Take a look at our latest Blogs
September 23, 2021
Identity document authentication allows your organisation to verify government-issued identity documents to help determine who you are working with, as an important first step to reducing fraud. However, in the online world, when you may not wish to or be able to meet people face to face, how do you ensure that your applicant is […]
September 21, 2021
Regardless of your industry, you shouldn’t see KYC checks as a luxury. Money laundering alone costs the UK more than £100 billion every year, and affects all kinds of companies of all sizes.
September 2, 2021
Art dealers and antique traders, as well as any intermediaries such as galleries and auction houses, who accept or make payments of €10,000 or more must carry out customer due diligence (CDD) to ensure they understand who they are dealing with. AMPs can face significant penalties, including fines or even imprisonment, if they are found to be involved in money laundering activities.
July 19, 2021
Whatever industry you are in, you may well have been presented with an identity document at one point or another; be it for a Right to Work (RTW) check or a Know Your Customer (KYC) check. But how easy is it to spot a fraudulent identity document?
July 16, 2021
The requirement for employers to complete pre-employment right to work checks on all employees in the UK remains. Carrying out checks in line with Home Office requirements gives the employer a statutory excuse to a civil penalty of up to £20,000 per illegal worker.
But how has our departure affected Right to Work (RtW) checks in the UK? Read on for our top tips on things that you need to watch out for since 1st July.
July 5, 2021
In 2020, HMRC issued a record fine of nearly £24 million to a money service business called MT Global for breaching money laundering rules. One of the offences committed was failing to conduct ‘fundamental’ due diligence which involves verifying a customer’s identity and, where appropriate, their line of business.
July 1, 2021
I recently wrote an article which appeared in ‘The Accountant online’ looking how accountants can conveniently comply with Know Your Customer (KYC) and Anti Money Laundering (AML) requirements in a fast-moving business environment. Read on for a summary of the article.
Making robust, consistent identity document checks is a fundamental and critical first step in any Right to Work process – to ensure the person you’re hiring is who they say they are and that they have the correct evidence of their Right to Work in the UK.
June 22, 2021
Could a digital Right to Work (RtW) solution make RtW checks faster, more convenient and more secure? In a recent article in HR Director (published June 2021), I looked at Right to Work (RtW) checks and considered this question. Here are some of my thoughts… Why do we need a digital Right to Work? Under […]
June 14, 2021
What is a digital Know Your Customer (KYC) check and is it important? We are living in a digital age. Smart phones, smart speakers and connected devices are everywhere, and connected to all aspects of our lives. So, if you are working in a profession that requires you to comply with UK anti-money laundering (AML) […]