Overview

SmartSearch is here to make AML compliance easy

The most comprehensive features from an AML Provider.

Individual AML checks

By simply entering the individual's name, address, date of birth and SSN, SmartSearch will complete a full AML check - Including automatic worldwide Sanctions, Politically Exposed Person, Specially Designated Nationals, Blocked Persons and OFAC checking - giving you a clear pass or refer result in a matter of seconds.

Covering both the USA and international

International verification is challenging due to regulatory, cultural and technological differences between countries. But thanks to our unique ability to integrate multiple data sources, we can verify international individuals and businesses, processing them under the same rigorous standards as our UK checks.

Monitoring and retrospective checks

After initial AML checks have been completed, we continue to monitor all clients daily, alerting you if their Sanctions or Politically Exposed Person status changes. We can also complete retrospective checks on clients to ensure your firm remains compliant at all times.

Global Watchlist and Sanctions

SmartSearch matches each individual against the Dow Jones Global WatchList, these comprehensive checks provide detailed biographical information when an individual match is found. This provides effective compliance with the anti-money laundering and counter-terrorist financing regulations.

Uniquely placed to streamline your Customer Identification Programme

Our award-winning AML verification platform offers the only KYC solution that also provides full Sanction and Politically Exposed Person screening and ongoing monitoring - a ‘One Stop Shop’ for all your AML and compliance needs.
  • Multiple solutions all on one platform
  • Highest match-and-pass rates on the market
  • Our customers are happy - 98% customer retention rate
  • A more efficient and cost-effective way of staying compliant
  • Automate and streamline the onboarding of your customers
  • Product training for the whole team
  • Ongoing support from a dedicated Account Manager
  • Always prepared for internal audits and regulatory visits
  • No upfront software or build costs
  • Flexible light-touch integration-delivered via API or Web Browser

Carry out Customer Due Diligence on an individual person in a matter of seconds

Know your customers and stay AML compliant without being intrusive

What is the Bank Secrecy Act (BSA)?

The BSA is the primary USA AML law it includes title III of the USA Patriot Act to deter terrorist financing networks. It requires all regulated businesses to verify the identity of their clients, monitor transactions and report anything suspicious. It requires regulated businesses to implement a Customer Identification Program (CIP). SmartSearch is uniquely placed to streamline this process providing an independent source of electronic verification to confirm the identity of a customer.

Who needs to comply with AML regulations?

Regulated sectors include; Financial institutions, Depository institutions, Real Estate, Casinos, Money Services Businesses, Investment companies, Security Brokers, Travel Agents, Insurance, Construction

What happens if you don’t comply with AML?

Failure to comply with AML laws and regulations has severe consequences from warning letters and damaged reputations to significant fines, prosecution and ultimately incarceration.

How do you comply with the AML regulations?

Maintain a risk-based AML programme, that includes record keeping, reporting and customer due diligence. As part of the customer identification programme you must check sanction, PEPS, SIPs, RCAs, SDNs and Blocked Persons. This information must be recorded internally and kept up to date so that you can reassess your business risk if a customer’s circumstances change.

Bespoke packages to suit your business

We can create a tailor-made package to fit your needs and budget without compromising on functionality and service to ensure our unique AML solution is affordable to all businesses.

We have over 4000 customers, from start-ups to corporate giants

HEAR THEIR STORIES

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

Since coming on board a few years ago, we have been delighted with the service we have recieved from SmartSearch. The system is notably easy to use, and we have found it easy to manage. Martina Hopgood Client Liaison
Since starting with SmartSearch we have felt satisfied in our processes and remain reassured that we are compliant. It has now become an essential part of our onboarding process and it's great to have the ongoing monitoring working in the background too. Nikki Conquest Office Manager

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Have a question?

  • Can SmartSearch replace documents?
    If you choose SmartSearch as your AML provider, you will no longer need to use originals or store copies of documents such as passports and driving licences. This is because to perform an electronic AML check, you only need the name, address and date of birth of a customer. However, for ease, you may want to still use traditional documents. Electronic verification can be used instead of, or as supplementary to, traditional documents.
  • How can I be sure I’m still compliant if I’m no longer collecting documents from my client?
    Under the Money Laundering Regulations, to perform “Customer Due Diligence” you must “verify” on the basis of documents or information obtained from a reliable source, independent of the person whose identity is being verified. Section 326 of the USA PATRIOT Act stipulates that the use of non-documentary methods can be used as part of the risk-based procedures outlined within your customer identification programme in order to verify a customer’s identity. Therefore you can be confident you are compliant by using SmartSearch.
  • Is SmartSearch recognised by the regulators?
    Electronic verification is widely recognised by regulators, product providers and professional bodies as probably the most reliable, secure and efficient source of information for identity solutions. Regulators need to remain impartial so don’t recognise any particular supplier. However, the Joint Money Laundering Steering Group (JMLSG) in the UK which set the gold standard on AML guidance (approved by HM Treasury) recognise SmartSearch.
  • How does SmartSearch differ from competitors?
    SmartSearch provides an electronic method of verification removing the reliance on documents and the time-consuming nature of a manual process. SmartSearch is the only platform that is able to automatically verify individuals in the USA and anywhere in the world, with full Sanction, Political Exposed Persons, Special Designated Nationals, Blocked Persons screening and ongoing monitoring. No other provider offers this level of depth and breadth of functionality, making SmartSearch unique in the marketplace and the essential “one stop shop” for all your KYC and CIP needs.
  • Will we need to upgrade to keep up with the latest regulations?
    With SmartSearch you will never need to upgrade your AML solution. By constantly evolving, we can guarantee we are always up to date with the changes in AML legislation. We are always well ahead of the curve and will update the system to ensure compliance with the regulations before they actually happen.
  • Is the SmartSearch service GLB and GDPR compliant?
    SmartSearch is fully GLB and GDPR compliant please feel free to contact us if you need to see any specific policy documents.

See it in action

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