TECHNOLOGY IN YOUR BUSINESS
DON ’ T JUST DO AN ANTI- MONEY-LAUNDERING CHECK , DO A SMARTSEARCH
Did you know , that around 97 % of money laundering is believed to be done through financial institutions . Yet , despite this high percentage , most businesses still rely on physical documents such as driving licences , passports and photographic ID cards to check someone ’ s ID when carrying out manual anti-money-laundering ( AML ) checks . As well as this process being open to human error , it ’ s also inefficient , taking up additional time and money . There ’ s also increased risk in operating in this way as fraudulent ID documents are now so sophisticated that even when businesses have proper procedures in place , if their checks are still predominantly manual , they would quite likely be unable to spot a fake . This is where completing a SmartSearch can save you time , effort and reduce the risk to your business .
What is a SmartSearch ? A SmartSearch enables you to instantly verify a customer , ensuring ongoing compliance with Know Your Client ( KYC ) and AML Customer Due Diligence through SmartSearch ’ s award-winning AML platform that now comes with facial recognition technology . This means you need to only use one piece of technology for all your AML compliance needs .
Key features
• This solution is available to all UK and international clients , individuals and businesses .
• Facial recognition technology enhances your digital identity procedures , whilst offering an efficient way to navigate the evolving AML landscape .
• Full report with a percentage score evaluating whether the image is ‘ the real person ’.
• All performed within a simple yet sophisticated electronic platform .
• Works on mobile devices without the need to download an app .
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