Your AML solution in collaboration with Ince, eLegal, Arachnys and Yoti

Maximise your onboarding capacity, efficiency and client experience

The latest Money Laundering Directives have made regulations in the real estate market more stringent than ever. Existing software solutions only deliver part of the requirement for client onboarding - and fully outsourced solutions are expensive.

What is it?

Our new solution provides an end-to-end client onboarding solution for the real estate sector in a single platform. The one-stop portal combines work flow with the latest know-your-client (KYC) technology, auto discovery rules, digital identification of Ultimate Business Owners (UBOs), escalation for advanced cases and a full risk report.

What does it do?

  • Automatically traces corporate ownerships to digitally identify Ultimate Beneficial Owners (UBOs).
  • Checks companies and individuals for sanctions, PEP and adverse media - including dynamic adverse media for high-risk cases.
  • Enables one-click escalation to a managed compliance service.
  • Delivers a full risk-based report to your CRM or core system as evidence of compliance to regulators.
  • Automatically updates KYC information for your existing clients.

Why choose our solution?

  • Increases capacity, speed and efficiency when taking on new clients and updating existing client information.
  • Utilises the widest collection of company and individual research data and the best digital ID verification technology in the market - giving you access to the broadest range of digital information.
  • Gain access to specialist legal KYC and AML advice at preferential rates.
  • Easy to use with little implementation effort.

How does the solution work?

Our four-step service allows you to conduct company searches and AML due diligence checks with ease:

Companies are checked against sanction lists and adverse media reports, and company ownerships are automatically traced to identify UBOs.

Once UBOs are digitally identified (manual ID is an option) or the client is an individual, PEP, sanctions and adverse media checks for are carried out.

Any issues raised by searches or checks are flagged and the work flow is modified, with the option to redirect to an on-demand, legal compliance service.

The solution produces a downloadable report to use as part of your transaction records and can be added to your CRM or core system.

Existing clients and counterparties are refreshed on a frequency and level of detail set by your own risk policy.

1. CHECK

Companies are checked against sanction lists and adverse media reports, and company ownerships are automatically traced to identify UBOs.

2. IDENTIFY AND VERIFY

Once UBOs are digitally identified (manual ID is an option) or the client is an individual, PEP, sanctions and adverse media checks for are carried out.

3. FLAG

Any issues raised by searches or checks are flagged and the work flow is modified, with the option to redirect to an on-demand, legal compliance service.

4. REPORT

The solution produces a downloadable report to use as part of your transaction records and can be added to your CRM or core system.

4. MONITOR

Existing clients and counterparties are refreshed on a frequency and level of detail set by your own risk policy.

How does the software escalate advanced cases?

Ince’s experienced team are always on hand to provide trusted legal advice to meet your compliance needs - no matter how complex the case. Issues raised by the research process, along with supporting documentation, are redirected via the work flow to your portal.

From this, they can facilitate on-demand, in-depth research, including enhanced due diligence and risk-based recommendations, to help you resolve any issues. Our integrated and managed compliance services relieve the pain of complying with AML regulations by delivering a fast, accurate and convenient onboarding process to ensure a comprehensive, compliance service.

Contact our team today for a product demo and discussion about your client onboarding process.

Contact Us

Who is behind the new solution?

An international legal and professional services business with a team of regulatory and compliance legal experts.

A technology provider designing, building and implementing innovative software solutions within the legal marketplace.

One of the world’s leading ethical digital identity platforms. Yoti uses facial biometric technology to verify individuals’ identities quickly and seamlessly.

A technology provider connecting global financial institutions and corporations to all the information they need to make confident, fast onboarding and investigative decisions.