You could ask for documentary ID (identity) - photocopies of passport, driving licence and utility bill for example. However you can't check if the person is politically exposed, is on a sanctions list, or has already died by getting copies of paper documents.
Any checks provided electronically must adhere to the Joint Money Laundering Steering Group (JMLSG) requirements for identity checks. Our report is compliant with their requirements.
Money Laundering Regulations are not designed to be a tick based approach and you should use the report in conjunction with your knowledge of the transactions you are carrying out. Carrying out the personal accounting requirements for a family friend involves potentially less of a money laundering risk than someone buying a house with a deposit in cash, although in either case, if their electronic check fails in any way, you should always carry out further investigations, even if they are a family friend.
We have teamed up with leading data suppliers to provide quick and easy access to identity check reports which complies with the JMLSG requirements (and so is standards compliant for the Law Society) and is based on data from multiple sources.
No ContractsWe appreciate that many customers only have occasional requirements - maybe 10 or 15 times a year as new customers come on board. We hear stories of people paying many hundreds of pounds per year to have access to an identity checking solution and realise they are then paying the equivalent of £30 or more per report because they are not using all their "credits" within the time frame. With us, you just pay for what you use. There is no contract, no minimum requirements. Use us once, once a year or once a week, it's your decision.
- Companies House
- Electoral Roll
- Halo Death Screen
- Bank/credit card address checks
- Telephone directory
- Sanctions lists
- Politically Exposed Persons
- Check Digit verification on Driving licence, National Insurance Number and Passport
You benefit from
- No sign up fees
- No monthly service charges
- No minimum usage
- No cancellation fees
- Just pay for what you use
It all goes to provide a picture of the activities of the person being checked as to whether they have given you correct information and so, whether they require further investigation
Anti Money Laundering ID Checking with no setup fees or minimum usage charges
To carry out these checks you need to be a registered user on our system. Registration is free and provides you with a username and password to log in with.
As part of the registration, you should provide your ICO registration number. We cannot provide the service to anyone not registered with the ICO. Since the General Data Protection Regulation came in in May 2018, being a registered fee payer costs £40 per year with a £5 reduction for direct debit which brings that down to the old price of £35 per year under the Data Protection Act. Once registered (and received a full registration number, not a temporary one), we will check your registration, activate the service on your account and contact you. Once activated, you can use the account as much or as little as you wish. Payment to us is by credit or debit card on a per check basis. If you start to do over 20 every month, we also have a direct debit facility that we can set up to allow you to carry out checks without providing card details.