Award-winning AML & KYC compliance for regulated businesses
- 98% Customer Retention Rate
- Highest Match & Pass Rate on the Market
- Run Sanctions & PEP Checks on Your New & Existing Clients
- International & Domestic Checks All in One Place
With our unique electronic platform, you can verify both individuals and businesses, and perform screenings for Sanctions and PEPs, at the touch of a button.
We offer full API integration saving you time & money, and making AML compliance easier than ever.
Our platform works in real-time, completing AML checks in a matter of seconds, automatically triggering any Sanction or PEPs.
Money laundering is when criminals integrate their illegally-obtained cash into the financial system, so it looks like it was earned legitimately. ‘Anti-money laundering’ refers to the laws, regulations, and procedures designed to prevent money laundering.
Firms in finance, property, law and insurance are legally obliged to comply with these AML regulations, as well as art markets and other high-value dealers. The compliance of these sectors contributes to the wider battle against financial crime, and protects firms within them from the risk of money laundering too.
There are several different key components when it comes to AML checks, but a SmartSearch incorporates KYC, PEP and Sanctions screening, along with ongoing monitoring and enhanced due diligence. While a fragmented approach to these checks is time-consuming and inefficient, a SmartSearch is one simple, holistic compliance solution.
You can fulfil KYC requirements, Sanctions checks, screening for Adverse Media, checks for PEPs, SIPs and PSCs, as well as get assistance with Enhanced Due Diligence and ongoing monitoring, all in one place.
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The time in which it takes to complete a ‘SmartSearch’ was a huge USP to choose SmartSearch as a provider. The checks provide a quick and simple solution to identify and verify clients and removes the hurdle of obtaining hard copy or certified copy documents. I find the potential match interface very helpful as it generally provides enough information to be able to properly assess the results and enable us to make a decision on whether we proceed.Blacks Solicitors
We upload new clients via a monthly ‘bulk upload’, thus saving time and resources to focus on other areas of development and growth. The biographic information returned as part of the PEP, Sanctions, RCA and ‘Special Interest Person’ screening returns a deep level of detail, enabling us to undertake effective risk-profiling and discount false positives. Once we took advantage of the new ‘suppressions’ at no additional charge, this made our processes much more efficient due to the reduced the manual workload required by our compliance team.CCLA
We can verify the identity of your customers electronically in seconds, fulfilling your KYC requirements and provide automatic enhanced due diligence for any PEP or Sanctions matches.
Our platform completes AML and KYC checks all in one place and can be integrated into your existing system, streamlining the customer onboarding process, improving client experience and reducing costs.
Through our user-friendly platform, identification, verification and ongoing monitoring are quick and easy to perform, ensuring you always remain fully AML compliant.
We take updates every day from the Dow Jones Watchlist, the most accurate, complete, and up-to-date PEP and Sanctions list in the world, to offer our unique daily monitoring service. This alerts you if a client’s PEP or Sanction status changes ensuring you’re always fully AML compliant.
With our monitoring system, you are always audit-ready. From audit note trails to the ability to batch-upload existing customers, we ensure you can evidence your compliance whenever you need to.
Our comprehensive range of anti-fraud services can be tailored to your specific requirements, creating a bespoke fraud-prevention solution for your firm.
We know that combining SmartSearch technology with your own systems is beneficial for everyone. Our integration process can be fully completed in just 24 hours, so you can continue client onboarding with minimal disruption, and carry out AML checks using their existing data files.
Integrating our capabilities with your own data saves you time and money, making AML compliance easier than ever.
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.
Sanctions are restrictions used to stop individuals and entities who are involved in - or suspected of - illegal activities from engaging in certain industries. Government bodies and financial authorities both issue sanctions lists; these can be used to screen individuals and organisations for financial sanctions
A PEP, or Politically Exposed Person, is someone who holds a prominent position in public life - for example a senior member of government or law enforcement - making them more vulnerable to bribery and corruption.
Sanctions searches and PEP screenings are a central component of your AML checks, as they confirm that your client doesn't present a money laundering risk.
AML monitoring is part of the Anti-Money Laundering procedures required of all regulated businesses. The money laundering regulations require that you do proper due diligence as part of your Know Your Customer procedures. This involves initial AML checks, which will identify and verify the client, as well as PEP and Sanction screening, which will alert you to whether or not the customer is more of a risk. If their name matches with a PEP, Sanction or RCA list you must then complete Enhanced Due Diligence to ascertain the level of risk that they may pose. AML monitoring is the process of keeping a regular check on the client going forward. Once initial checks have been completed, you must also monitor every client you have checked for any changes to their status and therefore, any heightened risk to your business.
There are many different AML checks to carry out when you're vetting a potential client or customer, starting with KYC and initial checks. These should be performed before any business dealings take place between yourself and your client, to ensure that you don't jeopardise your AML compliance.
SmartSearch is fully GDPR compliant - please feel free to contact us if you need to see any specific GDPR compliant policy documents.