"This introduction of SmartSearch means we are able to provide extensive, worldwide, anti-money laundering checks in a matter of seconds"
Advisers can use SmartSearch to conduct anti-money laundering checks at the very start of their sales process.
Within three seconds of inputting data, advisers will have access to a completed check which will provide them with a clear pass or refer result, including automatic worldwide sanctions and politically exposed person screening. Other features include ongoing monitoring, a deceased check and potential fraud alerts.
SmartSearch’s anti-money laundering verification platform helps to prevent fraud by conducting both individual and business searches for the UK and international markets, partnering with data suppliers including Dow Jones, Experian and Equifax. The searches leave only a soft footprint on a client’s credit record, so has no material impact on a client’s ability to secure credit.
Rob McCoy, senior product & business manager at TMA, said: “At TMA we pride ourselves on being more than just a mortgage club. Providing our DAs with a first-class proposition and unrivalled compliance support is how we continue to support the Directly Authorised mortgage market.
“This introduction of SmartSearch means we are able to provide extensive, worldwide, anti-money laundering checks in a matter of seconds, so our brokers can focus on their clients and growing their business.”
Steven Taylor, head of new business at SmartSearch UK, added: “We are delighted to be working with TMA Club – it already has an extremely comprehensive and compelling proposition and the addition of the SmartSearch platform will only enhance this. SmartSearch will allow TMA Club advisers to quickly and efficiently undertake the ‘Know Your Customer’ checks and ensure compliance is fully aligned with the stringent Money Laundering Regulations 2017.”
