Those involved in Financial Advice have many Rules & Regulations to comply with depending on the type of advice they give a client these could be FSA guidance, Investment, Protection etc. The Ant-Money Laundering Legislation provides the back drop and starting point in most cases Know Your Customer and Customer Due Diligence will be first on the list when being instructed by a new client.
Financial Advisors need to be acutely aware of the risk presented by the client and the type of transaction or advice to be given. SmartSearch offers a quick and cost effective method of complying with the Legislation meeting the requirements as set out in the Joint Money Laundering Steering Groups Guidance. SmartSearch has the widest range of data sources, and we offer an unique “High Risk Alerts” service so that the Money Laundering Reporting Officer of Compliance Teams can ensure that the right checks are being done and that appropriate Enhanced Due Diligence is undertaken for SDN, PEP’, Terrorists or other high risk category groups.