Category: Online checks
Digital KYC checks combined with human expertise – the best way to protect your business.
Tony Machin
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) […]
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 […]
Right to Work checks in an ever-changing world.
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.
What does 2021 hold?
Sarah Croft
January 20, 2021
It goes without saying that 2020 has presented exceptional challenges. So, in this blog, I speak to our CEO and some of our customers about adapting to the ‘new normal’ of 2020 and what working life is likely to look like in 2021.
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.
How Randstad, the world’s biggest recruiter uses online identity verification to support their applicant on-boarding
Sarah Croft
November 16, 2020
Randstad started in 1960 and have grown to become the world’s largest recruitment and HR services company, active in 38 markets globally. Since 2017, Randstad have been using online identity verification services to help check identity documents from the thousands of applicants that they work with on a daily basis.
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.
Remote identity checks – a new normal for HR teams
Tony Machin
September 3, 2020
As the Covid-19 pandemic hit, we all saw an overnight switch from face-to-face to online. For some organisations, this presented a huge challenge around recruitment and compliance checks and left them facing a seismic shift in their processes. Verifying identity remotely became a new and unique challenge for many recruiters.
