We are delighted to let you know that Geodesys now offers Non-Personal Anti-Money Laundering Search, allowing you to verify your business clients quickly and easily.
Current AML legislation states that any transaction of value (over 10,000 euros) carried out on behalf of a company needs to be checked using an electronic anti-money laundering search the same way you would check a private individual.
Our anti-money laundering solution checks numerous data sets to ensure you are compliant with the European Union's Fourth Money Laundering Directive. Features include:
- whether the company is listed on any sanctions lists
- company ID checks to prove the company's existence
- ongoing alerts if the company is found non-compliant
- downloadable compliance reports supporting record-keeping requirements.
There are two levels of search to choose from, according to your risk assessment policy. A simplified Non-Personal AML Search is available at £3 (inc VAT) and an enhanced AML is available at £6 (inc VAT).
For further information please speak to your Customer Account Executive or contact our Customer Services team on 0800 085 8050 or Customer.Services@geodesys.com.