Author: Tony Machin

Online KYC checks help estate agents battle rising fraud in challenging times

Tony Machin

May 3, 2021

If you’re an estate agent supervised by HMRC for anti-money laundering purposes, you will need to meet the approval requirements and perform robust Know Your Customer checks (KYC) as part of your Anti-Money Laundering (AML) compliance. But the steady rise in property fraud over recent years, combined with a noticeable spike in cases during the […]

Right to Work checks in an ever-changing world. How can you protect your business?

Tony Machin

March 10, 2021

For most ‘office-based’ employers, the last year has brought many unique challenges and has meant rapidly adapting to a new world of compliance with remote working and legislative uncertainty. But, as has been said, ‘adversity breeds creativity’. New and innovative technology, designed to overcome the problems of remote recruitment, can bring advantages to employers and help smooth uncertainty over post-Brexit employment checks.

How can online KYC checks help smaller businesses?

Tony Machin

March 8, 2021

With identity and financial fraud risks growing in an increasingly online, remote world, no business is safe from financial fraud. A recent poll from major accountancy firm BDO found that six in ten mid-sized businesses in the UK were hit by fraud in 2020, with an average loss totalling £245,000.

Fake identity document statistics – how the landscape changed in 2020

Tony Machin

February 16, 2021

As you may know, at TrustID we are constantly monitoring data gathered across our customer base, to help guard against the ever-present risk of identity fraud and spot any relevant trends. In this blog, we analyse the data we collected in 2020.

Latest whitepaper by the Association of Document Validation Professionals

Tony Machin

The ADVP is a trade body, founded in 2018, representing UK-based companies involved in the electronic validation of identity documents. This blog offers a brief insight into the latest ADVP white paper and highlights the importance of intelligence sharing, as mentioned in the paper.

New immigration rules – what do they mean for your Brexit Right to Work checks?

Tony Machin

January 21, 2021

As of 11pm on 31st December 2020, free movement for European nationals has come to an end and the UK government has implemented new policies regarding their Right to Work in the UK. But what does that really mean for your Right to Work check processes?

A guide to identity verification

Tony Machin

December 23, 2020

Identity verification is a process which helps to ensure that an individual is who they say they are. Organisations of all sizes verify the identity of their customers, employees, and users to protect themselves from fraud, create trust and comply with local legislative requirements.

Industry-leading identity verification now available for KYC checks

Tony Machin

November 30, 2020

We are delighted to announce the launch of our new KYC check service! We’ve added PEPs & Sanctions and address verification checks to our identity verification services to provide an all-in-one service to support your AML compliance.

Putting identity document checks at the heart of your KYC checks

Tony Machin

November 10, 2020

A KYC check is a mandatory process for regulated business to identify their customers and gather knowledge of their background as part of Anti-Money Laundering compliance. Effective KYC checks rely on proving that customers are who they say they are. The most important first step in this process is the verification of a government issued identity document.

3 reasons to review your compliance processes

Tony Machin

October 15, 2020

In our new working environment, updating your internal compliance processes around identity checks for customers, staff or tenants may not feel like a high priority.  But many experts are talking about a new world of fraud and dishonesty, fuelled by the crisis. Find out more in this blog.

What being ISO27001 certified means

Our IS27001 accredited certification lets you know that we follow information security best practice, helping to eliminate or minimise the risk of a security breach, keep information secure and ensure compliance with data protection regulations.

ISO logo