PRIMIS enhances anti-money laundering checks through partnership with SmartSearch

Michael Lloyd

May 25, 2018

PRIMIS Mortgage Network has partnered with SmartSearch, enabling its brokers to conduct thorough anti-money laundering (AML) checks.

SmartSearch is a secure online anti-money laundering verification platform, which helps to prevent fraud by carrying out in-depth verification checks on both individuals and businesses.

With the implementation of the fifth money laundering directive still ongoing, PRIMIS has introduced SmartSearch to its brokers. This enables all ARs that are part of the network to carry out faster AML searches, so they can spend more time focusing on supporting their clients and growing their business.

Toni Smith, chief operating officer at PRIMIS, said: “We work hard to ensure our brokers receive a first-class proposition, including stellar compliance support.

“Through implementing SmartSearch we are able to provide extensive anti-money laundering checks across the UK and worldwide in a matter of seconds.

“The initial feedback from brokers who have been using the platform has been overwhelmingly positive. ARs have unanimously told us that SmartSearch is a much more efficient and effective way of conducting searches.

“We are committed to making our brokers lives easier, and we look forward to continuing to provide innovative solutions like this, to do just that.”

Martin Cheek, chief executive of SmartSearch, said: “We are delighted to be working with PRIMIS – the support it provides for its network is already second to none in the market and the addition of the SmartSearch platform only enhances this.

“With fraud on the rise and the fifth money laundering directive now being implemented, there has never been a time when AML services have been in greater demand.”

SmartSearch has access to Experian, Equifax, Dow Jones and Companies House, allowing brokers to access a wide range of data in seconds.

Brokers are able to conduct fast and comprehensive individual and business searches across the UK and worldwide, as well as monitor existing clients on an ongoing basis. The searches only leave a soft footprint on a client’s credit record, so it has no material impact on their ability to access lending.

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