Creditsafe has extended its online product portfolio to include screening of politically exposed persons (PEPs) and companies affected by financial sanctions as part of day-to-day due diligence processes.
The Joint Money Laundering Steering Group (JMLSG) has established new guidelines for managing Anti-Money Laundering (AML) and ‘Know Your Customer’ (KYC) processes. The guidelines state that all FCA registered companies must be fully aware of whom they are dealing with and that it is now compulsory to run detailed checks on customers. Creditsafe’s new process will help FCA registered businesses stay compliant with the JMLSG’s rules and regulations.
Source: Creditsafe UK