Simple KYC & Due Diligence Check

Our Mission

Our mission is to provide businesses with the service they require under AML regulation and help in the fight against money laundering and terrorism financing.

Knowing Your Customer (KYC) is becoming an increasingly important process for businesses with many regulations in place that they must comply with. Businesses must ensure that they have the correct practices in place to reduce the risk of being associated with money laundering and terrorist financial activities.

NameScan helps businesses ensure they are compliant by assisting them with their KYC processes through our PEP and Sanction screening service. By utilising multiple well known data sources, we provide our users with the option to choose which database they would like to screen an individual or entities name against to ensure they are not a risk to their business.

Trusted by

Our Data

Sapphire

Sapphire Checks utilises Acuris Risk Intelligence's Database of PEP and Sanctions which is updated daily. This database contains over 1.4 Million PEP profiles, 1.2 Million Sanction profiles and 400,000 adverse media links.

Emerald

Emerald Checks utilises NameScan's Proprietary Database, consisting of consolidated global PEP list and Sanction profiles that have been collected from governments and other official lists that are publicly available on the internet. These lists are updated on a daily basis and we are continuously working hard to find and add new profiles each day.

Ruby

Ruby Checks utilises Refinitiv's (Formely known as Thomson Reuters) World-Check Database, this database consists of over 1.1 Million detailed PEP profiles as well as their Relatives and Close Associates (RCAs) worldwide. The World-Check database also provides an extensive coverage of sanction profiles, regulatory enforcement, law enforcement and other official lists. This database is also updated on a daily basis.

About AML, CTF, PEP and Sanction

The basics

Anti-Money Laundering (AML)

Government guidelines surrounding money laundering are generally referred to as Anti-Money Laundering (AML). Money laundering often occurs when a business owner sets up an actual, legitimate business, as a way to disguise the illegal activity going on behind the scenes.

Counter-Terrorism Financing (CTF)

Counter-Terrorism Financing (CTF) are laws and regulations that aim to stop the illegal financing of terrorism and terrorist-related activities. This includes the illegal funding of terrorist organizations themselves.

Politically Exposed Person (PEP)

A "politically exposed person" or "PEP" is an individual that holds a prominent public position or function. Due to their role, they may be more susceptible to bribery, corruption or other money laundering offences, as a result of this they are of high risk to financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs).

Sanction

Sanctions are restrictions imposed on individuals, entities or countries; in an effort to curb their activities and apply pressure on them to change their unlawful pursuits. This is brought about when such individual or country is found to breach either an international law, human right, or indulge in illegal activities such as drug and human trafficking, terrorist activities and so on.

The importance of AML/CTF

If you are a reporting entity, you must have an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program specifying how you comply with AML/CTF legislation. The program must be a written document describing how you identify, mitigate and manage the risk of your products or services being used for money laundering or terrorism financing and must be appropriate to the level of risk your business or organisation may reasonably face.

Your AML/CTF program must be risk-based. Meaning it must take into account the likely level of risk of your business or organisation being used for money laundering and terrorism financing, based on its size, nature and complexity. Current practices include the re-assessment of risk for all existing clients and the monitoring of red flags.

Industries we help

Accountants

Betting Industries

Financial Institutions

Our Partners

Member Check

Member Check Pty Ltd provides the secure and comprehensive MemberCheck online AML / CTF compliance service, which enables organisations to scan new customers, during onboarding, or their entire customer base of individual or corporate clients, in an efficient and cost effective manner.

Neurocom Group

NameScan is a member of the Neurocom Group, which also includes:
Creative Digital Technology - eBusiness Application Development, Hosting and Payment Gateway Services
GPayments - Authentication and Payment Solutions
Member Check - Anti Money Laundering and Counter Terrorism Financing Compliance Solutions

Thomson Reuters

Thomson Reuters, is the answer company and provider of World-Check, which enables professionals in the financial and risk, legal, tax and accounting, and media markets to make the decisions that matter most, all powered by the world's most trusted news organisation.

Acuris Risk Intelligence

Acuris Risk Intelligence is a trusted and independent provider of data intelligence for Anti-Money Laundering, Anti-Corruption and Anti-Terrorism Financing professionals. Their unique, actionable data helps businesses worldwide manage their risk.

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