risk
Continually monitor the risk of customers even after onboarding.
How it works
Conduct AML checks in seconds
Our average processing time for checking results is just 2 seconds, meaning you can slash the time your employees would spend conducting these manually—all while providing a quick and easy onboarding service to your customers.
Our AML checks are compliant with the JMLSG and 5th Directive and can efficiently and effectively validate client identity and address.
Depending on your need in line with legislation, we have several screening options to choose from including:
- UK electoral registers (current and historic, full and edited)
- Recent credit file activity data
- Birth index register
- Telephone directory
- Mortality register
- Departure register
- Sanctions (HMT, EU, and OFAC)
- PEP databases (UK domestic and global)
We also provide some additional screening services including:
- Additional documents screening for UK residents: passports (UK and global), GB driving licence, National Insurance number
- International ID checks: international passports, EU ID checks, and screening against global PEP and Sanctions databases.
- Optional screening of both UK and global identification documents.
All our AML checks can also be completed right from our mobile phone app, so your customers can complete their onboarding no matter where they are.
Rapid and secure screening of existing clients
Our batch processing function can monitor the risk of your existing clients, as well as new ones in minutes, taking pressure off your internal teams and maintaining overall compliance.
Simply enter client’s name, address, and date of birth into our portal for a quick and easy way to validate client’s identities. Our technology allows for both individual client or collated risk reports, with a full overview.
Award-winning AML checks that ensure full compliance
Our expert consultants will assess your existing case management, CRM, or third-party systems to find the best, most seamless way of integrating our AML checks into your infrastructure and conducting all your checks from one single place.
With our AML checks, you can remain compliant with anti-money laundering legislation, while creating a simple onboarding process for your customers.