Global Anti-Money Laundering legislation (AML) imposes a direct obligation on regulated sectors to report any suspected money laundering activity. Carrying out Anti-money Laundering (AML) checks is often perceived as confusing, time-consuming and costly. The requirement for businesses to be able to highlight a greater degree of association and coverage with individuals identified as 'politically exposed' makes the process even more cumbersome. Businesses require sophisticated solutions to optimise identity verification processes.
So how do you ensure that you meet all your KYC and AML requirements in an increasingly virtual business world and that you ensure that a potentially profitable customer relationship is not tainted by an apparent initial assumption that the customer is a criminal?
GB Group's ID3global has helped businesses significantly reduce the cost of AML compliance. Regardless of where your business operates, ID3global offers a compliant solutions that map onto your business' own risk strategy to identify potential money launderers or other financial criminals.
"The fraudulent documents we receive today are so sophisticated that it is virtually impossible for staff to distinguish them from the genuine article. That's why the market needs solutions like ID3global.... For Cattles plc, ID3global represents confidence - in our processes, our people and our customers."
Reputational Risk Manager, Cattles Group plc
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View the products for AML compliance