REAL-TIME AML CHECKS
Meet Your Anti-Money Laundering Obligations and easily complete Customer Due Diligence
Businesses across numerous sectors face compliance pressures from regulatory authorities, such as HMRC and the SRA to battle money-laundering in the UK. The importance of having robust Anti-Money Laundering policies and procedures in place has never been more critical.
MANAGE YOUR ANTI-MONEY LAUNDERING PROCESS
Failure to manage and demonstrate robust Anti-Money Laundering compliance could potentially result in severe penalties, including fines, reputational damage and even imprisonment for senior management, company executives or directors.
Our technology enables your business to perform Anti-Money Laundering checks in real-time and confirms the ID document matches the individual.
The Credas ID document and identity verification solution has been developed using next-generation facial recognition technology.
Credas also gives your business a clear audit trail and assurance that your confidential information is safe and secure.
- Liveness Detection
- Identity Document Authentication
- Name, Address and Date of Birth Authentication
- Credit Header, Electoral Register Mortality
- International Sanctions and Politically Exposed Persons (PEP’s)
- Ultimate Beneficial Ownership (UBO)
- Proof of Ownership
- Credit Status
- Bank Account
- RFID Passport Chip Reading (NFC)
How Can Credas Help Your Anti-Money Laundering Efforts?
Credas helps clients perform AML checks in real-time using cutting-edge facial recognition – reducing complex, time-consuming, resource-intensive and often expensive processes.
By working with a wide range of leading commercial data suppliers, Credas offers comprehensive checks on individuals and can verify against over 4,000 different types of identity documents from around the world.
Credas enables firms to manage the complexity of onboarding and monitoring customers and employees while ensuring our clients meet their compliance obligations.
By accessing multiple data sources Credas can offer industry leading accuracy and wide customer coverage for identity and AML checks.
A simple, slick and smart identity verification solution.
WHAT IS ANTI-MONEY LAUNDERING IN SIMPLE TERMS?
In the most general sense, Anti-Money Laundering (AML) is the blanket term describing the collection of laws, processes, and regulations used to prevent the illegal generation of income.
AML targets a wide range of activities, from corruption and tax evasion to manipulating the market and trading with illicit goods, as well as efforts to hide any of these activities.
Since the majority of criminals and terrorists rely heavily on a cash flow of laundered money for their illegal activities, having the appropriate AML checks in place has broader crime-reducing implications.