Money Laundering & AMLThe government has placed the onus on you to verify your clients which means that you need a simple & low cost authentication method that ensures that you comply with the relevant regulations
Anti Money LaunderingRentchecks offer an Anti Money Laundering (AML) search which keeps you compliant & verifies that your client is who they say that they are. Our AML includes PEP (Politically Exposed Person) checks, UK & International Sanctions checks & ID authentication. In addition our free online DataSafe facility securely stores a copy of your client's identification & any associated documents for as long as you need them which guarantees compliance with GDPR & Data Protection regulations.
To get started simply login to your usual account & select the 'Upload Documents' option from your dashboard. You will see an AML option within the dropdown list. Once selected, you can upload a copy of your client's identification document & add their current address & date of birth. We will run an AML check & return the results via email within one hour.
E VerificationDue to the quality & sophistication of fraudulent identity documentation it is advisable to use an Electronic Verification solution to authenticate & validate all documentation. This method of authentication also ensures that you comply with governement regulations such as The Fifth Money Laundering Directive (effective from January 10th 2020).
The process is low cost & simple via your dashboard page. Once logged in you can select the 'Upload Documents' option & upload a copy of your client's identification document. We will validate the document & return confirmation within one hour. This service covers you & ensures compliance with KYC & associated regulations.
A copy of the ID & the authentication certificate will be stored within your personal secure DataSafe which means that you no longer have to worry about secure document storage or potential GDPR breaches.
Know Your Client (KYC)As a business it is your responsibility to verify the identity of your clients and to assess their suitability, along with the potential risks of potential illegal intentions towards the business relationship
Rentchecks understands the implications & complexity of this task & has a simple solution to ensure that your business stays both compliant & alert to high risk clients.
Our Anti Money Laundering search includes Electronic Verification of identity documentation & AML authentication which verifies your client's politcal exposure risk (PEP), UK & International sanctions in addition to identity & financial fraud risk. Our KYC solution guarantees that your organisation stays compliant with The Fifth Money Laundering Directive (5AMLD) & government best practice advise.
Add On Solutions
Users requiring a swift assessment of a prospective tenant can obtain an Express Report by submitting the applicant's details online or via fax.
The Express Report can be delivered via E-mail or fax within 2 hours (When submitted Mon-Fri 0900-1700). This Report includes a 6 year credit history report detailing CCJs, defaults, bankruptcies, adverse data and final score. Please note that references or referees are not verified within this Report. If full referencing is required, an Advanced Report should be ordered.