AML checks for commercial client onboarding
Fast paced, high net-worth complex transactions require vast amounts of due diligence, encompassing many tasks which need to be carried out. Whether dealing with large public bodies or private trusts and corporations, commercial law firms need to ensure they deliver the highest quality of service, and consistently.
Dealing with enterprises and large institutions requires commercial lawyers to authorise, send and receive large funds, and ensuring they understand where this money is coming from, and what the purpose of this transaction is, is of paramount importance.
Reducing risk is a key challenge for commercial lawyers and the legal sector has traditionally been slower to adopt technology to help prevent fraud. This leads to a stagnant, manual approach that leaves many departments and practices at risk of laundering ‘dirty’ money.
That’s why we within our platform, we have created the perfect solution for commercial lawyers and their client onboarding requirements.
As the first and only legal specialist software in the world, we can verify your client’s biometrics, check their address, ensure they are not on any PEPs or sanctions lists, and help your legal team avoid impersonation and ID theft. Our KYB checks can verify the ultimate beneficial owners and the officers of companies across the world.
Through our use of advanced verification technology and our extensive legal form library, lawyers and law firms using our client onboarding solution can save vast amounts of time when compared to a manual process.
Ready to get started with Verify 365?
Streamline your client verification process with Verify 365
Client verification can be an arduous task when done manually or requiring your client to send in information about themselves. Verify 365 delivers a remote identity and address verification service that clients can do where they feel most comfortable.
- Run a genuine verification on your clients using a biometric and NFC compatible verification ensuring you stay compliant.
- Verify the validity of your client’s documents making sure they are real and valid.
- Don’t restrict the clients you can work with, Verify 365 is able to verify clients globally being compatible with over 10,000 official documents.
What Our Clients Say About Us
Verify 365 set up a complete client onboarding experience for our clients from their platform. This made the AML process for our firm quicker and less time-consuming allowing the fee earners to get on with more important tasks. It's a game changer for our law firm and our onboarding time has literally been reduced to minutes. It's also fantastic for our clients who can verify ID remotely.
Verifying the client's identity and source of funds used to take weeks due to the client needing to collect, print, and send their information in. A quicker way to verify the client had to be implemented. We wanted a system that utilised face biometrics and NFC technology, and a system that enabled our international clients to be properly identified. Verify 365 goes above and beyond any other system.
Using Verify 365 for our client onboarding process has been phenomenal, we are now onboarding clients in minutes. We now confidently take on clients from anywhere in the world! It takes seconds to send clients a link from the Verify 365 portal and then we wait for the AML report to be generated, whereas previously there was always an element of risk and uncertainty.
How We Can Help
Our experts are kept informed on best practices for Anti-Money Laundering so you get practical advice with our onboarding solution. Read some of our client Case Studies to see how we have helped law firms and property professionals stay compliant. By using Verify 365, you can be confident in knowing you’ve carried out your due diligence and regulatory requirements, and reduced the risk of fraud to keep your clients safe and secure.
- Discover our seamless, ready to go Case Management Integrations
- Get practical AML compliance and onboarding advice from our experts
- Book a no-obligation free consultation and platform demo.
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Get Started Today
The best way to understand the value of Verify 365 to your firm, is to see it in action. Sign up for a demo or chat to our team about your client onboarding needs.