Anti Money Laundering

TM provides you with choice integrated AML searches, which combine both positive and negative data responses.

The three searches now available are outlined below:

• Personal AML
  Fully compliant risk-based solution applies advanced data analytics against customer information to verify identity and filter against watch lists.
• ID Check
  Checks the client details and returns an instant result that indicates where the data provided matches or is missing from the databases available.
• International Personal AML
  Verifies the identity of foreign clients from over 150 countries. Fully compliant solution uses positive and negative checks against customer information to verify identity and filter against international databases.

AML Searches are designed to allow everyone from a small one man firm to a multi-office to be fully compliant with the Money Laundering legislation and guidelines including the 2007 Money Laundering Regulations, JMLSG, Law Society, EU 3MLD, FATF, FSA, IBA, CLC, CML, IFA, ACCA and ICAEW.

They have been designed to be operated by any user with no requirement for specialist Money Laundering or AML Search training. With no minimum order, real time results and an automatic audit trail, anyone in your firm can use the system to carry out checks on any individual or company at any time.

Designed for organisations of all sizes, AML Searches simplifies and automates the critical task of Customer Due Diligence (CDD) using a risk-based approach. The solution applies advanced data analytics against customer information to verify identity and filter against a comprehensive range of watch lists.

Why use TM’s integrated AML Search solution?

• The system is very simple and user friendly so little or no training is required
• It is integrated into TM so there is minimal data inputting
• You get real-time results
• Your firm can maintain a Centralised Risk Based approach to Customer Due Diligence
• You get an Automatic Risk assessment
• The risk based approach means you can focus on only higher-risk events, rather than investigating numerous simple alerts
• It is a flexible system that you can easily adapt to your changing requirements
• You can improve the efficiency and effectiveness of your due diligence processes
• All the information is automatically archived alongside the case details

Data sources include;

• Sanctions Files
• CIFAS (UK Fraud Prevention Service)
• Electoral Roll
• Bankruptcy
• County Court Judgements
• Deceased check
• Financial Shares Data
• PEP (Politically Exposed Persons List)
• Specially Designated Nationals File
• Financial Times Shares Index
• Hard copy documentary evidence (including Passports & Driving Licenses)