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0113 537 4042
Contact us
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Get a demo

Anti-Money Laundering Checks for Financial Firms

Financial Services

Our AML and digital compliance solutions are trusted by over 2,000 financial services firms. Our vision, win customers through trusted identities empowers customers to grow their business with confidence. By providing secure and reliable solutions that meet the ever-changing regulations by the Financial Action Task Force, we enable our clients to focus on their core business activities, knowing that their compliance needs are in safe hands.

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The SmartSearch Difference

 From customer onboarding to ongoing monitoring, SmartSearch streamlines the compliance workflow, allowing businesses to focus on their core activities without compromising on regulatory obligations.
SmartSearch
Other AML providers
A centralised solution for all your compliance needs
Requires multiple platforms and solutions
Our multi-bureau data offering allows for an industry-leading pass rate of up to 97% for our UK Individual Check
Other single bureau solutions offer on average 90% match and pass rates
Benefit from PEP, sanction and ongoing monitoring included as standard
May incur additional costs for PEP and sanction monitoring
Experience a smooth UBO process, integrated with Company House so no documents need to be collected
Requires physical documentation to verify directors and UBOs
All services available via a single API and can be integrated within 24 hours
Time-consuming processes to integrate with your chosen solution
Ensure full transparency throughout the entire customer journey with an end-to-end audit trail
If multiple systems are required, you cannot provide a seamless audit trail throughout the client journey
Our dedicated Customer Success team is available to assist with any queries or concerns, offering expert advice and ensuring a seamless user experience
A less personalised approach to customer service, often through chat bots

Driving innovation with trusted solutions for Investment Firms

We are committed to helping our clients achieve their goals through secure and efficient solutions

  • Verify

    Verify your customer

    Identifying and verifying customers and taking all the steps you need to remain compliant takes just seconds with our platform. Use our platform to complete your KYC AML checks within your financial institution. 

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  • Onboarding

    Customer onboarding

    Streamline customer onboarding and enhance your client experience with our award-winning platform that negates time-consuming traditional verification methods and minimizes cost and resource for your business. 

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  • Due diligence

    Do your due diligence

    Automate the bulk of your enhanced due diligence using our unique system to automatically discount any false positives, ensuring you remain compliant with minimal effort. A game-changing feature for AML in finance.

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  • Monitor your clients

    Monitor your clients

    Powered by Dow Jones, our ongoing monitoring feature reviews PEP and Sanction watchlists globally, alerting you to any status changes and keeping you compliant at all times.

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  • Fraud prevention

    Prevent fraud

    We offer a wide range of anti-fraud products and services that can be tailored to your firm's specific requirements. 

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  • Audit Ready

    Be audit ready

    Get prepared for audits by using our batch upload feature, ongoing monitoring and automated audit notes, you can be confident that your processes are watertight, and your business will always be audit-ready.

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Integrate SmartSearch’s capabilities into your own system

We simplify the KYC process for AML in finance, verifying your clients in both the UK and overseas, so you can get on with what you do best. Get a personalised quote for your financial institution today, and find out how much you could save.

 

SmartSearch is able to integrate our services with your existing software, so you can run AML checks using information from your own system.

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Benefits of using SmartSearch

Check an entire company structure within a few clicks

Comprehensive AML business checks can be performed, drawing upon the best international data.

Check an entire company structure within a few clicks

Comprehensive AML business checks can be performed, drawing upon the best international data.

Access global data within minutes

Make the most of the information available through our global data partners, to help ensure nothing has been left untouched in your efforts to minimise money-laundering fraud risk.

Access global data within minutes

Make the most of the information available through our global data partners, to help ensure nothing has been left untouched in your efforts ...

Remove the costs and time associated with manual compliance checks

Benefit from quicker and more cost-effective methods for carrying out AML and compliance checks. Our automated platform can undertake full checks in seconds.

Remove the costs and time associated with manual compliance checks

Benefit from quicker and more cost-effective methods for carrying out AML and compliance checks. Our automated platform can undertake full ...

Powerful facial recognition technology ensures accurate document identification

The verification of crucial documents is made easier by SmartSearch’s use of the latest OCR and biometric facial recognition techniques.

Powerful facial recognition technology ensures accurate document identification

The verification of crucial documents is made easier by SmartSearch’s use of the latest OCR and biometric facial recognition techniques.

Our AML and compliance solution is trusted by over 2,000 financial firms

Hear it from our customers

In a constantly changing anti-money laundering compliance landscape it is fantastic to have SmartSearch’s expertise on hand.

Linda Barlow

Co-operative Governance Advisor

Using the Smart Search system has helped to keep admin timings down due to the simplicity and given it is an intuitive system. The new updates have definitely helped to make things even easier.

The IJ Team

Our need for SmartSearch has expanded, originally starting with UK Individual searches and then moving onto UK Business searches. This has assisted us in developing our processes for the better, streamlining and speeding up our onboarding journey.

Stephen Kitchen

Compliance Associate

SmartSearch_OfficeLifestyle_Feb25_184-1

We offer cutting-edge technology that instils trust and build confidence for finance firms

There are a number of steps that a UK financial services provider should take to ensure compliance with the Money Laundering Regulations. These include, but are not necessarily limited to:

  • Ensuring the firm has written policies, controls, and procedures to mitigate the AML fraud risk.
  • Making sure those policies, controls, and procedures cover risk management practices, internal controls, customer due diligence, reliance and record keeping, and the monitoring and management of compliance.
  • Communicating the policies, controls, and procedures to staff.
  • Providing up-to-date staff training on the organisation’s policies and procedures, and how to report suspicious activity.
SmartSearch_OfficeLifestyle_Feb25_144-1

Additional measures to ensure compliance for your finance firm

  • Ensuring the firm is registered with the Information Commissioner’s Office under the Data Protection legislation
  • Carrying out a risk assessment on itself in relation to money laundering or terrorist financing risks
  • Putting procedures in place to check a client’s identity and business activities, in order to mitigate the risk of money laundering activity
  • Carrying out enhanced due diligence on higher-risk customers
  • Ensuring the firm has reviewed and updated its AML policies, procedures, and controls in the last 12 months
  • Keeping AML records for at least five years after a business relationship with a client ends

How our resources can support you

  • SmartSearch_OfficeLifestyle_Feb25_008-1

    Resource library

    Explore our resource library for expert guides and tools to support your compliance processes.

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  • SmartSearch_OfficeLifestyle_Feb25_047-1

    Blogs

    Discover our latest blog posts for expert tips, features, industry trends and more.

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  • SmartSearch_OfficeLifestyle_Feb25_031-1

    Contact us

    Speak to one of our AML and compliance experts.
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Frequently Asked Questions

The 5th EU Anti-money Laundering Directive (5MLD) came into force on January 10th 2020 and although most of the content in this directive was built on recommendations already made in 4MLD, there were several important changes that have proved to be especially impactful. To discover what those are, click here.

The EU Anti-Money Laundering Directive (6MLD) came into effect on the 3rd of December 2020 and had to be implemented by every institution in the regulated sector by the 3rd of June 2021. Discover more about this directive.

The UK anti-money laundering regime requirements are set out in the Proceeds of Crime Act 2002 (POCA 2002), the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLR 2017), the Terrorism Act 2000 (TA 2000), the Crime and Security Act 2001 (ATCSA 2001) and the Terrorism Act 2006 (TA 2006).

SmartSearch’s award-winning digital compliance solution can perform a KYC check in just 2 seconds and KYB checks in as little as 2 minutes.

SmartSearch uses Equifax, Experian, TransUnion, Dow Jones, Companies House and LSEG which gives us the broadest and deepest coverage and the most frequent update policy to deliver an industry-leading match rate of up to 97%.

See it in action

Let one of our highly-trained AML experts demonstrate the multi-award winning SmartSearch AML and compliance product.

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