AML, People and Company Checks for Lenders
Lenders are increasingly at risk by the sophisticated methods of money launderers. The concept of borrowing money to then launder is frequently overlooked, yet is it a lucrative route that money launderers take.
The consequences of failure to comply with AML regulations can be catastrophic. That is why Veriphy is designed to assist Lenders, helping you at the onboarding stage to carry out robust yet fast KYC and AML checks.
Veriphy offers a range of services from AML solutions and credit screens to ensure you confidently comply with the law and know that your clients are who they say they are in a matter of seconds.
There is no minimum check usage and no minimum contract period, and we only charge you for the checks you do.
That means free sign-up, no subscription charge and free support, all with no software to install.
Key Benefits of Veriphy Online Checks:
- Easy compliance with the Money Laundering Regulations
- Ability for combined AML and credit screen check -Save time by combining both checks with one input.
- Freedom from time-consuming tasks like requesting, examining and photocopying passports and other documents
- Ability to check driver's licence and passport details to ascertain their validity
- Ability to detect mail redirects
- Ability to check against PEP and sanctions lists - a required element of enhanced due diligence
- Overall speeding-up of process - AML Checks typically take under 3 seconds
- Saves on the cost of registered postage and eliminates postal delay and risk
- Our secure website lets you check at any time from any location
- Our prices are extremely competitive, and you only pay for what you use
- Powerful usage reporting for easy and accurate disbursement
