Compliance Solutions

Compliance solutions

Anti-Money Laundering

Meet money laundering regulations with real-time AML Checks

6AMLD Compliance

The Sixth Anti-Money Laundering Directive (6AMLD) came into effect from 3rd December 2020, with an implementation deadline of 3rd June 2021 for regulated entities operating in the EU. 

The 6th Anti Money Laundering Directive aims to empower financial institutions and authorities to do more in the fight against money laundering and terrorism financing by expanding the scope of existing legislation and toughening criminal penalties.

6AMLD

Turn your onboarding and compliance challenges into a competitive advantage

Paperless audit trail

Creditsafe’s online Anti-Money Laundering solution reduces physical storage costs with a paperless audit trail stored in a highly secure environment. Creditsafe stores the paperless audit trail for 5 years to evidence customer’s compliance, whilst protecting their clients' personal data.

Verify a client’s ID instantly

Creditsafe’s AML checks screen against global PEPs and Sanction databases to give customer the highest protection against terrorism funding, fraud and other unlawful financial activity.

Increase revenue & efficiency

Creditsafe's Anti-Money Laundering solutions offer enhanced checks that deliver an answer in seconds to reduce drop-off rates and to keep clients of the customer happy.

Screen against 300+ sources

Creditsafe’s Anti-Money Laundering solution checks instantly cross-reference over 300 data sources to manage and mitigate risk including Credit Data, International PEPs and Sanctions Lists, Passport and European ID Cards, Electoral Roll, plus household and utility bills.

Ensure regulatory compliance

Creditsafe’s Anti-Money Laundering checks meet the standards outlined by the Joint Money Laundering Steering Group (JMLSG) guidance and are fully AML compliant.

Bank data verification

Customers can enrich and enhance KYC checks by verifying customer bank data via UK bank records, with access to more bank information than any other UK provider.

PEP and Sanction Screening

Streamline Politically Exposed Persons (PEPs) and Sanctions compliance

Creditsafe’s instant online checks screen against a multitude of global and domestic databases in one go to protect customer business against the threat of non-compliance, and mitigate the risk of large fines.​

Creditsafe employs robust due diligence measures so customers can make an informed and confident decision on who they do business with.

Creditsafe’s PEPs and Sanction checks enable customers to exhibit strong governance all the while upholding a reputation of integrity and helps combat corruption.

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On-going monitoring of PEPs and Sanctions

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On-going monitoring is a critical component of customer compliance with the 6th Anti-Money Laundering Directive. ​

Maintaining up-to-date compliance checks becomes effortless with Creditsafe’s on-going monitoring feature. Our tool removes the need to manually schedule compliance monitoring updates, allowing customer teams to focus on other priorities.​

Customers can add both individuals and businesses for review at any point, to be screened against the PEPs and Sanction databases on a daily basis. Creditsafe's on-going monitoring will alert customer as soon as there is an update to suggest a change in circumstance, so that customer can make an informed decision on how to proceed.​

Identity & KYC checks

Simplify Customer Due Diligence screening or KYC check with Creditsafe's all-in-one platform

Creditsafe ID Verification enables customers to operate with the knowledge that they are dealing with reputable individuals and adopting a strong approach to risk and fraud prevention.​

Creditsafe ID Verification complies with all standard Know Your Customer (KYC) practices. These can be used by almost any company for general due diligence when verifying new customers, suppliers or employees.​

Creditsafe ID Verification provides a trusted "Pass/Refer" decision in seconds; accelerating customer verification and on-boarding which in turn reduces customer frustration and drop-off rates due to slow and tiresome KYC processes.​

Creditsafe ID Verification accesses multiple different data sources such as PEPs & Sanction lists, however no credit data is searched against, therefore KYC checks do not leave a footprint. ​

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Creditsafe Protect creates trusted relationships whilst ensuring regulatory compliance

An intuitive and modern platform to manage your Customer Due Diligence.

Know Your Customer (KYC) checks are a crucial element of customer due diligence processes and are gaining evermore prominence with increasingly tighter regulation across the EU. ​

Creditsafe Protect enables customers to confidently screen new and existing business relationships to protect their business from the threat of financial crime, fraud, terrorist financing, money laundering and reputational damage, without negatively impacting their customer experience.​

Creditsafe Protect uses the LexisNexis WorldCompliance database, providing over 4.8 million profiles linked to 50 different risk categories to give customers a clear picture of potential third-party risks​.

Tracing & Investigation

Creditsafe Trace helps customers to quickly find a person or debtor that they have lost track of. Utilising a collection of official records and databases, Creditsafe Trace perform a person 'lookup' to identify, investigate and confirm the identities of individuals.​

It’s fast and simple, customer enters the last known details such as a name, address and date of birth and immediately receive a report detailing linked addresses, residency judgement data and deceased details allowing customer to confidently find a person in seconds.​

Creditsafe Trace has different options to use it effectively based on customer use case. With Bulk Trace feature, customers can find multiple people or debtors in one go. And for customers looking for an automated way of tracking down their goneaway clients, powerful Trace API integrates easily with their CRM or Accounting systems.​

Creditsafe assures that any consented data published within Creditsafe Trace has been lawfully obtained and that it conforms to GDPR​

 

6AMLD
Trace Process