AML (Anti-Money Laundering)
ETSOS recommends AML Searches to satisfy the demanding new regulations.
AML Search is not an identity verification system. Anti-Money Laundering compliance requires a much greater depth of information.
AML Search is a complete AML system, utilising best-of-breed data sources for both Personal and Non-Personal (Public, Private, Un-Incorporated Companies, Partnerships and Charity) AML Searches.
The system uses a 'Risk Based Approach' and combines both positive and negative data responses. It also provides real time results & a full audit trail.
It is designed to allow everyone from a small one man firm to a multi-office to be fully compliant with the Money Laundering legislation and guidelines including the 2007 Money Laundering Regulations, JMLSG, Law Society, EU 3MLD, FATF, FSA, IBA, CLC, CML, IFA, ACCA and ICAEW.
The comprehensive range of data sources interrogated includes:
- Sanctions Files
- CIFAS (UK Fraud Prevention Service)
- Electoral Roll
- Bankruptcy
- County Court Judgements
- Deceased check
- Financial Shares Data
- PEP (Politically Exposed Persons List)
- Specially Designated Nationals File
- Financial Times Shares Index
- Optional hard copy documentary evidence (including Passports & Driving Licences)
Most importantly AML Search has been designed to be operated by any user with no requirement for specialist Money Laundering or AML Search training.
