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United Kingdom : Callcredit reveals anti-money laundering solution contract with DC Law.

Callcredit Information Group has today announced a new contract with DC Law which will help the legal practice to reduce risk and assist in meeting with anti-money laundering (AML) regulations.

Specialist in anti-money laundering (AML) solutions and market leader in the fields of identity verification and credit risk, Callcredit will provide DC Law with its powerful customer ID verification tool, CallML. It has been built in line with the Money Laundering Regulations and JMLSG guidance and provides fraud prevention capabilities.

DC Law specialises in dealing with conveyancing and probate matters, and with that there are risks associated with non-payment of fees or more illicit risks such as financial crime. Callcredit s CallML tool will help the practice to verify the identity of its new customers via a single electronic search providing a clear instant decision on whether the applicant has been successfully verified or not.

Peter Mansfield, Managing Director, Callcredit Ltd said: At Callcredit we understand the importance for legal practices to know who they are dealing with whilst not delaying a case. CallML uses a comprehensive range of quality data sources available for identity verification and will provide DC Law with high verification rates and fraud mitigation, whilst helping the practice meet its responsibilities to prevent money laundering and enhance its customer due diligence.

Andrew Burke, Client Relationship Manager, DC Law also commented that: By implementing Callcredit s CallML ID verification tool we can protect DC Law from the risks of fraud without causing any delays for our clients, ensuring we maintain the high level of customer service that our clients expect.

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Publication:Mena Report
Date:Aug 7, 2014
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