Bulk Checks
Manage 1000s of customers or bring your historic customer files up to date and in line with new legislation with Batch checks. Provide up to 200,000 customers in a single file.
How can Creditsafe's Due Diligence checks protect and grow your business?
Our due diligence checks bring together hundreds of data sources online in an instant, removing the need for physical storage whilst saving you both time and money.
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Reduce audit time & risk
Our Due Diligence checks are conducted and recorded online meaning there is no need to keep physical copies. By keeping a full and paperless audit trail online, you can reduce auditing time and exposure to GDPR risk.
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No sign up fees
Unlike some of our competitors we do not charge any set up or sign up fees for our services. You only pay for the checks you use.
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Verify a client’s ID instantly
Make sure your client is who they say they are and meet your due diligence obligations by checking they are not engaged in any suspicious activity. Our AML checks screen against global PEPs and Sanction databases to give you the highest protection against terrorism funding, fraud and other unlawful financial activity.
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Ensure regulatory compliance
Our comprehensive screening checks against 300+ global PEPs and Sanction databases instantly, saving you time and helping you ensure your regulatory compliance. Our Anti-Money Laundering checks meet the standards outlined by the joint Money Laundering Steering Group (JMLSG) guidance, ensuring peace of mind that your due diligence is fully AML compliant.
More than 100,000 businesses already use Creditsafe
Discover how we can improve your efficiency and ensure regulatory compliance.
Why use Creditsafe for your Enhanced Due Diligence checks?
With your business' compliance and efficiency at the heart of what we do, Creditsafe's Due Dilligence solutions offer enhanced checks that deliver an answer in seconds.
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Paperless audit trail
Reduce costs associated with physical storage, whilst ensuring you are exhibiting good governance with a paperless audit trail stored in a secure environment.
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Comprehensive screening
We screen against global PEPs and Sanction databases as standard, helping you to always stay compliant whilst reducing your own company’s exposure to risk.
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Bank data verification
You can also enrich and enhance your KYC checks by verifying customer bank data via UK bank records, with access to more bank information than any other UK provider.
Require a system that can streamline 1000s of client checks?
Get the answers you need to make those vital business decisions quickly and accurately.
Via API
Streamline your customer onboarding and compliance procedures even further with Creditsafe's integration app, making it even easier for your business.
Try Creditsafe's Enhanced Due Diligence checks for free
Experience the speed of Creditsafe's online checks today.
Frequently asked questions
Who needs to run Anti-Money Laundering checks?
Solicitors, accountants, tax advisers, insolvency practitioners, financial institutions, credit institutions, estate agents, chartered surveyors, trust/service providers, gaming companies and high value dealers with the potential for a business relationship worth over £15,000, such as automotive dealers and jewellers.
Why does my business need to perform Anti-Money Laundering checks on its clients?
The Anti-Money Laundering regulations are governed by 4 Acts: The Proceeds of Crime Act, The Serious Organised Crime and Police Act, The Terrorist Act and the Money Laundering Regulations. Failure to report suspicious activity can carry a criminal sentence and lead to substantial fines from the relevant regulatory body.
What is Electronic verification?
In order to prevent fraud and money laundering it is important to verify individuals carrying out financial transactions. Previously, documentary evidence was relied on to verify an individual. These may not always be available and they can also be easily forged or altered, therefore electronic verification provides extra security and reduces risk against money laundering and fraud. Electronic verification also removes the need for the customer to be present, which saves time and helps support customer relationship building. The risk of money laundering is reduced as several data sources are called upon to verify the customer rather than just relying on documentary evidence.
I have dealt with my clients for many years, do I still need to carry out customer due diligence?
You need to keep CDD up-to-date for all your clients. You may have sufficient documentary ID details on your files, but if there has been any subsequent change to their circumstances or risk profile, you should update your CDD. It is advised to review clients’ CDD on a regular basis.