Overview
The UK government is cracking down on economic crime, corruption and data security. Many compliance officers struggle to maintain adequate systems, while also keeping costs down. And with regulatory requirements increasing and changing all the time, it can be difficult for them to keep up.
Make Anti Money Laundering Compliance Easy with Red Flag Alert
Red Flag Alert provides a comprehensive AML service that is low cost, evolves with regulations and allows you to prove your audit trail. Our data also conforms with GDPR and other data protection laws.
Red Flag Alert IDV & AML + Xero
Our app enables you to conduct Digital ID Verification (IDV) and Anti-Money Laundering (AML) checks on your contact records, and it facilitates the attachment of the completed check reports. You have the option to monitor the check progress manually, or our scheduler can automate this process for you. Check Types: Check Type: IDV + AML + PSAM • IDV - IDV is an Identity Verification, this involves a 'selfie' and capturing a picture of photo ID (Driver's License or Passport). • AML - This will take address information and verify this data against FCA approved data sources. • PSAM - PEPS, Sanctions, Adverse Media - This will conduct a PEPs (Politically Exposed Person) check, check International Sanctions' lists, and global Adverse Media. Check Type: AML • This will take address information and verify this data against FCA approved data sources.
Custom Fields Upon authorizing the connection to our app, several fields will be automatically generated. Refer to the technical details below for the complete list of created fields. Credits Each check is one credit. Your credits will be allocated when you subscribe to our App. To subscribe to our App, you will need to click on Settings & Subscriptions, then click the Xero Subscriptions button.
Getting started
The UK government is cracking down on economic crime, corruption and data security. Many compliance officers struggle to maintain adequate systems, while also keeping costs down. And with regulatory requirements increasing and changing all the time, it can be difficult for them to keep up.
Make Anti Money Laundering Compliance Easy with Red Flag Alert
Red Flag Alert provides a comprehensive AML service that is low cost, evolves with regulations and allows you to prove your audit trail. Our data also conforms with GDPR and other data protection laws.
