AML checks provided by Red Flag Alert ensure you remain compliant, make your onboarding efficient, perform effective client due diligence and improve your revenue. Vetting clients and potential customers quickly and accurately is a vital part of the onboarding process, and can help you reduce financial risks too. Assessing client risk in relation to anti-money laundering, corruption, and other illegal operations is needed to understand how your organisation may be exposed to the risks posed by their activity.
We understand that performing effective customer due diligence (CDD) can be a laborious and complex process. Vast amounts of time can be spent verifying and cross-checking company data to ensure all CDD boxes are ticked, and full compliance has been adhered to.
Incomplete or partial CDD and AML checks may leave your business at serious risk of fines, restrictions on business movement and ability to trade, and in more serious cases individuals may be exposed to personal risk.
The Red Flag Alert platform allows your business to perform KYC and AML checks within seconds, to onboard efficiently and safely with full confidence.
RFA's enhanced CDD platform offers a complete AML KYC solution to keep your organisation compliant and deliver crucial insight on your prospective clients and suppliers. Our compliance solutions ensure you remain compliant and helps establish a thorough and detailed onboarding process designed around the current position of each new client. With pressure from regulators hotting up, checking your clients are who they claim to be is a critical obligation and ignorance is no excuse. Using high-quality data sources, Red Flag Alert AML checks provide peace of mind with full risk checking, enhanced due diligence, and checks against international PEPs and sanctions databases.
Our data is updated in real-time from hundreds of sources in the UK and overseas. Our data includes UK electoral roll, international sanctions, international PEPs, international passports, enhanced due diligence, biometric facial matching, international ID cards and more.
Stay on top of changes in your clients’ compliance risk. Red Flag Alert is updated every day, and monitoring alerts can be sent to your team in real-time, ensuring you don’t miss emerging threats.
Your entire workflow is stored in the cloud, so it’s easy to prove you meet regulations. A secure audit trail means you can build robust and effective AML compliance frameworks.
Improve your sales and onboarding process
Our AML checks enable your sales team to verify customers in seconds, reducing friction in the onboarding process, reducing drop-off rates and giving a great first impression of your business
Identification and AML checks can be carried out at three levels, depending on your business’ requirements:
The RFA anti-money laundering solution meets the Joint Money Laundering Steering Groups standard requirements of a match on an individual's full name and current address and a second match on an individual's full name and either his current address or his date of birth.
Our checks include cross checking documents and information including:
Data is updated daily, and recommended fraud and sanctions checks are also included in the Reg Flag Alert AML standard and enhanced checks for peace of mind.
Generate even more insights by seamlessly integrating Red Flag with your own CRM. Feed in data to power up your sales and marketing teams so they can work better and more productively.
We love working closely with all our customers, helping them integrate and use data in their businesses. Hear what some of them say.
"Red Flag Alert helped us increase our sales conversion by 123%. In terms of set-up, the team at Red Flag Alert was excellent – they came in and worked closely with us to make sure our data was clean, and the integration was seamless."
Ben Robert Shaw, Power Solutions UK
Get started by requesting a demo, today.