Press Release 27th Jul 2022 Regulated firms failing to detect criminal “ghosts” Almost half (47 per cent) of regulated firms are failing to carry out crucial “ghost-buster” checks on new business clients, newly released data shows. “Ghost” firms are false entities created as part of a corporate infrastructure to hide the connection of a criminal beneficiary. They are often used by sophisticated criminals to obscure the real recipients of money laundering activity.
Press Release 19th Jul 2022 Revealed: Rising threat of financial crime Almost half (45 per cent) of regulated firms have seen a rise in criminals attempting to launder money or commit financial crime through their businesses in the last year, a new survey has revealed. And more than one in ten (12 per cent) says it has been the victim of money laundering or financial crime in the past six months.
Press Release 22nd Apr 2022 SmartSearch launches high-risk country report A new high-risk country report service has been launched by leading anti-money laundering specialist, SmartSearch in response to the introduction of sanctions against Russia. The service enables regulated businesses to scan existing clients and check for residency or citizenship in Russia, Belarus, or any other high-risk countries
Press Release 16th Feb 2022 SmartSearch launches industry leading whitepaper New research from anti-money laundering specialist SmartSearch has found just under a third (28%) of regulated businesses are unaware of digital solutions, such as electronic verification. These results are particularly surprising as customer demand for digital systems is reaching new heights.
Press Release 31st Jan 2022 Record growth at anti-money laundering firm SmartSearch Specialist anti-money laundering firm SmartSearch has reported record annual growth. The rapid expansion has been driven by a surge in demand for its industry-leading online identity verification and due diligence platform.
Press Release 10th Jan 2022 SmartSearch announces appointment of new CEO SmartSearch, the leading anti-money laundering specialist, today announces the appointment of Guy Harrison as CEO. Guy will drive SmartSearch’s strategic plan to build additional growth and will report to the company’s board of directors.
Whitepaper 15th Nov 2021 What does the rise in hybrid working mean for AML compliance? For many years now, electronic verification (EV) has been seen as the most reliable and robust way of completing AML checks, with regulators across the world pushing firms to use it as a preferred solution.And now, as a result of the pandemic, not only is EV the most reliable option, but it is also the only viable one.Unlike manual checks, which are time consuming and open to error, electronic verification is quick, secure and reliable, offering a consistent approach to AML procedures. By using cloud-based technology, electronic AML platforms offer a quick, easy and secure way for regulated businesses to not only run full AML checks from the office, remotely or a mix of the two, but also, to ensure all record keeping is up to date and fully compliant. Send me the whitepaper https://f.hubspotusercontent40.net/hubfs/8585742/UK%20Whitepapers/What%20does%20hybrid%20working%20mean%20for%20AML%20compliance.pdf
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.