SmartSearch has added a new facial recognition feature to its award winning digital anti-money-laundering (AML) platform, providing additional peace of mind to clients requiring visual confirmation of customer ID.
Where there are travel restrictions, prospective customers are unable to present ID documents and proof of address in person. SmartSearch’s electronic verification platform allows clients to perform the Know Your Customer and AML checks in seconds. Screening against global sanctions and politically-exposed persons lists is included, with ongoing daily monitoring.
The process can be carried out remotely, new customers onboarded with minimum fuss. Incorporating facial recognition, SmartSearch also provides visual ID verification.
John Dobson, CEO said, “We are here to make our clients’ lives easier, give them peace of mind, meeting due diligence responsibilities and guarding against unscrupulous criminals. The risk of a firm targeted by money-launderers varies but the impact can be devastating.
“Electronic checks can reveal discrepancies in a client’s personal history and flag it up further action. Facial recognition gives crucial reassurance that the person is on the level.
“With elements of social distancing likely to remain for some time, doing this in person, is no longer possible. Facial recognition means our clients can do everything remotely – protecting their businesses and their staff.”