Credas work to advise their clients on how to identify verification can help with anti-money laundering. According to the ID check company, businesses in many sectors face compliance pressures from regulatory authorities, some of which include HMRC, and also the importance of Anti-Money Laundering policy and procedures.

They go on to mention further, that how your business manages Anti-Money Laundering compliance could put you at risk of severe penalties such as fines, reputational impact, and the most critical of all imprisonment, for those in a senior position of a company (e.g. executives and directors).

This is why Credas has stepped in to provide advice on how to identify verification can help with anti-money laundering. They have an ID document and identify verification solution, which has been developed using next-generation facial recognition technology. The technology, which allows you to check identity digitally and enables your business to perform Anti-Money Laundering checks in real-time and confirms the ID document matches the individual. It is undoubtedly an advanced identity-checking process for businesses and companies. Credas have stated that they assure each business that their confidential information is safe and secure.

If you would like to get started today, you can go online to their website, and their page about Anti-money laundering will give you the chance to click get started

Credas do state that the page is for businesses who would like to get started with a Credas pilot. However, if you’re an individual registering to verify yourself, you can click on their link to another page. With the Credas technology that offers identity checks, you can verify anytime, anywhere and it has a user-friendly Credas portal and app. It has up 97.7% accuracy with their facial recognition software and 100% NFC chip reading.

So, how can Credas help you with Anti-Money Laundering? Well, Credas allows its clients to perform AML (anti-money laundering) in real-time using facial recognition. This is an excellent attribute of Credas as this reduces the complexity and time-consuming nature of the process in general.

Credas can also help you with AML by offering their clients comprehensive checks on individuals, companies, and verify over 4,000 types of identity documents. A significant amount on offer to their clients as Credas works with many leading commercial data suppliers.

Furthermore, Credas gives firms the knowledge on how to manage the complexity of onboarding and monitoring customers and employees, while also ensuring that their clients meet the high compliance obligations. Also, Credas suggest multiple data sources, and this means that they offer industry-leading accuracy when it comes to identity checks. Interestingly, it has a lot more on offer than other solutions out there today.

Credas explain in further detail about AML and what exactly it is. It is ultimately a collection of laws, processes, and regulations used to try and prevent the illegal generation of income. The most crucial aspect of AML is its ability to target corruption and tax evasion, and even trading with illicit goods as well as hiding one of these mentioned. Therefore, the AML checks have enabled broader crime-reducing implications since many criminals heavily rely on cash.

Contact the team at Credas today if you require more information about identify verification and how it can help with anti-money laundering, or if you have any questions or queries. You can also call 02920102555, or you can send an email to [email protected].


About Credas

Our vision is to fundamentally transform and revolutionise the way businesses manage their compliance and due diligence processes. Businesses across multiple markets and sectors face compliance pressure from regulatory authorities.

Contact Credas
Pascoe House, 54 Bute Street
Cardiff Bay
Cardiff CF10 5AF
United Kingdom
02920 480720