Creditsafe AML has been developed to ensure anti-money laundering compliance, meeting all standards for electronic identity verification as per the Joint Money Laundering Steering Group (JMLSG) guidance.



How to run an AML search


Before you start please ensure you have at least an individual’s:

  • Forename
  • Surname


For more accurate results please also obtain:

  • D.O.B.
  • Gender
  • Address


You can also include telephone information and up to two previous addresses if you have that information.


To start the search go to the left-hand menu and select: Identity. Then select the 'AML' button from the "Select a Product" options at the top.



Enter the information you have and click 'Validate' to run the search. 


Note: You can also enter a reference tag using the 'Reference' box for your internal record purposes.


Search History


A record of all the searches that have been carried in the products within the Identity menu is held within the ‘History’ section, which is accessible at the bottom left of the page.



Reports can be generated by searching between specific dates, keyword or reference. You can also download the report as a .csv file using the "Download Report (.csv)" button at the bottom of the results on the left. 



Results and Re-Validation

You will then be taken to the search results which will give you a 'Pass' or 'Refer' result.



Re-Validation


In the event of a refer result the result box may ask you to add documentation to run a 'Re-Validation' check. Here you will be required to add in information from at least 2 of the 4 different forms of documentation to support the report including:

  • Driving License
  • Passport
  • European ID Card
  • MPAN Number


You can select the document type in the 'Follow Up Actions' section in order to enter the information required. Click the 'Re-Validate' button and the search will re-run and return either a 'Pass' or 'Refer' result.


The printouts of re-validation will include all documentation that have been used to validate, including Passport, Driving Licence, European ID Card and MPAN Details. 


IMPORTANT: 'Re-Validation' can only be run once so it is essential the information is entered correctly.



Results Summary and Matches


This section provides you with a visual representation of the results and gives you a breakdown of the match level for each of the information sets.


 

You can expand each of the available datasets by clicking the ^ icon to give a detailed breakdown of the match level.



Bank Match Validation and Verification



Bank Match Validation and Verification (BAVV) checks bank account, name and address details against the latest reference data online and in real time from information worldwide.


When running an AML search, you can select 'Bank Match' from the the "Select a Product" options at the top. You will then see both products marked as blue



You will then be given the option to insert Sort Code and Account Number information. The Personal Details, Current Address & Bank Account Details will need to be populated to perform a full Bank Match check.


Once you have entered all the relevant information click 'Validate' to run the search.


The search results will appear but will also provide you with two additional sections of the results of the AML report - UK Bank Account Validation and UK Bank Account Verification.



Validation


The validation section currently checks the below criteria:

  • Direct Debits - Allows a third party to transfer money from a person’s account. Used for household bills, subscriptions, memberships etc.
  • Direct Credits - Is a deposit of money by a payer directly into a payee's bank account. Used for salaries, pensions etc.
  • CHAPS Sterling - Is the same day system for payments made within the UK in sterling as long as instructions are received.
     2pm on a working day. Used for high-value transactions with guaranteed same day payment.
  • CC&C Clearing - Is an interbank payment system in England, Scotland and Wales that processes cheques and other
    paper instruments.
  • Faster Payments - A UK banking initiative to reduce payment times between different banks. Used for large number of
    small payments such as bills, expenses etc.
  • BACs Clearing - A system in the UK for making payments directly from one bank account to another.
  • EISCD Data File (Extended Industry Sort Code Directory) - is a downloadable database containing
    information about all banks and building societies.


Verification


The verification section verifies that the bank information entered matches the individual who the AML has
been run against and confirms the age of the bank account.