SmartDiligence Helps Stockbrokers

At SmartDiligence we constantly look to develop our Anti-Money Laundering tool to help firms comply with the Regulations. We were approached by a Leading Stockbroker that wanted to validate bank accounts as part of their client take on and Customer Due Diligence process, and had a large existing client base that required ongoing monitoring. SmartDiligence were able to add the Experian Bank Wizard in a matter of weeks as part of the normal electronic verification process. We were also able to upload the file of existing clients both individual and corporate for ongoing monitoring.

The client now has peace of mind that all their new and existing clients will be monitored on an ongoing basis, with email alerts to the firm's Money Laundering Reporting Officer who can then undertake Enhanced Due Diligence as and when required.