Why Monitoring Matters
When it comes to putting a comprehensive, robust and reliable anti-money laundering programme in place, customer due diligence - verification checks and...
The main benefits of our suspicious activity reports
At SmartSearch, reporting suspicious activity is made much easier, due to the automated nature of our platform. Instead of carrying out manual checks (also prone to human error), our platform is specifically designed to streamline compliance, reduce risks and enhance operational efficiency.
With advanced automation capabilities, SmartSearch gives you the high-tech tools needed to identify and report unusual transactions swiftly and accurately, enabling you to create your own suspicious activity reports in the UK (and globally, if required).
We've covered how your business can benefit from our software below.
Whichever SmartSearch package you choose to go for, we’ll always be happy to help - just get in touch with our expert team to discuss your options.
Simplifying the SAR process with SmartSearch
Managing your suspicious activity reports is imperative to the success of many businesses, enabling you to avoid severe penalties such as hefty fines, criminal prosecution and damage to your brand’s reputation. We offer an innovative platform that ensures compliance and protects your organisation from the risk of financial crime, using high-tech automation and industry-leading data sources.
Let's see exactly why SmartSearch stands out as the trusted partner for your SARs...
Key features of our suspicious activity reports
Our suspicious activity reports are specifically designed to help modern businesses and organisations stay compliant with the law. These are some of the main stand-out features that should make our suspicious activity reporting solution your first choice...
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Customisable monitoring options
When working with SmartSearch, you'll always get an array of customisable ongoing monitoring options, adapting our solutions and services to your business needs. Monitoring and reporting can be scheduled to your own timeline, ensuring seamless integration with your business's compliance protocols.
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Total regulatory alignment
Our suspicious activity reports are built to align with the latest fraud prevention standards (including KYC and AML checks), ensuring you avoid costly penalties and meet your legal obligations.
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Advanced accuracy and reliability
We utilise a range of sophisticated algorithms to reduce the risk of missed flags or false positives, ensuring your reporting is always accurate and precise.
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Global data integration
At SmartSearch, our SARs leverage a vast amount of data from numerous sources, backed by the Dow Jones Factiva Watchlist database of over 1,100 global Sanctions and PEP (politically exposed person) lists.
Want to see how it all works? Book a demo today!
There’s a reason over 7,000 clients put their trust in us
We’re more than just an automated platform. SmartSearch will assist you with the design and implementation of a risk-based approach to suit your business. We’ll keep you up to date with ever-changing anti-money laundering regulations, and be your point of contact for any queries.
Serving professional AML regulated industries
Trusted by over 7,000 regulated businesses, SmartSearch's next-generation technology is the UK's leading solution for AML and risk management.
Automated monitoring and reporting in one place
When you sign up with SmartSearch, you’ll get automated monitoring and reporting combined together in one handy package. You can continuously scan for suspicious activity, before instantly generating reports that eliminate the need for manual intervention. Our solution saves your business both time and money by streamlining the monitoring and reporting process, ensuring your company is always compliant with modern AML regulations.
What is a suspicious activity report?
A suspicious activity report (SAR) is an official document that alerts the authorities if illegal activity is suspected, usually covering money laundering, terrorism financing and other types of business fraud. Businesses in the banking, real estate and finance fields are legally bound to file SARs when suspicious or unusual transactions are identified - particularly if these transactions deviate from the typical behaviour of the customer.
Suspicious activity reports play a vital role in compliance with AML regulations, also shielding your business from the consequences of fraud.
Learn more about our AML checks here.
Training provided for your team
At SmartSearch, we can also offer full training for your team, ensuring they understand how to address and mitigate business risks. We offer flexible tailored training packages to educate your staff about the risks of money laundering, red flags and just how important AML compliance is.
Stay up to date with the latest AML regulation changes
If you’d like to keep up to date with the latest AML regulation changes, you can view our insightful blog, providing you with a series of helpful guides that will make incorporating our platform into your company as simple as possible.
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