A critical requirement of the latest Anti-Money Laundering regulations is to confirm that a new or existing customer is who they say they are, a process known as CDD (Customer Due Diligence) - this applies to both individuals and organisations.
Having this information and making use of it underpins all Anti-Money Laundering procedures and is the most effective weapon against your company being used to launder the proceeds of crime. In addition to minimising the risk of being used for illicit activities, it provides protection against fraud, enables suspicious activity to be recognised, and protects individual firms from reputational and financial risks.
AML Search is a complete AML system, that interrogates a wide range of best-of-breed data sources for both Personal and Non-Personal AML searches including Public, Private and Un-incpororated Companies, Partnerships and Charities.
The system uses a 'Risk Based Approach' in line with the 2007 Money Laundering guidelines and both positive and negative data responses to enable users to reach an instant decision, with confidence and clarity.
It is designed to allow everyone from a small one man firm to a multi-office organisation to conform with the Money Laundering legislation including the 2007 Money Laundering Regulations and EU 3MLD in addition AML Search is also compliant with JMLSG, Law Society, FATF, FSA, IBA, CLC, CML, IFA, ACCA and ICAEW guidelines.
Most importantly AML Search has been designed to be operated by any user with no requirement for specialist Money Laundering or AML Search training.
AML Search Introduction
AML Search is a Searches Group product, copyright 2007
