ML Verify makes it easy to see which clients are unverified and what actions need to be taken to validate them. You can import your clients into our platform from a spreadsheet, through the API, or synchronise with a number of 3rd party platforms. You get to decide what documents and queries are requested based on the nature of your business and the individual risk profile of your clients.
Our AML Software has been designed to ensure you stay on top of the Anti Money Laundering regulations while streamlining your processes and reducing costs at the same time.
Create your own KYC queries and document requests that are specific to your business and the associated risk profile of a given client.
Provide a simple and secure custom branded portal for your clients to respond to document requests and queries as part of your KYC compliance and processes.
We provide a simple method to electronically verify your client’s identity using public and private data repositories.
When you create a new client we will automatically check the name against our database of Politically Exposed Persons (PEP) and Sanctioned Targets.
Add an additional layer of security with 2-factor authentication to protect access to your AML Software. Tokens can be generated with apps such as Google Authenticator.
We run a full remote backup of our systems every 15 minutes, so you know your data is protected. Set up your own monthly account backups to safeguard against any errors.
Documenting your staff training is a key requirement under the Money Laundering Regulations. With MLVerify it’s simple to schedule and document all your training events.
Group your clients based on risk and easily identify and respond to incomplete KYC profiles. Pull detailed logs for all your Anti-Money Laundering activities.
19
Sep
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If your business needs to carry out money laundering checks, there are several responsibilities you need to meet. These responsibilities include carrying out customer due diligence, risk assessments, and record keeping. However, knowing which responsibilities your business needs to...
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30
May
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You always need to be on the lookout for money laundering, but do you know what the most common warning signs are?
This list isn’t comprehensive, but it contains four common warning signs you should be aware of.
1. Unusual Clients
You might have some clients that you can’t understand...
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13
Mar
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Around the world, banks and financial institutions are required to comply with a variety of laws and regulations targeting financial crime.
One of these regulations is the Anti-Money Laundering Regulation, which encompasses Know Your Customer (KYC) checks.
KYC checks are in place to...
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24
Feb
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Anti-money laundering (AML) regulations in the UK are designed to prevent money laundering and terrorist financing activities, so they play an important role in fighting crime.
These regulations apply to all financial institutions, including lenders, and require them to implement...
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27
Jan
|
In August 2022, the Register of Overseas Entities (ROE) came into force, created from the Economic Crime (Transparency and Enforcement) Act 2022.
It’s important to understand these changes so they can form part of your due diligence and Anti-Money Laundering checks.
So, do you know...
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