Category: Fraud prevention
Keeping up with the big players – how IFAs can manage KYC compliance with limited resources
Tony Machin
June 8, 2021
As an Independent Financial Advisor, you’re legally required to perform Know Your Customer (KYC) checks as part of Anti-Money Laundering (AML) compliance. But, even without the legal imperative, there are compelling reasons to follow due diligence. Properly conducted KYC checks can not only guard against money laundering, but also prevent corruption and fraud. All these […]
Surge in demand for Right to Work checks confirms upturn in job market
Sarah Croft
June 2, 2021
Over the last few months, we’ve seen a huge spike in demand for Right to Work (RtW) checks – signalling a dramatic upturn in the job market. Compared to January 2021, demand was up by 65% in February, 190% in March, and over 600% in April – with over seven times the number of requests […]
Latest whitepaper by the Association of Document Validation Professionals (ADVP)
Tony Machin
February 16, 2021
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.
Facial recognition software and passive liveness in identity verification
David Park
June 3, 2020
From May 2020, the TrustID Cloud service includes a facial recognition and liveness test option. But how can facial recognition support identity validation? We’ve created this overview of the service to help you find out more about what it means and how it could help your organisation with on-boarding.
Online Right to Work checks within TrustID
David Park
April 9, 2020
We are pleased to announce that we’ve incorporated the Home Office online Right to Work checking service into the TrustID validation services. This offers a unique ‘all in one’ solution for checking all employees, regardless of whether they present an identity document or a share code to prove their Right to Work.
A summary of fake identity documents and trends in 2019 – Right to Work checks
Tony Machin
January 27, 2020
In 2019, the number of organisations relying on our checking services continued to grow significantly, across both the public and private sectors. As the number of checks has gone up, so has the number of fake documents identified: we broke a new record for fake documents last year!
Pre-employment checks. Why? How? Which ones? Watch our webinar
Sarah Croft
November 21, 2019
There are some pre-employment checks which you’re required to make and some which you may choose to make for your own peace of mind or depending on the role! So why are these checks so important and which ones should you include?
Recruiting extra staff for Christmas? Don’t forget Right to Work checks
Tony Machin
November 5, 2019
For many businesses, from restaurants to retailers, so has the drive to bring on additional staff to cope with the seasonal rush. Commercial pressures during busy hiring periods may make it tempting to cut corners but whether you’re hiring a few people or many thousands, you still need to ensure that all potential employees are eligible to work in the UK.
Identity fraud in SMEs: take early action to protect your business
Tony Machin
October 10, 2019
Whilst financial fraud is a risk to every business of any size, SMEs certainly shouldn’t believe it won’t happen to them just because they are employing fewer staff or working within a smaller network. Identity fraud amongst employees presents a very real risk to SMEs. In fact, according to ActionFraud, 1 in 5 small businesses have been defrauded by an employee.
Making checks on a passport to confirm identity
Tony Machin
June 17, 2019
In this era of increased compliance, rising cases of fraud and significant penalties for those who get it wrong, carrying out robust checks on identity documents has never been more important. And no other document carries more weight in establishing a person’s identity than a passport.
