All organisations covered by the Anti-Money Laundering/Counter Terrorism Financing (AML/CTF) Act are required to verify the identity of individuals they deal with.
The Politically Exposed Person (PEP) and Sanctions GlobalScreening solution from Equifax mitigates regulatory, economic and reputational risk by giving you intelligence you can act on.
Your superior solution to prevent money laundering and terrorism financing
By using our GlobalScreening solution as part of your Know Your Customer (KYC) and Customer Due Diligence (CDD) step, you can identify those accounts that warrant closer monitoring and further investigation.
It can also work to uncover individuals involved with money laundering or terrorism financing.
Instant results delivered for you to act on
Our GlobalScreening portal is accessible in the electronic identity verification service from Equifax, IDMatrix.
It delivers instant results and offers further risk assessment, ongoing due diligence and case management assistance.
The GlobalScreening portal allows you to check watchlists from all major sanctioning bodies, law enforcement agencies and financial regulators that identify politically exposed persons, terrorists, criminals and sanctioned organisations around the world.
Monitor customers on an ongoing basis
Equifax also offers an end-to-end case management tool which allows for audit trail management, reporting, customisable rules and profiles to meet internal policies, and increased screening efficiency to reduce operational costs. Be assured the service is locally hosted in Australia, so there is no flow of customer data offshore.
Visit the IDMatrix GlobalScreening page for more information.