Telephone: 0121 314 7745 | Email: info@cognitosoftware.co.uk

Anti-Money Compliance

Anti-Money Laundering Checks and Online Identity Verification

The Cognito Software Solution "CognitoURU" complies with the 2007 Anti-Money Laundering Regulations set down by the Law Society. The Money Laundering Regulations 2007, means that Legal firms who do not comply with the Anti-money laundering / counter-terrorist financing obligations puts you at risk of committing criminal offences.

The Law Society recommends a Risk based approach for identifying the client and verifying their identity on the basis of documents, data or information obtained from a reliable and independent source. You are required to have a system outlining the Customer due diligence measures to be applied to specific clients. You should consider recording your firm's risk tolerances to be able to demonstrate that your Customer due diligence measures are appropriate.

How Cognito FiLOS can help you Streamline this process

To assist your firm manage this risk CognitoURU can create an environment of trust so that you can connect, communicate and transact with clients safely, responsibly and profitably. We call this identity management. Anti-Money Laundering compliance, Fraud reduction, Age verification and compliance, Identity verification,Instant client process

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