Compliace & Due Diligence

Compliance with money laundering obligations

In today’s post Jackson landscape, if a claimant lawyer accepts a client or registers a claim on the Claims Portal, without applying early and relevant due diligence, they run the risk of expending time and resource progressing a claim which ultimately could be declined and for which they will not receive their fixed fee.

Actually there are a number ID Validation and AML services available to the legal sector. For claimant lawyers who often deal with their clients remotely, these could represent a time and cost efficient way of gaining some reassurance in relation to their customer, whilst protecting their revenue stream and reputation.

Challenges and opportunities for solicitors

Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
CRIF is aligned to the challenges facing the legal sector and already provides a successful, sector specific identity verification solution. We are agents for change and we believe this period of flux in the market can act as a catalyst for further innovation and opportunity for law firms to generate new revenue streams and reinvigorate dormant markets.

We are currently investing in R&D to develop our offerings and further support our legal clients and we are keen to hear from the market on what additional online services would be beneficial.

We ensure compliance with anti-money laundering regulations to help solicitors adopt a risk-based approach to financial crime thanks to real time screening of personal details against content-rich sources including positive, negative, domestic and international databases.

Learn more on our partnership with Eclipse to strengthen verification services for the legal profession

ID Check

From a wealth of powerful data, an easy to understand identity verification and risk assessment report is produced. Combining a brief results summary with a detailed granular report, ID Check delivers identity verification tools which are both user-friendly and highly informative as well as a corresponding score.

AML Check

​Quick and user-friendly solution aimed at enabling insurers and legal representatives to screen the personal details of an individual and validate their identity against multiple sources to manage business risks, confidently conduct due diligence for anti-money laundering purposes and effectively prevent fraud.