The criminal liability associated with the avoidance of anti-money laundering compliance cannot be overlooked, whatever the size of your legal practice. A wide range of organisations, including solicitors, must check the identity of customers as part of stringent anti-money laundering legislation.
The UK's stringent Money Laundering Regulations 2007 and Joint Money Laundering Steering Group (JMLSG) guidelines recommend a risk-based approach to money laundering prevention. CNC Searches system is fully compliant with these legal requirements and helps businesses to significantly reduce the cost of compliance, in some cases by up to 95%.
Much more than an identity check
CNC Searches AML is more than an identity verification tool. There are such tools in the market that only provide a basic ID check and these, along with traditional paper methods, do not qualify as Money Laundering checks. Paper processes are often timely, open to potential fraud and don't offer the range of search criteria that a CNC Searches AML presents.
CNC Searches AML is a proven electronic AML customer due diligence system that has been designed to specifically meet this requirement by interrogating a vast database which includes information on 45million UK consumers and over 300 million consumer credit agreement records and independent data sources to enable users to reach a decision instantly, with confidence and certainty.
With CNC Searches you can easily and cost effectively protect your practice and be 100% compliant.
Our system allows users to cross-check personal client details against a range of population data sources, including the Electoral Roll (2001 – 2010), financial data from Equifax, telephone, addresses data, deceased and gone away files, DVLA, Politically Exposed Persons (PEP) intelligence file, the enhanced sanctions register, and also the added functionality of checking international passport databases and the Passport Office.
This enables our clients to make informed business decisions based on a thorough knowledge of consumer identity and behaviour, leading to more effective communication and interaction with the customer.
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For Identity Verifications, Anti-Money Laundering Checks, Credit Checks. Call us Now on: 020 8698 4742
CNC Searches provided a very professional service and at a very good price. I will most certainly be calling on their services again in the near future. It is reassuring to know that I can count on them when needed and cannot recommend them highly enough.
First class service, what I want, when I want it, flexible as I need it.
Manny thanks for this. Your company has been brilliant and so efficient. I will definitely recommend to friends!
Professional services provided in a timely fashion. Good value for money; I definitely recommend CNC Searches for searches.
Fantastic service, a quick turnaround and will definitely be using them again...highly recommended.