Insurance

AML Compliance for Insurance Organisations

Protect your organisation from money laundering and avoid penalties for non-compliance. We can help you stay in the clear so you can focus on what you do best, your business.

We can help you mitigate the risks of insurance fraud

While not at huge risk from money launderers, insurance firms are vulnerable to fraudulent claims and therefore need to manage the risks associated with the customers they insure.

SmartSearch offers an all-in-one customer verification system with Sanction and PEP screening and ongoing monitoring, offering a quick and easy way to verify customers and mitigate the risks of fraudulent transactions.

Just a few areas we can help you with

Know who you’re doing business with

Electronically verify your customers at the click of a button and fulfil your KYC requirements quickly and easily.

Onboard customers

Know who you are dealing with by performing all of your KYC and AML checks through one centralised system. We can even integrate with your existing system to streamline your process, saving your firm time and money.

Meet your customer due diligence requirements

Always remain compliant with our unique electronic identification and verification system which automatically screens for PEPs and Sanctions and completes enhanced due diligence on any matches.

Monitor your records

We ensure you remain compliant with alerts for status changes for PEP and Sanction matches with our ongoing monitoring service powered by Dow Jones. With on average around 60% of matches marked as ‘false positives’, our automated enhanced due diligence feature saves you both time and money.

Avert fraud

We offer a range of fraud prevention services which can be tailored to your own internal risk policies.

Keep records

Evidence your compliance and due diligence at the click of a button through our easily-retrievable search records, high risk client lists and audit note trails.
WHO WE WORK WITH

What kind of insurance organisations do we work with?

  • Life Insurance
  • Pensions
  • Investments
  • Annuities
  • Endowments
  • Group Pensions
  • Trusts
HEAR IT FROM OUR CUSTOMERS

There’s a reason we have a 98% client retention rate

The Travel Network Group
When someone submits an application to us, we like how quick and easy it is to perform the check, and love how reliable the information is that’s returned. Stephanie Slark Head of Group Recruitment
Read case study
Broadstone Insurance
SmartSearch provides us with a cost-effective and simple to use solution which is quick and east to use and delivers a fully auditable record. It has undoubtedly provided us with efficiencies and a cost saving over our previously used system.
Read case study

See it in action

Let one of our highly-trained sales team demonstrate the multi-award winning SmartSearch AML product

Get a free demo
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