Compliance technology for legal firms
Safeguard your legal business and remain compliant with Veriphy
When you operate in the law industry, it’s crucial to screen your clients effectively and ensure anyone you’re representing isn’t acting fraudulently, before entering into business with them.
In June 2022, the Ministry of Justice increased the SRA’s fining powers from £2,000 to up to £25,000 for traditional firms and the solicitors within them
With our Anti-Money Laundering (AML) compliance solutions, we can protect your business against taking on money launderers, scammers, and criminals who increase your risk of financial and reputational damage. We do so by ensuring your business aligns with the requirements of AML regulations, LSAG, and SRA guidance.
Streamline your client onboarding with our AML solutions
A smooth onboarding has the potential to keep prospective clients interested and engaged with your legal services.
With our AML solutions suite, you can benefit from instant verification of your customers, which includes an automatic, global screen against the PEP and sanctions list.
Compliance with AML regulations doesn’t stop after onboarding. Continuous monitoring is crucial to protect your business from penalties and to ensure client due diligence—and we can help with this too!
Who can we help?
Our suite of AML solutions is designed to help as many different types of legal firm types as possible, including:
- Conveyancing
- Wills and probate
- Dispute resolution
- Insurance litigation
- Aviation and shipping
- Commercial
- Taxation
- Corporate and insolvency
And plenty more!
Our AML compliance technology
Create smoother client experiences and protect your organisation with our AML compliance technology. Our AML solutions suite includes:
Advanced Know Your Customer (KYC) solutions
Our KYC technology can verify and validate client identity within an average of 3 seconds, meaning you to get down to business, quicker.
You can integrate it with your existing case management systems to streamline client onboarding processes and free up your time to work on other important tasks at hand.
Rapid DBS checks for beneficial owners, officers, and managers (BOOMs)
As an established law firm, you need to seek approval from all new BOOMs before they begin their role.
With our DBS checking technology, you can rest assured that we’ll help you to screen people at the relevant and necessary levels.
Protect your legal firm with our adaptable API
When you operate in a highly regulated market like the legal sector, it’s crucial that you’re remaining compliant.
Our adaptable API enables you to do just that, while finding the best solutions for individual client touchpoints, ensuring you’re offering a personable experience.