Blog 

25/10/2022
Can Simplified Due Diligence Be Risky?

What is simplified due diligence? When verifying a customer's identity, it can often be tempting to practice something called simplified due diligence. This is the lowest form of due diligence you can conduct when validating a client's identity. This level of due diligence is usually only appropriate when you know this client presents little to […]

17/10/2022
When Does a Solicitor Check Proof of Funds?

Have you ever purchased a property before and had to hand over months' worth of bank statements? This can sometimes feel intrusive and a breach of privacy. But why do solicitors and conveyancers and others in the financial system ask you to provide this information? And when does a solicitor check proof of funds? Solicitors and […]

04/10/2022
Can A Biometric Facial Recognition App Help Verify Clients?

What is Biometric Facial Recognition? Biometric facial recognition technology is software that scans a person's facial characteristics and then compares that against a scourge image, determining a percentage match. Most commonly, facial recognition is used for authentication and verification of a person's identity through an app.  Biometric recognition software will be able to identify individuals […]

28/09/2022
Can An Expired Passport Be Used As An ID?

Introduction Can an expired passport be used as an ID? The short answer is no; an expired passport or photo ID is officially an invalid form of identification and cannot be used to verify identity when setting up a bank account, taking out a loan, buying a house or getting legal advice, for example. It […]

22/09/2022
AML Checks for Estate Agents

Introduction Anti-money laundering (AML) regulations mean regulated businesses such as estate agents, law firms, and financial institutions, or any business within the financial sector must perform AML checks on new clients. AML checks for estate agents are essential as real estate transactions are a widespread form of money laundering; this puts something called black funds […]

06/09/2022
What Happens If You Have No Photo ID For Solicitor Checks?

Introduction You would have had to prove your identity if you had previously used the services of a regulated business, such as a solicitor, real estate agent or any legal service or practice. This would have been done in the form of you supplying a photo ID like a passport or a driving licence.  But what […]

24/08/2022
Anti-Money Laundering Checks When Buying a House

Buying a first or new property can be an exciting but very stressful time for first-time buyers and homeowners, especially when doing through anti-money laundering checks when buying a house. One of these stresses is the continuous back and forth with estate agents, solicitors and financial institutes, supplying documents and identification such as driver's licence […]

18/08/2022
How To Check If a Passport Is Fake

Introduction Fraudulent and counterfeit documents such as fake Passports and Drivers License can pose a significant risk to the UK and businesses. With an increase of 70% of identified fake passport documents at borders, this still poses a massive problem and begs the question of how to check if a passport is fake. With creating […]

03/08/2022
Defence Against Money Laundering 

Introduction With money laundering becoming a growing threat and criminals becoming more creative with ways to elude detection, how can businesses combat this and have a strong defence against money laundering? You would assume that screening every client and monitoring them long-term would be a time-consuming and complicated task. Well, for those who do it […]

27/07/2022
Law Firm Client Onboarding and the Steps to Success

Law firm client onboarding and the key steps to success is an essential topic to discuss. All law firms must adhere to strict guidelines regarding client onboarding. Many factors include hefty sanctions for any money laundering that isn't flagged and the need to ensure firms know precisely who their clients are.  This article looks at […]

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