NACFB partners with SmartSearch to offer members access to leading anti-money laundering platform

By Bridging Loan Directory 4th December 2018

The NACFB has teamed up with SmartSearch to provide its members with preferential access to its award-winning anti-money laundering platform.

The partnership comes in response to increased demand from NACFB Members for a simple and effective way to conduct due diligence checks on both individuals and businesses.

After scrutinising the market – and consulting with members – the Association found that SmartSearch’s unique platform was ideally suited to offer a solution.

The SmartSearch platform uses data partners Experian, Equifax, Dow Jones and Companies House to conduct searches and checks on individuals and businesses both across the UK and the international markets.

The simple and easy to use system allows brokers to access all this data in seconds, and can even be done remotely thanks to SmartAML, SmartSearch’s fully integrated app.

The SmartSearch platform also delivers warning email alerts, to allow those responsible for AML compliance to keep a watching brief over users, and ensures that enhanced due diligence is undertaken if PEPs or Sanctions warnings are highlighted.

Graham Toy chief executive officer at the NACFB, said:

“We work hard to ensure our brokers receive a first-class proposition with their membership, including comprehensive compliance support. Through implementing SmartSearch we are able to provide them with a world class resource for this important element of compliance.”

“The feedback from brokers who already use the platform is overwhelmingly positive. These brokers have told us that SmartSearch is an efficient and effective way of conducting background searches. We remain committed to making the lives of commercial brokers easier, and we look forward to continuing to provide innovative solutions like this, to do just that.”

John Dobson, CEO of SmartSearch said:

“With fraud on the rise and the fifth money laundering directive now needing to be implemented, there has never been a time when AML services have been in greater demand. Our platform makes it quick, easy and cost effective to conduct the most robust range of searches in the UK not only on individuals but also on companies too.

John added:

“We are therefore pleased that the NACFB is making our anti-money-laundering services available to its members, enhancing the exceptional level of support they already provide for their brokers.”

The Association have negotiated preferential rates for all NACFB Members, who we will be invoiced quarterly based on usage. The Association has set-up a dedicated portal for you to get your business registered, this can be found via: www.smartsearchsecure.com/register/nacfb