TrustID has launched its all-inclusive Know Your Customer (KYC) and Anti-Money Laundering (AML) service aimed at regulated businesses across all sectors and high-value retailers.
TrustID’s new service enables businesses of all sizes to meet the requirements for KYC and AML checks, including ID verification, biometric face matching, address verification, Politically Exposed Person (PEP) and Sanctions screening, and ongoing monitoring through a single service.
The new KYC and AML service is strengthened by TrustID’s unique in-house Document Expert Team. By combining human expertise with leading technology, including remote document uploading, AI face recognition and liveness testing,TrustID can carry out KYC and AML checks remotely.
Tony Machin, CEO at TrustID said:
“Our clients tell us that they are looking for two things. The first is to know that they have taken all reasonable precautions against money laundering and fraud, and the second is to achieve compliance in an effective and efficient way which suits their business processes, no matter how many clients they are onboarding each year. We’ve responded to that feedback, and we now help them achieve that by combining the best of technology and human expertise into our KYC service, which is robust, convenient and extremely fast.”
Tom Branson, Director at Charterbank said:
“KYC checking is fundamental to our ability to lend, and due to our short-term practices, this verification has to be done at pace. We are relatively new clients of TrustID and use several of their systems. We are extremely happy with how they have accommodated us, especially through putting systems in place to help through the pandemic. The knowledge that you can make one phone call and have any issue sorted there and then is hugely beneficial to us, as ID checking has many moving parts.”
