LexisNexis KYC ID
KYC ID allows law firms to quickly conduct anti-money laundering checks on UK individuals and companies online. Checks can be performed when taking on new or renewing existing client relationships. This enables the practice to conform to the proposed new, tighter guidelines on anti-money laundering issued by The Law Society. Taking no action, manual checking or undertaking unreliable broad ‘brushstroke’ searches is no longer a commercially viable option.
With KYC ID you can:
- Access everything you need to accurately verify your client’s true identity, status or credibility all from a single search screen
- Draw information from the broadest, deepest and most up to date UK intelligence available on potential and existing clients alike
- Successfully protect you and your organisation against the increased exposure to reputational, financial and criminal risks associated with the new legislation
- Reduce time and effort needed to undertake due diligence searches via disparate and less watertight alternatives
- Achieve all this with a competitively priced option
that will improve your new account opening process by eliminating
the need for photocopied passports and utility bills
To visit the KYC ID site, click here.
