ANTI-MONEY LAUNDERING CHECKS
The criminal liability associated with the avoidance of anti-money laundering compliance cannot be overlooked, whatever the size of your legal practice. A wide range of organisations, including solicitors, must check the identity of customers as part of stringent anti-money laundering legislation.
The UK's stringent Money Laundering Regulations 2007 and Joint Money Laundering Steering Group (JMLSG) guidelines recommend a risk-based approach to money laundering prevention. CNC Searches system is fully compliant with these legal requirements and helps businesses to significantly reduce the cost of compliance, in some cases by up to 95%.
We provide our clients with:
- Anti - Money Laundering Checks (in accordance with JMLSG Guidelines)
- Credit Checks / Identity Verification
- Tenancy Reference Checks
Much more than an identity check
CNC Searches AML is more than an identity verification tool. There are such tools in the market that only provide a basic ID check and these, along with traditional paper methods, do not qualify as Money Laundering checks. Paper processes are often timely, open to potential fraud and don't offer the range of search criteria that a CNC Searches AML presents.
CNC Searches AML is a proven electronic AML customer due diligence system that has been designed to specifically meet this requirement by interrogating a vast database which includes information on 45million UK consumers and over 300 million consumer credit agreement records and independent data sources to enable users to reach a decision instantly, with confidence and certainty.
With CNC Searches you can easily and cost effectively protect your practice and be 100% compliant.
Our system allows users to cross-check personal client details against a range of population data sources, including the Electoral Roll (2001 – 2010), financial data from Equifax, telephone, addresses data, deceased and gone away files, DVLA, Politically Exposed Persons (PEP) intelligence file, the enhanced sanctions register, and also the added functionality of checking international passport databases and the Passport Office.
CNC Searches AML will allow you to...
- Comply fully with anti-money laundering legislation
- Obtain an immediate pass or refer result
- Speed up the application process for new clients
- Pay per each check or via a simple 2 weekly billing cycle, ensuring you avoid any large up-front costs that may not reflect your actual usage level
- Benefit from a paperless, secure web based system
- Check your client against Electoral Roll 2001 – 2010 files
- Check the background of your client against OFAC list (US treasury –Office of foreign Assets Control) and PEP (politically exposed persons) and terrorist files
- Set your individual risk search levels for an enhanced risk based approach
- Refer to a full database audit trail of all searches
This enables our clients to make informed business decisions based on a thorough knowledge of consumer identity and behaviour, leading to more effective communication and interaction with the customer.
Protect your practice from the growing cases of money laundering, identity fraud and mortgage fraud.
For more information on our AML checks and ID verification services, please call us today on 020 8698 4742 or email us at info@cncsearches.co.uk
MAKE AN ENQUIRY
Email us on info@cncsearches.co.uk
Call us at 020 8698 4742
Send us a fax on 0844 824 8789
Testimonial
First class service, what I want, when I want it, flexible as I need it.
Posted by Roger Sinclair, Epping, 19 Oct 2011
Payment Method
Our default online payment method is Paypal. If you wish to make payment through Google Checkout, please contact us on 020 8698 4742.
Local Authority Search Agents
Join our UK wide network of search providers. Generate more business with CNC Searches.
To receive instructions from us in the local areas you cover, you can join our preferred nationwide panel -
email us your company details at info@cncsearches.co.uk
Search Accreditation
CNC Searches Ltd is registered with the Property Codes Compliance Board as a subscriber to the SEARCH CODE
CNC Searches Ltd is Registered with the Information Commissioners Office under the Data Protection act as a Data Controller: Registration Number: Z2826366
