- Home
- Compliance
Compliance
AML and compliance
Identity verification, source of funds, corporate due diligence and payment fraud protection — with an audit trail you can produce on a file review.
Regulators do not audit your intentions. They audit your file. These are the products that put the evidence on it.
Compliance products
Where firms get criticised
Identity is the easy part
Supervisory findings cluster around source of funds, not identity verification. The recurring criticism is not that firms collected nothing — it is that the file contains bank statements nobody appears to have read, and no recorded conclusion about what they showed.
Collecting is not verifying. A file that holds documents and no assessment does not evidence compliance.
On every file
- A documented risk assessment for the matter, not just the firm
- Identity verified, with the evidence retained
- Source of funds traced to origin, not to the receiving account
- Gifted deposits — donor identified and their funds understood
- A written conclusion recording what was checked and concluded
Get the evidence onto the file.
Electronic checks in minutes, retained and exportable.
Or call 0151 652 4184 — telephone support seven days a week