Validient is a digital client onboarding system for law firms, solicitors and all regulated businesses that automates the Know-Your-Customer and Anti-Money-Laundering processes for customer identification, screening and monitoring for regulatory compliance. A unique assessment solution for preventing money laundering and fraud using automated identity verification by performing enhanced due diligence.

Assess the authenticity of official identity documents submitted by clients using Validient's automated identity verification checks.

Checks for Politically Exposed Persons (PEPs) and underlying sanctions and terrorism screening are performed.

Address verifications, facial likeness and Companies House checks are completed for additional security.

AML checks play a critical role in meeting the essential regulatory requirement to undertake ongoing client due diligence. Validient performs automated AML checks to know your clients and customers are who they say they are. Verifying background checks ensures a trusted understanding of any risks associated with doing
business together.

AML checks are integral to the best practice of knowing your customer. KYC shouldn't just act at the start of a relationship, so Validient takes a proactive approach to AML compliance by using tools to monitor customer behaviour continuously. Should any abnormal patterns be identified, additional money laundering checks would be necessary to determine whether the behaviour indicates financial crime.

During the client onboarding process, Validient's AML processes are essential for ensuring regulated businesses have the controls, processes and intelligence to identify and protect against the potential risk of money laundering. 

Client screening, transaction assessments and transaction monitoring are all AML systems that have an important role in helping to establish when AML checks need to be run in line with the circumstances outlined above. 

Effective client screening, transaction screening and transaction monitoring processes will provide an accurate understanding of the risk and in turn, the level and intensity of the anti-money laundering checks each customer and transaction requires.