Fraudulent activity is on the rise globally. Consequently, costly regulatory obligations are also on the rise.If you have requirements to meet Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) New Zealand legislative requirements, or simply want peace of mind that you have engaged in a business arrangement with a legitimate person or entity, our solutions are designed to help you meet your needs.
Id Verification
Centrix Smart ID is a consumer identification service that can assist Subscribers with identity verification compliance under the AML/CFT legislation, providing a verification service of input data, including name, date of birth and address values.
Simply log into the web portal, enter the details and you will receive an outcome.
Smart ID can be utilised for either onboarding new customers or for on-going customer due diligence.
Centrix recommends Subscribers should take legal advice regarding their AML/CFT identity verification compliance.
Key Benefits
- Real time outcomes for quick decisions
- Say “yes” to your customers quicker
- Consistency across assessment process
- Assists AML/CFT compliance
- Includes PEP/Sanction lists
- Customisable rule set
Beneficial Owners
Identifying beneficial ownership for AML/CFT compliance purposes can be an arduous task.
Centrix has developed an online solution to assist businesses in identifying beneficial ownership quickly and accurately.
In more complex entities, multiple layers can take over 30 minutes to work through.
It is possible for ownership to be split into parcels of 25 percent or less, but relationships between the parties may give an individual aggregated ownership of the company that amounts to more than 25 percent.
Key Benefits
- Real time outcomes for quick decisions
- Say “yes” to your customers quicker
- Consistency across assessment process
- Assists AML/CFT compliance
- Customisable rule set
- Individuals can be verified through Smart ID once identified as a beneficial owner
For example:
Once logged into the web portal, you simply enter the business name or NZBN, and the output will automatically calculate beneficial ownership to the % you set within seconds.
Contact Us!
0221018335 / info@creditreports.co.nz