Having robust customer due diligence systems in place is essential for any organisation that has anti-money laundering obligations. A fundamental part of the customer due diligence process is the confident identification of the client or beneficial owner.
Traditional methods of conducting identity checks are costly, time consuming and could themselves introduce a security risk in the form of forged documents; this approach to identity verification has now been eclipsed with the introduction of electronic ID checking.
Tracesmart is a market leader in the field of electronic identity verification and provides an adaptable, reliable and user-friendly facility, IDU AML, enabling you to validate identity and demonstrate anti-money laundering compliance.
Developed to ensure anti-money laundering compliance, IDU AML meets the industry standard for electronic identity verification as instructed by the Joint Money Laundering Steering Group (JMLSG). IDU AML fulfills your obligations while delivering a number of other benefits, allowing you to: