CallML removes need for passport money laundering checks

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CallCredit has made changes to its anti-money laundering ID checking system which means intermediaries using the service no longer need to obtain client documents.

Enhancements to the CallML verification service now search various data sources which can confirm an individual’s ID within seconds, removing the need to log information on a person’s passport and other essential information within a firm’s own system and then send it to the provider supplying any financial product. Data used to clarify a person’s ID draws information from the Electoral Register, credit checks, a comprehensive list of company directors, as well as cross-checking against a list of fake or fraudulent passports , the “gone away suppression” list as well as cross-checking ag...

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