Press Release
17th March 2008
Easy
Convey software to include electronic identity checks in line with new
Anti-Money Laundering legislation
Law firms will now be able to verify the identity =
of
customers swiftly and with confidence thanks to a collaboration with GB Gro=
up
Easy Convey Ltd
(www.easyconvey.com), a leading developer of electronic conveyancing produc=
ts
and services, has today announced the inclusion=
of an
electronic identity checking service within its Conveyancing
Administration Software Application (CASA), in =
association
with identity management specialists, GB Group.
The new ID checking service will
enable solicitors who are using CASA to meet the demands of the latest
anti-money laundering legislation that came into effect at the end of last
year. As part of the new Money Laundering Regulations 2007, solicitors will=
now
need to ensure that they are following risk-based assessments which include
certain checks into the business dealings of their clients.
The URU™ ID
checking solution, jointly developed by GB Group and BT, is now integrated =
with
Easy Convey's CASA,=
so
that users can cross-check personal client deta=
ils
against a range of population data sources such as the Electoral Roll, as w=
ell
as financial data supplied through Callcredit, a variety of telephone and
address data, and also deceased and ‘gone away’ files. As an integral part =
of
CASA, the service will also confirm the authenticity of common proofs of identity such as a passport, dri=
ving
licence, or utility bill. The PEP (politically exposed
persons) and Sanctions databases are also checked, and GB’s enhanced =
PEP
checking service – to be introduced later this month – will als=
o be
integrated into Easy Convey’s identity checking system. "=
;This
new service has been launched to meet the requirements of this new Anti-Mon=
ey
Laundering legislation specifically," says Dominic Cullis, managing director, Easy Convey Ltd. "A
basic identity check simply isn't enough anymore, since the possibility rem=
ains
that a new client is actually using a stolen identity, and/or appears on the PEP or Sanctions list. To be
absolutely sure of a client's identity, we would recommend running this che=
ck
on each and every client, especially as it so economical.” A critical requirement of the la=
test
Anti-Money Laundering regulations is to confirm that a new or existing cust=
omer
– whether an individual or an organisation – is who they say th=
ey
are, a process known as KYC or Know Your Client. Having access to this information =
and
making use of it underpins all Anti-Money Laundering procedures, and is
therefore the most effective way of ensuring that law firms aren't
inadvertently helping to launder the proceeds of crime. Easy Convey's clients using the new
service will be provided with an instant pass or fail result, based on scor=
ing
defined specifically for the legal sector, and in full compliance with Joint
Money Laundering Steering Group (JMLSG) requirements. As such, the new serv=
ice
will ensure that the process of confirming an individual’s identity is
faster, more robust and far more efficient than traditional, manual checks.=
CASA already has a proven track
record for assisting lawyers and licensed conveyancers with all areas of
conveyancing administration. =
It is
the first electronic conveyancing application to provide automated case
tracking, and to integrate with all three NLIS Channels. The application ca=
n be
used to generate letters and to complete forms and other documents via
automated workflows, all with the added convenience of making sure that
information only needs to be entered into the system once. In addition, law firms and licen=
ced
conveyancers can also use CASA to submit their =
Inland
Revenue SDLT returns electronically, and to print the certificate immediate=
ly
on acceptance of the submission.
Previously, the need to use printed forms sent via the post meant th=
at
this process could take up to four weeks.&=
nbsp;
However, by using CASA to manage this same information electronicall=
y,
the process now takes just minutes, with the submissions guaranteed to be
correctly formatted and completed. <<ends>> About Easy Convey Ltd Easy Convey=
was
established in April 2000 to market a range of electronic conveyancing prod=
ucts
and services, all of which were developed in-house. By using this technology, conveyan=
ce
lawyers can enjoy 50 percent more completions, without increasing staff
levels. Easy Convey=
's
unique Conveyancing Administration Software Application (CASA) is at the he=
art
of the easyconvey.com electronic conveyancing software, and can significant=
ly
reduce conveyancing time for experts working within the property market. For
more information please visit www.ea=
syconvey.com Company Contact Dominic Cullis Tel: 01483 419 025 Web: www.easyconvey.com Press Contact: &nb=
sp; =
&nb=
sp; =
Tel: 01483 537 890 &=
nbsp; &nbs=
p; &=
nbsp; email: chazb@chazb.com =
&nb=
sp; Web:
www.chazb.com About GB Group plc GB believes that identity
matters. Specialising in understanding consumer identity, GB ena=
bles
its clients to make more informed business decisions and to communicate and
interact more effectively with its customers through a deeper understanding=
of
their identity and behaviour.
Utilising its proprietary technology, GB can protect, predict a=
nd
provide information that is used to maximise customer value for some of the=
GB offers solutions that assist organisations to
capitalise on the value of their customers at every point of contact. GB has three complementary offerings: GB is listed on the London Stock Exchange (GB=
G).
For more information, please visit GB Group’s website: www.gb.co.uk. GB Group - because identity matters™ <=
o:p> For mo=
re
press info, or to arrange an interview, contact Howard Bowden, Becky Ribban=
s or
Tony Brown, 3 Monkeys Communications, 020 7440 2410 / 07720 839 852