Money Laundering is a global problem which costs the United Kingdom billions of pounds each year, threatens national security and is linked to terrorist financing.** Organisations must ensure they have robust identity verification and name screening controls in place, to actively combat this problem.
Comprehensive anti-money laundering (AML) checks will first verify the identity of individuals executing financial transactions. Subsequently, the AML checks will screen individuals against global watchlists, sanctions lists and politically exposed persons (PEP) databases, to help organisations identify potential risk, streamline operations and comply with legislation. LexisNexis® Risk Solutions provide AML compliance software and customer due diligence (CDD) platforms that combine technology, data and analytics to evaluate risk and facilitate a risk-based approach.
Electronic identity verification and name screening are a key part of any AML KYC checks. Simply supply key personal details and the individual will be screened against a wealth of public, credit derived and risk data, to quickly verify identity, whilst also flagging potential risk.
As part of our anti-money laundering and customer due diligence checks we provide PEP and Sanction screening against comprehensive global watchlists. This will identify politically exposed persons, terrorists, criminals and individuals or organisations that are subject to global sanctions.
Forged documents are becoming more sophisticated. To reduce the risk of a fake document successfully supporting a fraudulent identity claim, we enable you to both validate and authenticate over 3,000 ID documents issued by nearly 200 countries, including the following: