Firmcheck offers several options to firms for verifying client information from a full biometric verification to a simple PEP and Sanction check.
Two types of checks are available via Firmcheck
Full Biometric and ID Verification Checks £5.50 + VAT
BioVerify is best when (a) you're not able to easily see a client or prospect's ID documents, (b) if clients/prospects have non-UK ID documents, or (c) if you prefer to carry out Biometric ID verifications.
BioVerify offers verifications on passports from 193 countries. Results include a PEP and Sanction check. Robust anti-fraud measures are built-in and results can be password protected. Results are automatically saved against the contact in Firmcheck and show against all entities they're involved with if merged.
Live face match
Name
DoB
Identity verification
Address
PEP/Sanctions
Basic PEP and Sanctions Checks Free*
A standalone PEP and Sanctions Check should be conducted when using documentary evidence to verify the identity of your clients and prospects. You can do this easily within Firmcheck by selecting PEP and Sanctions Check when collecting identity information on a client.
The PEP and Sanctions Check searches against an international record and returns a response within seconds. If the person has a positive result, this is automatically saved against the client and all their associated roles within Firmcheck.
If the result is negative, it will appear as follows.
*To access free PEPs and Sanctions checks (fair usage policy applies) you need to have 100 entities in Firmcheck otherwise, checks cost 50p + VAT per check – this does not apply to firms whose total client book is less than 100 entities
See more: How to perform a PEP and Sanctions check