There are three new Tracker upgrades this month, including an important new standalone 'customer search' tool to assist with money laundering compliance. Please contact the Tracker support to find out more about these benefits:
+44 (0) 207 448 7725
Improved accuracy - via CCJ matching
Our new CCJ feed gives refined matches against unincorporated entities, increasing the accuracy of information. This is part of our ongoing program to provide the best available data in Tracker. You will benefit from this upgrade automatically on all future searches, with matching against both limited and unincorporated entities.
Expanded information: 'People with Significant Control' (PSC)
A new PSC tab will now give you access to a feed that goes beyond Director information. Tracker will show you associated PSC details, including nature of control.
Reducing risk: the ‘customer search’ tool
A BETA version of our new 'customer search' feature is now available to support you with customer diligence searches - and development is continuing in line with money laundering regulations and user feedback. This tool was developed to meet the standards for electronic verification as set out in the Joint Money Laundering Steering Group (JMLSG) guidance.
The tool’s features will help you to comply and reduce risk:
- Verifying client/beneficial owner identity immediately
- Providing a detailed report for risk assessment
- Flagging Politically Exposed Persons (PEPs)
- Flagging individuals listed on the CIFAS fraud database
- Identifying insolvent individuals
- Performing document verification
- Screening against domestic and international datasets
- Highlighting those subject to sanctions.
'Customer search' is a standalone optional feature, so there will be no impact on your existing Tracker system. To find out more about using this BETA tool, please contact one of the team.