New research from anti-money laundering specialist SmartSearch has found just under a third (28%) of regulated businesses are unaware of digital solutions, such as electronic verification. These results are particularly surprising as customer demand for digital systems is reaching new heights.
regulated businesses must run Know Your Customer (KYB) checks on all new customers
- UK and International, individual and corporate - including identification and
verification, screening for sanctions and PEPs, and enhanced due diligence