Anti-money laundering (AML) and digital compliance software provider SmartSearch has partnered with LSEG Risk Intelligence.
SmartSearch’s platform now has access to LSEG’s data source of more than 40 countries to further enhance its AML and digital compliance solutions – including its ability to provide instant verification of international individuals.
The data allows SmartSearch’s digital compliance technology to verify an individual’s identity against LSEG’s reference data from governments, credit companies, telecoms, and utility sources.
Fraser Mitchell, technical director at SmartSearch, said: “Individuals who reside internationally are often perceived as higher risk, and yet regularly have the weakest level of verification.
“We have partnered with LSEG because they provide the highest quality of local global data, sourced from their extensive data provider network, delivering fully comprehensive data coverage worldwide.
“They have industry-leading individual identity match rates and an unmatched, in-depth understanding of the data from a local perspective.
“This is an exciting development for us and our clients – our horizons are widening as our business expands.”
SmartSearch’s digital compliance solution combines electronic verification (EV) with sanction screening, source of funds and real-time monitoring to complete detailed customer checks.
This enables regulated firms to comply with AML regulations and fulfil Customer Due Diligence and Know Your Customer (KYC) requirements.
