Credas Advises About How Identity Verification Can Help With Anti-Money Laundering
Credas work to advise their clients on how identity verification can help with anti-money laundering. According to the ID check company,
businesses in many sectors face compliance pressures from regulatory
authorities, some of which include HMRC, and also the importance of
Anti-Money Laundering policy and procedures.
They
go on to mention further, that how your business manages Anti-Money
Laundering compliance could put you at risk of severe penalties such as
fines, reputational impact, and the most critical of all imprisonment,
for those in a senior position of a company (e.g. executives and
directors).
This is why Credas has stepped in to provide advice on how identity verification can
help with anti-money laundering. They have an ID document and identity
verification solution, which has been developed using next-generation
facial recognition technology. The technology, which allows you to check
identity digitally and enables your business to perform Anti-Money
Laundering checks in real-time and confirms the ID document matches the
individual. It is undoubtedly an advanced identity-checking process for
businesses and companies. Credas have stated that they assure each
business that their confidential information is safe and secure.
If
you would like to get started today, you can go online to their
website, and their page about Anti-money laundering will give you the
chance to click get
started https://www.credas.co.uk/products/anti-money-laundering/.
Credas
do state that the page is for businesses who would like to get started
with a Credas pilot. However, if you’re an individual registering to
verify yourself, you can click on their link to another page. With the
Credas technology that offers identity checks,
you can verify anytime, anywhere and it has a user-friendly Credas
portal and app. It has up 97.7% accuracy with their facial recognition
software and 100% NFC chip reading.
So,
how can Credas help you with Anti-Money Laundering? Well, Credas allows
its clients to perform AML (anti-money laundering) in real-time using
facial recognition. This is an excellent attribute of Credas as this
reduces the complexity and time-consuming nature of the process in
general.
Credas can also help you
with AML by offering their clients comprehensive checks on individuals,
companies, and verify over 4,000 types of identity documents. A
significant amount on offer to their clients as Credas works with many
leading commercial data suppliers.
Furthermore,
Credas gives firms the knowledge on how to manage the complexity of
onboarding and monitoring customers and employees, while also ensuring
that their clients meet the high compliance obligations. Also, Credas
suggest multiple data sources, and this means that they offer
industry-leading accuracy when it comes to identity checks.
Interestingly, it has a lot more on offer than other solutions out there
today.
Credas explain in further
detail about AML and what exactly it is. It is ultimately a collection
of laws, processes, and regulations used to try and prevent the illegal
generation of income. The most crucial aspect of AML is its ability to
target corruption and tax evasion, and even trading with illicit goods
as well as hiding one of these mentioned. Therefore, the AML checks have
enabled broader crime-reducing implications since many criminals
heavily rely on cash.
Contact the
team at Credas today if you require more information about identity
verification and how it can help with anti-money laundering, or if you
have any questions or queries. You can also call 02920102555, or you can
send an email to patricia.deeside@gmail.com
Company Name: Credas
Contact Person: Patricia Deeside
Email: Send Email
Phone: 02920 102555
Address:Pascoe House, 54 Bute Street
City: Cardiff Bay
State: Cardiff CF10 5AF
Country: United Kingdom
Website: https://www.credas.co.uk/
Contact Person: Patricia Deeside
Email: Send Email
Phone: 02920 102555
Address:Pascoe House, 54 Bute Street
City: Cardiff Bay
State: Cardiff CF10 5AF
Country: United Kingdom
Website: https://www.credas.co.uk/
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