PeopleCheck

Compliance/Anti-Money Laundering Check

In business today it is imperative to take a risk-based approach to compliance. Inappropriate or non-existing procedures for customer screening and employee checking have resulted in direct and indirect losses for many organisations. Our Compliance Check offers a cost-effective solution in mitigating regulatory and reputational risk. The check can be conducted on either an individual or a company.

Such checks have become a crucial part of compliance activity and are particularly important in the current 'zero-tolerance regulatory environment.' Failure to conduct proper checks continues to result in high fines and potential criminal charges, not just for the company involved but for the directors and responsible managers.

The Compliance Check involves the following:

  • Verification of identity, address and immigration status
  • Financial check - County Court Judgments, sequestration and bankruptcy
  • Sanction, Watch and Black List checks
  • Politically Exposed Persons (PEP) List checks
  • Specific regulatory checks where required
  • Professional qualification/certification checks where required

We then also conduct a detailed cross referencing exercise of our consolidated enforcement & anti-money laundering data lists.

This is then supported by a worldwide media search.

These searches enable us to identify any 'red flags' that are issued by more than 300 regulators from around the world, including warnings by financial authorities, government enforcement agencies, courts & regulators, in the UK, Europe, North America, the Middle East, Africa, Asia, Latin America, Australia, and also Off-Shore jurisdictions.

The results will clearly indicate whether the person poses a risk to you. This risk will also be qualified as Red, Amber or Green depending on the level of envisaged threat level:

  1. Red High Risk – documentation will be provided to support the grading
  2. Amber Moderate Risk – documentation will be provided to support the grading
  3. Green No Envisaged Risk

Delivery within 48 hours.

Information supplied to and by PeopleCheck is treated with the strictest of confidence. PeopleCheck maintains physical, electronic and procedural safeguards when receiving, communicating, storing & disposing of confidential or sensitive information. PeopleCheck do not use off-shore datacenters or third party hosting services. PeopleCheck processes and safeguards reflect best practices in the maintenance of data integrity, secure communication & the prevention of unauthorized access and use.