VeriteScan helps businesses maintain integrity and reputation by identifying and mitigating associations with high-risk individuals or entities.
Alternative Financial Services
Lending
VeriteScan ensures regulatory compliance and mitigates risks by identifying high-risk borrowers, reducing defaults and fraud. It enhances credibility and builds trust with investors by demonstrating due diligence. VeriteScan also streamlines the loan approval process, saving time and operational costs.
Pawning
VeriteScan ensures compliance with regulations, prevents transactions involving stolen goods, and builds customer trust in the pawning industry. It speeds up the verification process, enhancing operational efficiency and reducing risks.
Remittance
VeriteScan ensures regulatory compliance, secures transactions, and prevents fraud in the remittance business. It builds customer trust by verifying recipients, reducing delays and improving service reliability.
Money Exchange
VeriteScan ensures compliance with regulations, manages risks, and prevents fraud in money changing/forex businesses. It builds customer trust by verifying transactions, improving operational efficiency and reducing manual efforts.
Cryptocurrency
VeriteScan ensures regulatory compliance, prevents fraud, and enhances security in the cryptocurrency sector. It builds credibility with customers and regulators, contributing to a safer and more trusted crypto environment.
Traditional Banking Services
Digital Payment Platform
VeriteScan ensures regulatory compliance, prevents fraud, and secures transactions on digital payment platforms. It builds user trust by verifying identities and monitoring activities, supporting platform scalability through compliance processes.
Traditional Banks
VeriteScan ensures regulatory compliance, identifies high-risk clients, and prevents financial crimes in the banking industry. It protects the bank and its customers from fraud, maintains the bank’s reputation, and enhances operational efficiency.
Investments
Fund Management
VeriteScan ensures compliance with regulations, identifies high-risk investors, and prevents fraudulent investments in fund management. It enhances investor confidence by demonstrating due diligence and streamlines operations through compliance checks.
Real Estate
VeriteScan ensures compliance with anti-money laundering regulations, identifies high-risk buyers/sellers, and detects fraud in real estate transactions. It enhances market integrity, simplifies the verification process, and improves transaction efficiency, building confidence among stakeholders.
VERITESCAN – AML/KYC NAME CHECK FEATURES
Assess the risk associated with conducting business or transactions with such individuals due to the potential for corruption, bribery, or other illicit activities.
Reliable Source
VeriteScan ensures that the data used for conducting Anti-Money Laundering (AML) background searches comes from trusted and reputable sources. The application utilizes updated and verified databases to provide accurate and reliable information, enhancing the effectiveness of due diligence processes.
Updated Database
VeriteScan maintains an up-to-date database, regularly updating it to include the latest information on individuals, entities, watchlists, sanction lists, and adverse media coverage. By utilizing an updated database, VeriteScan ensures that users have access to the most current and relevant information for their AML checks.
Easy to Use
VeriteScan prioritizes user-friendly design and intuitive user experience. The application is designed to be easy to navigate and understand, enabling users to perform AML scans efficiently and effectively. With a user-friendly interface and clear instructions, VeriteScan simplifies the process of conducting due diligence checks.
Due Diligence
VeriteScan streamlines due diligence checks for organizations by conducting thorough assessments and investigations, including comprehensive AML background searches across databases and watchlists.
API Integration
VeriteScan’s API integration allows seamless connectivity and data exchange between VeriteScan and external systems or applications. This integration enables organizations to incorporate VeriteScan’s AML functionalities directly into their existing software or workflows, automating AML checks and streamlining compliance processes.
Cost Efficient
VeriteScan offers a cost-efficient solution for conducting AML background searches. By utilizing a token-based system, users only need to purchase tokens to perform scans, making it a flexible and cost-effective option for organizations. This allows users to pay for the scans they actually need, optimizing their budget and ensuring cost efficiency.
Single Scan
Our single scan feature allows you to verify individuals and entities against local and global PEP lists. The generated comprehensive information will assist you on onboarding or conducting due diligence for both new and existing customer
Bulk Scan
Our bulk scanner feature allows you to conduct PEP screening on large datasets, which is beneficial for firms needing to screen numerous entities or individuals simultaneously, saving you time and resources.
API Integration
Our API Integration allows organizations to automate AML checks, conduct bulk scans, and retrieve search results easily, enhancing the efficiency and accuracy of their compliance processes.
How does Veritescan help?
What you can get for choosing VeriteScan:
Regulatory Compliance
We will help your business meet regulatory requirements such as AML and KYC guidelines, reducing the risk of legal issues.
Enhanced Due Diligence
Our solution allows thorough checks on customers, suppliers, and partners, verifying identities and assessing risk profiles for informed decision-making.
Operational Efficiency
VeriteScan streamlines the screening process with automated checks and bulk scanning options, saving time and resources.
Reputation Protection
Our solution will proactively help you identify and avoid associations with individuals involved in illegal activities or risks, safeguarding your company’s reputation.
Risk Mitigation
We can lessen your risk of engaging with high-risk individuals or entities by screening against watchlists and adverse media sources, protecting your business from financial crimes and reputation damage.
Legal and Financial Safeguards
VeriteScan demonstrates your commitment to prevent financial crimes, reducing the risk of penalties and regulatory scrutiny.