In 2004, our Executive Team was responsible for creating one of the very first electronic individual Anti-Money Laundering (AML) verification service in response to the 2004 Money Laundering Regulations. In those early days, the Regulating Bodies and many organisations did not recognise electronic identification as a viable alternative to documents such as passports, driving licenses and utility bills. How things have changed; today electronic verification is widely recognised by Regulators, Product Providers, Professional Bodies and User Organisations alike as probably the most reliable, secure and efficient source of information for identity solutions.
Fast forward to present day and we have created a unique platform that delivers Anti-Money Laundering (AML) searches and verifications on individuals and businesses across the UK and International Markets, including automatic Sanction & PEP screening. We have an inbuilt range of daily monitoring, email alert systems and real-time information management, from which we deliver biography, adverse media and photographic evidence in response to “alerted events”. Automated Enhanced Due Diligence (EDD) functionality deals with the majority of Sanction & PEP alerts with no requirement for end user intervention. Our principal data partners are Experian and Equifax which are both global information services companies. These long standing relationships provide us with the deepest data coverage across the UK Market and comprehensive coverage in most International Markets. Our automatic Sanction and PEP screening is supported by another global information business, Dow Jones. Their Factiva Watch List which we host incorporates over 1,100 worldwide watch list data sources to support Sanction & PEP screening and Daily Monitoring services.