Anti-money laundering (AML)

Having robust customer due diligence systems in place is essential for any business which has anti-money laundering obligations. A fundamental part of the customer due diligence process is the confident identification of the client or beneficial owner.

Traditional methods used to conduct identity checks are costly, time consuming and could themselves present a security risk in the form of forged documents. Fortunately, these outdated methods of identity verification have now been surpassed by a new breed of ID check – electronic identity verification (e-ID).

Tracesmart is a market leader in the field of e-ID and provides an adaptable, user friendly and reliable tool that enables you to validate identity and demonstrate anti-money laundering compliance; IDU–AML.

AML compliance

Developed to ensure anti-money laundering compliance, IDU–AML meets the standards for electronic identity verification as instructed in the Joint Money Laundering Steering Group (JMLSG) guidance. IDU–AML enables compliance by allowing you to:

• Screen individuals against PEP and Sanction data
• Exhibit good governance with a paperless audit trail
• Identify clients not physically present

Beyond anti-money laundering

In addition to being one of the most comprehensive and powerful AML identity checks on the market and providing your company with a robust anti-money laundering tool, IDU–AML also offers a whole host of additional business benefits:

• Cut the cost of verifying identity
• Provide a seamless client experience
• Reduce administrative overheads
• Conduct business confidently and effectively

Enhance you anti-money laundering checks; contact us today and arrange a free trial of IDU–AML.