What AML KYC checks do firms have to do?

Part One: What AML KYC checks do firms have to do?

Section 5: Meaning of customer due diligence measures

(a) Identifying the customer and verifying the customer’s identity.

(b) Using “documents, data or information.

(c) From “a reliable and independent source.

192’s multiple data sources for electronic evidence of identity

The current and historical Electoral Roll

The Directory Enquiries* database

Companies House Data

Credit Reference Agency Data

Mortality

Passport

Driving Licence

Known Fraudsters& Money Launderers

Terrorist &Sanctions Files

Politically Exposed People (PEPs) Data

Read Part Two of the AML Compliance Guide

*Telephone directory data is sourced from the British Telecommunications plc Wholesale Directory Solutions (BTWDS) OSIS database and i-CD Publishing (UK) Ltd. is licensed by BTWDS to use the data to provide retail directory information services.

192’s Anti Money Laundering Solution

192 have data checks against all these sources built into our solution to help firms conduct robust AML checks and ensure high match rates in the KYC AML process.