Category: Fraud prevention
Five ways Identity Service Providers (IDSPs) can help Right to Rent checks
Sarah Croft
March 10, 2022
If you work in the lettings industry or are a private landlord, you will be aware that you are required to check all your adult tenants have the legal Right to Rent in the UK. Even if you already have processes in place, making high volumes of visual checks or managing remote checks may be a challenge.
Recent trends in fake identity documents: what happened in 2021?
Christie Lewis
March 8, 2022
At TrustID, we constantly monitor and record the number and type of fake identity documents we detect across different industries. This helps us to see what types of documents we need to particularly keep our eye on, which sectors are most at risk, and more.
Good Practice Guide 45 (GPG 45) and its role in supporting digital identity check standards
Tony Machin
December 14, 2021
In the past few years, we’ve seen a growing shift from manual to digital ID checks, accelerated by an increasingly remote working world – think remote identity checking for Right to Work and DBS, for example. However, without a standard in digital ID, it’s been down to individual firms to determine whether the tools and methods they choose are sufficient to protect their business, customers and users from fraud.
Why remote identity verification helps more than just compliance
Tony Machin
November 10, 2021
The past two years have taught us that it is possible for many of us to work efficiently with reduced personal contact. Identity checking – a vital component of Right to Work (RtW) and Anti-money-laundering (AML) compliance – is one of many tasks we have learned to perform remotely.
Address verification what, why and how does it work?
David Park
November 4, 2021
Did you know that you can now add address verification as an option to our online verification service? But how can address verification support your customer onboarding?
What’s it worth? Exploring the real value of Know Your Customer checks
Tony Machin
October 27, 2021
KYC checks help businesses to distinguish between favourable and unfavourable clients. They are a legal requirement for organisations covered by Anti Money Laundering (AML) legislation but can also provide additional safety and assurance for any company working with new clients.
Passive liveness: what, why and how does it work?
David Park
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 […]
How improving KYC processes can help you to gain more business
Tony Machin
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.
Managing AML compliance in uncertain times
Tony Machin
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.
Right to Work checks – What they mean and how automation can help
Christie Lewis
July 1, 2021
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.
