Barratt Smith Brown are one of the UK’s leading providers of know-your-customer verification and anti-money laundering checking services. Utilising a seven-step check and double gateway verification process, tailored to the highest quality standard, we provide one of the most comprehensive anti-money laundering (AML) and know-your-customer verification (KYC) services available in the UK today.
What is know-your-customer verification?
Know-your-customer verification (KYC) is the process of a business verifying the identity of its clients. By ensuring their potential customers are who they say they are, a business can minimise the potential risk of illegal intentions which may harm the business itself or lead to it being legally compromised. KYC processes are also employed by companies of all sizes to ensure their proposed employees, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.