ETSOS announces new anti-money laundering verification service

Print This Post

21 March 2013


ETSOS   the leading provider of searches to the Legal and Conveyancing sector has announced that it has agreed to supply the SmartSearch Electronic Anti-Money Laundering Verification services via the ETSOS platform. ETSOS users will now be able to gain immediate PASS/REFER results for clients without the need for traditional documents such as Passports and Driving licences. The SmartSearch reports will also assist firms in identifying Politically Exposed Persons and name matches on the HM Treasury Sanctions list, ensuring compliance with the Anti-Money laundering Regulations.

SmartSearch is the recognised leader in this field, specialising the professional regulated sector and uses data from a wide range of sources including full Electoral Role, Experian, CCJ’s, BAI, Sanctions, PEP, Deceased data, to allow firms to comply with the Money Laundering Regulations.

The SmartSearch reports are fully integrated into the ETSOS platform and allow firms too quickly and cost effectively verifies their client’s identity, saving time for the firm and also for the client. This is especially true with remote transactions where the cost of registered post or the possibility of losing very important documents can cause harm to the client and also to the firm.

Phil Natusch ETSOS’s Managing Director “with our continued aim to be the leading One Stop Shop for our all client’s requirements the additional of the SmartSearch Electronic Anti-Money Laundering Verification will help our clients speed up the verification process without involvement of the end client”.

Martin Cheek, Managing Director of SmartSearch comments “We are pleased to be working with ETSOS, their philosophy of making life easier by putting everything in one place for their clients matches ours. They have a great reputation in the market place and continue to expand through innovation and the smart use of technology.”

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate

Tags: , ,



Legal Futures Blog

Know your client checks – A lesson from BHS

Paul-Bennett for Legal Futures

As you will be aware, it is a legal requirement for advisory firms to carry out ‘know your client’ checks. The purpose of doing so is to confirm your client’s identity and to seek to provide protection in respect of anti-money laundering (AML) and terrorist financing laws. The BHS experience before the House of Commons’ work and pensions committee and business, innovation and skills committee shows that firms need to think beyond AML obligations.

September 29th, 2016