Last year CIFAS, the National Fraud Prevention service, reported that identity fraud had reached a record level in the UK. The Solicitors Regulation Authority (SRA) reported law firm losses exceeding £700,000 in the opening half of 2019, attributing them to identity theft and the use of impersonation tactics. The consistent threat of identity fraud is …
How has Minerva helped to improve your clients’ experience? Using Minerva has revolutionised the way we on board clients. No longer are we waiting for clients to complete hard copy forms or to submit certified copies of ID. This is the sort of technology clients are coming to expect of any service provider and it …
On the 10th January 2020 the 5th Money Laundering directive was adopted into UK legislation and with it came the obligations that had been enacted before; that you know your client (KYC) and ensure you comply with the 3 steps of the KYC compliance framework: Customer identification Customer Due Diligence (CDD) Enhanced Due Diligence (EDD) Providing your business …
KYC – Knowing your customer and identifying high-risk clients Read More »
