Veriphy, the fast-growing provider of a unique online platform for identity and property checks, has launched a comprehensive solution suite to ensure compliance with the new Money Laundering Regulations.
The service has been set up in partnership with the forensic fraud team at Tait Walker, the well-established firm of chartered accountants, and is designed to assist all those covered by the new regulations, including solicitors, estate agents, brokers, IFAs, accountants and those in the recruitment industry.
The regulations demand that compliant money laundering checks are undertaken, that an appropriate Money Laundering Policy is in place, and that records of money laundering checks are retained for 5 years. They also require that all relevant staff must be trained as to their responsibilities under the Regulations.
Veriphy now offer a suite of services to help fulfil these obligations. In addition to powerful but easy-to-use money laundering checks, Veriphy now provide bespoke Money Laundering Policies, together with full training courses for money laundering reporting officers and all members of staff. The courses are held either at a company's own premises or at convenient locations nationwide.
George Stark, managing director of Veriphy said: "Veriphy's philosophy is to help people sleep at night, knowing that they fully comply with the regulations. One call to us means that firms will be able to achieve compliance as quickly and easily as possible, at minimal cost. I'm glad to say that our service is proving very popular, and we look forward to assisting many more firms across the UK."
Veriphy was established in 2007 and aims to streamline the lending process and combat fraud by providing an online platform through which a range of identity, financial and property checks can be performed securely, swiftly and cheaply.