Anti Money Laundering

TM provides you with an integrated AML search which uses a 'Risk Based Approach' and combines both positive and negative data responses.

The system is 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.

AML Search has been designed to be operated by any user with no requirement for specialist Money Laundering or AML Search training. With no minimum order and 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 Search 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)

Personal AML Search data is provided by CallML from Callcredit. Callcredit has been at the forefront of establishing electronic solutions as the most comprehensive and secure way of establishing identity.