SmartSearch provides a unique Anti Money Laundering (AML) verification platform delivering AML checks on Individuals and Businesses in both UK and international markets. Around 1,500 global sanction & PEP watch lists are checked on each initial search, daily updates of additions and changes to circa 2.5 million watch list entries drive our client’s customer monitoring service. Quality data is of paramount importance in delivering the most reliable and robust solutions, accordingly, our data partners are; Experian, Equifax, Dow Jones and Companies House deliver our incorporated business data.
Technology is at the heart of our solutions, with fully automated enhanced due diligence handling some 70% of all sanction & PEP alerts. We deliver real-time biography, adverse media and photographic evidence to enable manual enhanced due diligence to be completed within 1 or 2 minutes. All search activity and their outcomes are hosted within SmartSearch so users can recall full information at any time to support internal or regulatory audit requests.
Mobile technology also plays an important part in our solution, we developed Smart AML, a mobile app enabling our clients to use their iPhone or android to perform real-time AML checks on their mobile phones when they are out in the marketplace recruiting customers. An instant result is given with the full data subject’s details and search outcomes are automatically loaded into the SmartSearch platform. We have also developed Smart IDV for our international clients and this mobile app enables individual verification of international documents such as passports, driving licences, identity cards, etc.
With over 3,000 client firms and 35,000 users, including 1 in 4 of the top 200 law firms, 1 in 3 of the top 100 accountancy practices and some of the largest property and financial networks; the SmartSearch solution is rapidly becoming the solution of choice and recognised as the market leader in its field.
Our achievements as a “RegTech” business has been recognised with multiple awards in recent years, the latest of which is the Queens Award for Enterprise in the Innovation category. Our rapid growth as a business has also been recognised by Ward Hadaway and the Yorkshire Post with their recent “Yorkshire Fastest 50” award.