Virtual Signature- ID | The benefits of Using an Identity Service Provider when Navigating AML regulations
Membership Team2023-08-17T10:29:41+00:00The benefits of Using an Identity Service Provider when Navigating AML regulations In order to adhere to Anti-Money Laundering (AML) regulations, professional services firms must be able to accurately verify the identities of their clients and carry out background checks. One solution for firms to enhance their AML compliance efforts and meet the HM Land Registry (HMLR) Safe Harbour Standards is the use of Identity Service Providers (IDSPs). All IDSPs appearing on the Gov.UK website are required to have undergone an extremely stringent audit process covering every aspect of their business including rigorous testing of their software, to ensure [...]