What we do

AML Compliance

Meeting money laundering compliance requirements across the globe

Organisations often grapple with how to ensure that a potentially profitable customer relationship is not tainted by an apparent initial assumption that the customer is a criminal. The UK's stringent ML guidelines recommend a risk-based approach to money laundering prevention.

GB's solutions for identity verification have helped businesses significantly reduce the cost of compliance and fight the growing menace of identity theft.

Regardless of where your business operates, GB's ID verification services, URU and ID3 Check, offer compliant solutions to identify money launderers or other forms of financial criminals and prevent gain through identity theft.

Risk-Based Anti-Money Laundering (AML) Solutions

But how do you ensure that a potentially profitable customer relationship is not tainted by an apparent initial assumption that the customer is a criminal? The UK's stringent Money Laundering (ML) guidelines recommend a risk-based approach to money laundering prevention. The majority of customers are not terrorists or drug dealers - so don't treat them as such!!

With GB solutions you can define business rules that allow you to assign higher degrees of risk to certain customer groups, channels or products. So, if you know the SE of England to be a high fraud risk area, you can treat new applicants from that region differently to those from other parts of the country.

To read more on how to reduce of AML compliance with GB solutions please click here.

Transparency Across the Process

The transparency of GB Group's solutions protect clients against potential breaches of ML regulations. More banks were fined last year by the Financial Services Authority (FSA) for failing to PROVE what checks they had carried out, rather than for not doing the checks in the first place.

With an online Audit Trail sitting behind all our AML solutions, you have instant access to a record of all checks carried out as part of your compliance procedures.

"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 URU.... For Cattles plc, URU represents confidence - in our processes, our people and our customers."
Reputational Risk Manager, Cattles Group plc