Press Release 29th Sep 2021 SmartSearch unveils Ultimate Beneficial Owner (UBO) service to cut through corporate fog Leading anti-money laundering (AML) firm SmartSearch, has launched a new service to help businesses identify the ultimate beneficial owner (UBO) of large corporates.
Press Release 29th Sep 2021 SmartSearch urges agents to ‘ditch documents’ to be compliant Leading anti-money laundering specialist SmartSearch has warned property agents are in serious danger of non-compliance with new regulations, unless they ditch documents and embrace a digital solution.
Press Release 16th Sep 2021 SmartSearch warns against rushing AML to beat SDLT Leading UK RegTech specialist SmartSearch has warned against the dangers of rushing through anti-money laundering checks, in a bid to beat the upcoming stamp duty holiday deadline at the end of June
Whitepaper 3rd Sep 2021 How does Brexit affect the UK’s Anti-Money Laundering laws? As a member of the European Union (EU), the UK’s anti-money laundering (AML) laws were dictated by the European Parliament’s Money Laundering Directives. But, on 31 December 2020 - four years after the Brexit vote - the UK finally left the EU. So, the question is, what happens to the UK’s regulatory environment now that it is no longer governed by the EU?
Whitepaper 21st Jul 2021 Manual verification checks vs electronic verification - why make the switch? Under anti-money laundering law, all regulated businesses in the UK - which includes financial institutions and those working in other at-risk sectors including legal, property and investment – and all financial institutions in the US, must complete due diligence on all new customers before they embark on a business relationship. This is a hugely important part of the customer onboarding process; firstly, it is a legal requirement and businesses that do not complete the proper checks can get fined, suspended or even face legal action, and secondly, money laundering is not only a crime in itself, but an enabler for more serious crime, including terrorism, drug and people trafficking and modern slavery. Send me the whitepaper https://f.hubspotusercontent40.net/hubfs/8585742/UK%20Whitepapers/Manual%20verification%20checks%20vs%20electronic%20verification%20-%20why%20make%20the%20switch%20-%20SmartSearch%20Whitepaper.pdf
Press Release 5th Jul 2021 AML and identity checks: Lessons learned from the NatWest case NatWest’s landmark money-laundering case has dealt a huge blow to consumer trust in online banking; an industry that more than three quarters (76%) of UK consumers already admit they don’t fully trust, according to research from anti-money laundering specialists, SmartSearch.The ongoing lawsuit being faced by the high street bank has put others on high alert to the threats and scale of money laundering in the UK, but experts warn this case is the tip of the iceberg when it comes to financial crime in the UK.So, what can businesses learn from NatWest to avoid the same costly pitfalls?
Press Release 23rd Mar 2021 Lessons should be learned from Bounce Back loan fraud SmartSearch, the UK’s leading anti-money laundering (AML) solution provider, has called on lenders, brokers and conveyancers to learn the lessons from the Government’s failure to prevent the loss of £billions in Covid-related fraud over the past 12 months.
Press Release 23rd Mar 2021 SmartSearch launches most robust KYB checks on the market Leading UK anti-money laundering (AML) and ID verification firm SmartSearch is launching the most comprehensive business-owner verification solution on the market, in a bid to counter the spike in the number of scams involving fake businesses.
Press Release 23rd Mar 2021 SmartSearch makes RegTech 100 for fourth year Award-winning company SmartSearch Ltd, has today been recognised as one of the leading providers of regulatory technology (RegTech) software. For the fourth consecutive year, SmartSearch has been included in the prestigious ‘RegTech 100’ list, in recognition of its leading role in combatting money laundering. The 2021 list recognizes the tech companies transforming compliance, risk management and cybersecurity.