Steve O’Neill on behalf of BTC is a Registered Agent for the registration process of overseas entities.
Action required prior to application for registration
Identification of registrable beneficial owners -Before making an application to register, an overseas entity must take reasonable steps to identify its registrable beneficial owner and obtain the required information. The steps that an overseas entity must take include giving an information notice to a person it knows, or has reasonable cause to believe, is a registrable beneficial owner. Continue reading “Registration of Overseas Entities on the UK Register of Overseas Entities”
Introducing the AML Triplecheck
TripleCheck is the only AML solution you will ever need, available on a pay as you go basis for our BTC account holders, contact us for a competitive quote.
TripleCheck is a pioneering new electronic KYC and AML solution that combines three highly sophisticated verification methods. Level one is the identification, verification and screening process; level 2 is Facial Recognition and level 3 is Digital Fraud Checks. Together they are TripleCheck, the most powerful, robust and reliable all-in-one AML platform on the market.
Level 1: Identification and Verification with Sanction and PEP screening
Level 2 of TripleCheck combines Optical Character Recognition (OCR) and the latest biometric facial recognition techniques to provide you with a true picture of your customer.
This highly advanced technology performs an algorithmic check on photo identity documents and then, using a customer Selfie Liveness Video (SLV), uses biometric and liveness detection to compare the ‘real person’ with the document provided to ensure the image and information is genuine.
Level 3 of TripleCheck utilises various Digital Elements (DEs) to create robust and simple to understand fraud risk indicators to deliver an overall risk score. A dashboard provides detailed information to support additional due diligence enabling you to further investigate high-risk events.
The SmartSearch TripleCheck technology then matches the DEs to the individual’s terrestrial address enabling the CRA data, ID Document and SLV imaging to be bound together to create a Composite Digital Identity (CDI).
Click here to view a video on the functionality
To open a AML account just simply contact us to discuss your needs
Some good news about a further expansion to the BTC AML Search service, the SmartSearch search platform now has Business Credit Reports powered by Experian becoming available on 15 July. This is an additional service and as such carries an additional cost to the normal company search, each additional credit report search is priced at £6.50+vat in addition to the normal search cost. Continue reading “Business Credit Reports Available Through SmartSearch”
Fifth Money Laundering Directive
The consultation invites comments, evidence and views from stakeholders. Responses to this consultation will then be used to inform final government decisions on transposition. The government intends that the new provisions will come into force in national law by 10 January 2020, in line with Article 4 of 5MLD. Continue reading “Government Consultation of fifth Money laundering Directive”
Companies House have advised they will not be processing submissions from 12 noon, Friday the 7th of September until Monday the 10th of September. Same day submissions must be submitted by 12 noon on the 7th of September.
We will still be holding all submissions in this time frame in review and will submit once the service has restarted on Monday, Experience tells us some orders can be lost at Companies House during these periods of maintenance.