NRS choose Callcredit Direct for Electronic Identity Verification

NRS, one of the UK’s leading financial regulatory consultancy firms, are working in partnership with Callcredit Direct to provide online electronic verification with award-winning Anti-Money Laundering solution, CallML. NRS members are also offered a 15pc discount on CallML search fees through the partnership.

The final draft of the Joint Money Laundering Steering Group’s new guidance on AML procedures came into force on 15th December 2007. Compliance is now required across legal and financial sectors in order to bring the sectors in line with the latest EU regulations. One of the most significant changes is the requirement to screen new clients against the Politically Exposed Persons (PEP) register. The advantage of services such as CallML is that they include a PEPs check as standard; sourcing data from the CIA and providing a clear alert if any connection is found and offering a much deeper insight into an individual’s background.

Gordon McMurray, Managing Director of NRS

"We are pleased to offer our members the facility to quickly identify their clients in accordance with current anti-money laundering regulations. NRS has been seeking a quality provider of robust client identification verification systems for its client base, which ranges across the investment arena, and is delighted to be associated with this joint initiative which should make compliance for our clients significantly easier to achieve.

Making use of the information that CallML provides underpins successful anti-money laundering procedures and can be one of the most effective weapons in protecting your company. In addition to minimising the risk of being used for illicit activities it protects individual firms from reputational and financial risks. CallML provides our members with the perfect solution – and at a discounted rate."