ValidID is a tool which allows firms to carry out electronic anti money laundering checks on clients to verify their identity along with validating any documents and identity evidence the client may produce.
Regardless of the type of business you are in, you will no doubt be aware that verifying the identity of your customers is not only prudent from a business point of view, but it will also reduce your firms risk and exposure to illegal activity such as money laundering and terrorist financing. Remember having poor systems and controls that leave your firm open to being used for money laundering purposes can attract a fine or 2 year prison sentence.
Having a good risk based approach to proving your clients identity is not only important, it is vital.
ValidID is compliant with the Joint Money Laundering Steering Group guidance.
Here at Professional Office Ltd, we think that ValidID in conjunction with SanctionsSearch.com is the easiest and most affordable solution in the market today.
With no expensive licence fees, or the need to buy large amounts of searches, getting started with ValidID is as simple as having a SanctionsSearch membership and depositing a minimum cash balance of £10. Don’t forget SanctionsSearch.com will continue to screen your client after each and every sanctions list update as part of your annual membership fee. You will need a valid Data Protection Licence to use this product.
Once a search has been carried out it will always be accessible in its own right and also through the SanctionsSearch record available in the client management page.For users who already have data in their SanctionsSearch.com account, you will be pleased to know that you can upgrade the search by clicking the “Perform a ValidID search” link in the client record.
We offer two levels of check
Please note if you looking to screen large numbers then contact us for a bespoke price 0843 713 0 777.
|Name against voters roll|
|Date of birth verification|
|Sanctions list check †‡|
|Gone away check|
|Insolvencies and Bankruptcies|
|Landline Telephone Check|
|Mobile Telephone Check|
|Driving Licence Validation|
|Birth Records Check|
|Previous Address Check|
|Active Credit Accounts Check *|
|Credit/Debit Card Validation|
|National Insurance Number Validation|
|National Health Service (NHS) Number Validation|
|Electricity (MPAN) Number Check|
|Bank Account and Sort Code Validation|
Please note a valid Data Protection licence will be needed to use ValidID
† Carrying out a sanctions check requires a valid membership and will use one SanctionsSearch credit.
‡ All re-screening for financial sanctions will be carried out on ValidID check customers as usual after each and every sanctions list update as part of the membership fee.
* Credit active is a facility that has to be formally granted access on a firm by firm basis this can take one to two working days. All other aspects of the tool will be live immediately.
Are you looking to screen large numbers then contact us for a bespoke price 0843 713 0 777.