PRIMIS Mortgage Network has teamed up with SmartSearch to help its brokers conduct anti-money laundering (AML) checks.
SmartSearch is an online anti-money laundering verification platform, which helps to prevent fraud by carrying out in-depth verification checks on both individuals and businesses.
It has access to Experian, Equifax, Dow Jones and Companies House. Brokers are able to conduct individual and business searches across the UK and worldwide, as well as monitor existing clients on an ongoing basis. The searches only leave a soft footprint on a client’s credit record, so it has no material impact on their ability to access lending.
Toni Smith (pictured), COO at PRIMIS, said: “At PRIMIS we work hard to ensure our brokers receive a first-class proposition, including stellar compliance support. Through implementing SmartSearch we are able to provide extensive anti-money laundering checks across the UK and worldwide in a matter of seconds.
“The initial feedback from brokers who have been using the platform has been overwhelmingly positive. ARs have unanimously told us that SmartSearch is a much more efficient and effective way of conducting searches. We are committed to making our brokers lives easier, and we look forward to continuing to provide innovative solutions like this, to do just that.
Martin Cheek, CEO of SmartSearch, added: “We are delighted to be working with PRIMIS – the support it provides for its network is already second to none in the market and the addition of the SmartSearch platform only enhances this. With fraud on the rise and the fifth money laundering directive now being implemented, there has never been a time when AML services have been in greater demand.”
