Kangs Solicitors, a leading boutique law firm renowned for its expertise in criminal and civil litigation, is proud to announce its strategic partnership with Verify 365, a cutting-edge technology provider specialising in KYC/AML checks.
In today’s rapidly evolving legal landscape, maintaining the highest standards of compliance and client verification is paramount. As a firm committed to staying at the forefront of legal innovation, Kangs Solicitors recognises the importance of harnessing advanced technology to streamline their client onboarding processes and ensure a robust KYC/AML framework.
The decision to select Verify 365 comes as part of Kangs Solicitors’ ongoing dedication to providing top-notch service and protection for their clients. By collaborating with Verify 365, they gain access to a suite of state-of-the-art tools, including biometric identity verification (DynamicID), address checks, PEPs and sanction checks, source of funds checks, and analytics utilizing Open Banking, eSignatures, and ePayments. Seamlessly integrated into a single, comprehensive platform, Verify 365’s technology empowers Kangs Solicitors to conduct efficient and secure KYC/AML checks, setting new standards for reliability and accuracy.
“Protecting our clients and ensuring a secure and seamless onboarding process is of utmost importance to us,” said Tim Thompson, Partner at Kangs Solicitors. “By joining with Verify 365, we are confident in our ability to meet our KYC/AML compliance obligations while also streamlining our client journey, allowing us to focus more on providing exceptional legal services.”
The partnership with Verify 365 aligns perfectly with Kangs Solicitors’ areas of expertise. As a firm with significant experience in handling criminal fraud investigations and litigation, civil fraud, high-value commercial litigation, regulatory investigations, and asset forfeiture, the need for robust KYC/AML checks becomes paramount. Verify 365’s advanced fraud prevention, identity protection, and risk management tools are invaluable resources for Kangs Solicitors to combat financial crime and maintain the highest level of integrity in their legal practice.
“We are thrilled to be chosen as Kangs Solicitors’ partner for KYC/AML checks,” said Azeem Rashid, Director of Verify 365. “Our technology is designed to cater specifically to the needs of forward-thinking law firms like Kangs, who seek efficiency, security, and compliance without compromise. We are confident that this collaboration will strengthen their client onboarding processes while enabling them to focus on delivering exceptional legal services to their clients.”
Combining digital ID verification with source of funds checks is a game-changer for risk and compliance in law firms, offering a significant advantage in delivering a better client experience, particularly when it comes to speeding up the onboarding process.
Digital ID verification, powered by cutting-edge technologies such as biometric identity verification, enables law firms to validate the identity of their clients quickly and securely. By digitally verifying the identity of clients, law firms can mitigate the risks associated with identity theft, fraudulent activities, and potential money laundering attempts. This robust verification process ensures that the firm is engaging with legitimate clients, safeguarding both the firm’s reputation and its clients’ interests.
When integrated with source of funds checks, firms gain deeper insights into the origin and legitimacy of the funds being used in transactions. This additional layer of due diligence is crucial in identifying potential risks, ensuring compliance with anti-money laundering (AML) regulations, and safeguarding against financial crime.
“The combination of these two powerful tools not only strengthens risk management and compliance efforts but also significantly enhances the client onboarding experience. By streamlining the verification process and reducing the need for manual checks, law firms can expedite onboarding, allowing clients to access legal services more quickly and efficiently. This improved client experience can be a critical competitive advantage for law firms, particularly in industries where time-sensitive matters demand prompt attention” said Rudi Kesic, CEO of Verify 365.
Additionally, a seamless onboarding experience reflects positively on the firm’s reputation, fostering trust and confidence among clients. The convenience of digital verification and source of funds checks portrays the law firm as tech-savvy and client-focused, aligning with modern clients’ expectations for efficient and secure services.
As the legal industry becomes increasingly competitive, combining digital ID verification with source of funds checks is not only a matter of compliance but a strategic move to differentiate law firms from their peers. This technology-driven approach not only ensures a safer and more compliant practice but also positions law firms to deliver exceptional service, retain clients, and attract new business in an increasingly digital world.
With regulatory scrutiny intensifying, the legal industry requires innovative solutions like those offered by Verify 365 to adapt to the evolving landscape effectively. Kangs Solicitors‘ decision to partner with Verify 365 reaffirms their commitment to maintaining the highest ethical standards, safeguarding their clients’ interests, and elevating the legal profession’s standards as a whole.
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