With criminals finding more inventive ways to assume another person’s identity, are you confident that your identity check procedures are robust enough to protect your company? Manual identity checks are not enough, with forged documents becoming harder to spot and many more remote dealings taking place.
However, a new sophisticated generation of identity checks has emerged, allowing you to “Know Your Customer” instantly. Electronic identity checks are being adopted by many companies and ID from Tracesmart Corporate is one of the most powerful electronic identity check solutions in the UK.
UK Identity Checks
Year on year, identity fraud continues to grow; stringent identity checks should be used by any company which could be at risk.
“Cardholder not present” (CNP) fraud is the largest fraud type in the UK, occurring when transactions take place via phone, mail or internet. It is essential that retailers have robust identity checks in place to protect their brand, the consumer and ultimately their bottom line.
Companies within the finance sector are subject to anti-money laundering regulations. Identity checks are an essential part of due diligence processes, but with traditional identity checking methods being costly and time consuming, more firms are turning to instant and cost-effective electronic identity verification.
Solicitors also have obligations to comply with anti-money laundering regulations and, along with their staff, are obliged to report any suspicious activities. Identity checking clients provides them with the confidence that they are dealing with legitimate persons.
Identity Check Solution
Tracesmart Corporate’s identity checking tool, ID, allows you to conduct comprehensive electronic identity checks and is fully compliant with JMLSG guidelines. Trial the system for free - contact Tracesmart Corporate today.
